Every Owner Should Implement JOC – JOB ORDER CONTRACTING – for Renovation, Repair, Sustainabilty, and Maintenance Construction Projects
Building Information Management
APRIL 10, 2015
Items that are not in the UPB can be negotiated, priced, and added to the UPB at any time. Shared Risk-Reward. The contracts price is put in terms of a coefficient, which is a multiplier that covers the contractor’s overhead and profit as well as any adjustment between the UPB and actual local prices. Performance-based.
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