Remove Compensation Remove Contractors Remove Insurance Remove Overhead
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Creating a JOC Coefficient?

Job Order Contracting

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. General insurances. Workmen’s compensations insurance. State unemployment insurance.

Insurance 233
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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Markups include worker compensation and unemployment per state in which work is performed. Liability insurance based upon local contractor rates is also added as a percentage. General overhead and profit can be added by percentage if desired.

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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The items to be considered when a contractor creates a JOC coefficient vary according to the specific JOC Program. The following is a list of items that are generally considered when a contractor is developing a JOC coefficient. A JOC coefficient is a factor, typically ranging from 0.80

Contract 100
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Estimating- The New Normal

Chianelli Estimating

Unfortunately the contractor with work in progress is most vulnerable. Contractors working with a fixed cost contract is the norm and are married to the terms by which it has been agreed upon from the project outset; before Copvid-19 restrictions. Too many contractors vying for the same job . cost overruns. Less opportunities.

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Construction Estimating

Chianelli Estimating

Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

It is also expected that during certain time of the year project loads may be significantly higher and contractor staffing should reflect these needs. The Contractor must take these costs into account when proposing the. coefficient (reference table of allowable overhead). UPB rate and the Contractor’s multiplier.

Contract 100
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CCIP & OCIP: A Guide to Controlled Insurance Programs in Construction

Levelset

Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need?