article thumbnail

Prepare for Management Compensation and Bonus Reviews

PSMJ Resources

If you serve government clients, you should be prepared to support your management compensation and bonuses as the year end approaches. There is increased concern among various segments of our public sector clients over compensation and bonuses in A/E firms. The biggest issue is likely to be documentation that can be reviewed.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. coefficient (reference table of allowable overhead). Architect/Engineer’s Guidelines, Quality Control, and other related documents in effect at.

Contract 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

16 Things Every Contractor Should Know When Bidding a Job Order Contract

Job Order Contracting

Under NO CIRCUMSTANCES should a JOC Consultant be involved in make an award decision if the JOC Consultant is being compensated via a % of JOC construction volume. . indicating “Per JOC Cooperative Contract”, on the appropriate document. The information we have seen from previous JOC proposals indicate Coefficient factors run from.80

Bidding 100
article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods, qualifications, assumptions, inclusions, and exclusions. Bill of quantities (BOQ) - a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. Example: Wage rate is 10.00/hour,

article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Sometimes referred to as the “language of business,” accounting personnel document an organization’s accounting activities to accurately measure financial performance. To make things even more complex, items that you might consider overhead expenses are often actually costs of goods sold because they are connected to a client project.

article thumbnail

LEAN Collaborative Construction Practices Construction Cost Estimating

Job Order Contracting

Indirect Cost – Overhead items or costs incurred for the benefit of more than one project are indirect costs. A written, detailed, and agreed upon document defining roles, responsibilities, documents, costs data types/formats, specifications. Direct Cost- Costs are directly attributable to the work on the project.

article thumbnail

What are Simplified Acquisition of Base Engineer Requirements (SABER)

Building Information Management

Offerors propose coefficients for costs such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. This approach recognizes that a contractor’s overhead decreases as workload increases. The contractor is responsible for submitting documentation that substantiates the proposed approach.