Creating a JOC Coefficient?
Job Order Contracting
MARCH 1, 2022
Materials. Equipment. Workmen’s compensations insurance. Shipping of all materials to the jobsite. Incidental tools and equipment. Below is an example of such items. Items included in a JOC coefficient (also known as a “Bid Factor”). Subcontractor costs. Subcontractor mark-ups. General insurances.
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