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Empowering Project Management Professionals Through Technology—Part 2 of 5

Viewpoint Construction Technology

Editor’s Note: This is Part 2 of a five-part series on Construction Project Management. Last week, we talked about the complexity of construction projects and the role of the project manager in managing the processes behind them. Hire bad people to manage and build the project?

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Considering a Job Order Contract?

Job Order Contracting

Here are a few items for review when organizations are considering a job order contract or hoping to improve one. Contracts and individual Projects/Work Orders within JOC should have established dollar limits. Develop a formalized reporting process (project status, timeline, budgets, issues, etc.)

Contract 205
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What is Project Loss Insurance?

Levelset

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Its goal is to prevent contractors from going bankrupt or out of business due to a project loss.

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Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

UNDERSTANDING THE CONTRACTOR’S JOB ORDER CONTRACT COEFFICIENT. A Job Order Contract Coefficient is a numerical factor that represents costs (generally indirect costs) not included in the unit price line items within the Unit Price Book, UPB, associated with the Job Order Contract. Project management and supervision.

Contract 100
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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. The ability to integrate with these emerging technologies puts your financial manager in a much better position to forecast, rather than only making decisions based on the past.

Sage 145
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What’s in a JOC Coefficient

Job Order Contracting

What’s in a JOC Coefficient should be specifically detailed in the Job Order Contract Request for Proposal. Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Employee payroll taxes, insurance, and fringe benefits.

Overhead 100
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Construction Cost Audit Fundamentals

Job Order Contracting

This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes. A construction cost audit and associated checklist are important risk management and LEAN construction planning, procurement, and project delivery tools.