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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

Army Job Order Contracts fail to meet critical AFARS requirements most of the time. The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price.

Contract 229
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12 Pitfalls New Contractors Should Avoid

Construction Business Owner

New contractors, like all contractors, face challenges around workload: cash flow, staffing and contracts. A savvy new contractor is one who anticipates and protects their fledgling business against the many challenges both on the jobsite and back at the office. Construction Insurance. Section In the Office. Main Image.

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Get Additional Insured Language Right

Construction Business Owner

General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.

Insurance 120
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Carpenter’s Insurance: Who Needs It & Why

Levelset

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

Job Order Contracting Training Note – JOC Coefficient. The post Job Order Contracting Training Note – JOC Coefficient appeared first on 4BT. A JOC coefficient is a factor, typically ranging from 0.80 The items to be considered when a contractor creates a JOC coefficient vary according to the specific JOC Program.

Contract 100
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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.