Remove Documentation Remove Insurance Remove Overhead Remove Reference
article thumbnail

8 essential steps for effective project cost estimation and budgeting

Fieldwire

General contractors can review all available construction documents or the bill of quantities the property owner or project engineer prepared. Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. On average, remodelers net 4.7%

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. May also be called pricing.

professionals

Sign Up for our Newsletter

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

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
article thumbnail

10 Essential Types of Construction Documents

Autodesk Construction Cloud

Construction documents help keep your projects organized and guide the construction process from start to finish. Having access to these construction documents puts information into the hands of the right people at the right time, so decisions can be made quickly and action can be taken to finish projects on time and within scope. .

article thumbnail

4 Practical Avetta FAQs for Suppliers

Safety Services Company

Document Management: Avetta ® collects, verifies, and provides your supplier safety and sustainability information to their clients. Supplier Insurance Verification. References & Reputation. Make sure you investigate their references and reputation, so that your reputation isn’t tarnished by someone else’s.

FAQ 48
article thumbnail

Job Order Contracting Glossary

Building Information Management

It is sometimes use synonymously with the term “Coefficient”, and sometime refers to a cost localization factor that is used in addition to the “Coefficient”. The document may be referenced in the job order contract and may/or may not be directly provided by the creator of the unit price book and/or job order contract software.

article thumbnail

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Just the bare labor component includes adders such as fringe benefits, unemployment insurances (federal and state), social security taxes, public liability costs, and builders risk insurance.