Remove Documentation Remove Overhead Remove Software Remove Subcontracting
article thumbnail

Types of Estimate found on various stages of a Project

Construction Cost Estimating

An estimator has to be very careful about the quantity takeoff using the given data such as drawings, specifications and other documents about the project. Direct Cost includes cost of materials, equipment, labor and subcontracted cost; while the Indirect cost includes overheads and contingency.

article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. Purpose-built construction accounting software can help to automate this process and meet the need for multiple service or product categories.

professionals

Sign Up for our Newsletter

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

article thumbnail

Competitive Bid Estimating for construction - A brief overview

Construction Cost Estimating

RPF may be termed as a solicitation document, submitted by the owner, asking pricing and a technical solution for design and/or construction services. Construction bidding process starts with a set of contract documents. After reviewing all the plans and specifications the contractors make an estimate for the cost of the project.

Bidding 40
article thumbnail

Virtual Bookkeeper Vs. Outsourced Contractor Bookkeeping Services

Contractor Bookkeeping

This is my opinion from reviewing resume''s and offers to subcontract from "Virtual Bookkeepers" on a regular basis. Work flow processes and job descriptions are documented in operations manuals so that when a new hire joins the firm they learn from videos, manuals and audio recordings. See Bookkeeper Theft And Ways To Avoid It.

article thumbnail

Six Virtual Contractor Bookkeeper Traps

Contractor Bookkeeping

Virtual assistants can be a real asset to any contractor because they have all of the computer hardware, software and office space in their home, which means they can handle a variety of mundane tasks better and faster than most contractors, can and they can do it for a lot less money. Virtual Bookkeeper Trap #2. Virtual Bookkeeper Trap #3.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

A job order (JO) or task order (TO) is the contractual document issued by the purchasing/procurement or its designated representative to the Contractor. Subcontracts. At the completion of the project, any savings associated with the Subcontract may be required to be passed along to the Order by way of a change order.

article thumbnail

Best Practices for Multiple Award IDIQ – Task and Delivery Order Contracting

Building Information Management

This interim document contains our current views on best practices in the use of task and delivery order contracts, in particular multiple award contracts, as authorized by the Federal Acquisition Streamlining Act (FASA). Their input helped to form the basis for this interim document. This document includes five appendices.