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Subcontractor Solutions for Higher Profits

Viewpoint Construction Technology

At the same time, you’re trying to keep a close eye on your own jobs, profit margins, invoices, personnel, equipment, drawings, and more. When profit margins hover at only 3 per cent, an entire project gain can be wiped out with one mistake.

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What’s in a JOC Coefficient

Job Order Contracting

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Sales tax on material and equipment costs. Office management and equipment. As built drawings. Quality control.

Overhead 100
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Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Subcontractors’ overhead and profit. Sales tax on material and equipment costs. Office management and equipment.

Contract 100
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Paper vs. Clunky Software vs. Integrated Construction Solution

Viewpoint Construction Technology

Equipment and materials cost that is written on paper often doesn’t reach a system that is tracking job costs — leading to over budgeting and spending. Paper gets lost and isn’t easy to share. Reminders are placed on sticky notes that are often forgotten about.

Software 267
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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

You have what appears to be a high profit job and now you are thinking you have it made and I hope you are right! The most common situation is when a residential remodel contractor who has built a reputation and a substantial company generating profits of 15% or more decides to start building custom homes. The Solution.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

There are a number of people who pass out advice on how to start a profitable construction company; however, very few have actually done it and fewer still had a clear understanding of where they were making or losing money and fewer yet have ever gotten past the point of owning a J.O.B. . #2 If You Know Exactly What To Do.

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5 Current Construction Industry Challenges and How Technology Can Help

Fieldwire

With the current supply shortage driving up the costs of construction material, waste is not only inefficient but can also dissolve the profit of a job quickly. There is no substitution for timely materials and equipment. When a job isn’t properly planned, you can expect the profit to be non-existent.