article thumbnail

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. Project management and supervision. Office management and equipment. As built drawings. Quality control.

Overhead 100
article thumbnail

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. Project management and supervision. Office management and equipment.

Contract 100
professionals

Sign Up for our Newsletter

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

article thumbnail

Setting up a Job Order Contract Using Best Management Practices

Job Order Contracting

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . Informal (shop) drawings, incidental to the job, reflecting the plan of action and the completed project, are anticipated under JOC. JOC Characteristics. (a)

Contract 100
article thumbnail

Data Scientists Reveal 5 Surprising Construction Insights to Manage Risk 

Autodesk Construction Cloud

An example of a data point might be the number of overhead mechanical racks installed on the job that day, or logging the root cause of a safety incident. This information eventually translates into knowledge , like figuring out the average time it takes to install an overhead rack based on information collected from multiple jobs.

Risk 52
article thumbnail

A position is vacant for Construction Estimator/Project Manager in Toronto

Construction Cost Estimating

Tony''s Carpentry Ltd is seeking a construction cost estimator /project manager in Toronto (ON) on permanent basis. construction construction job Cost estimator Jobs project manager' The yearly salary for this job will be min. 50000 for 40.0 hours per week.

article thumbnail

ConstructionPro Network blog: Diverse, high-level information to help make better project management decisions

Construction Marketing Ideas

.’s ConstructionPro Network blog takes business seriously, and in the process, provides some really useful tools (and warnings) for contractors and professional services concerned about contract and project management, disputes, and best practices within the industry. It is part of the contractor’s general and administrative overhead.

article thumbnail

Hard Construction Costs

Job Order Contracting

There are many pitfalls in simply using past experience and subcontractors for only for generating a hard cost estimate: Over time owners/facilities managers generally use the same subcontractors. Overhead & Profit – Temporary facilities, utilities, tools and safety and security costs.