Remove Engineering Remove Overhead Remove Procurement Remove Structural Engineering
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?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Overhead: Overhead is the markup for the general contractor’s home office overhead.

article thumbnail

Rory Woolsey's Construction Estimating Blog: A New Year in.

Rory Woolsey

Rory is currently with The Gordian Group, leaders in expediting construction procurement through Job Order Contracting. Rory Woolsey has worked in Management and Engineering for the construction industry for 35 years, starting as a construction laborer in Billings, Montana, in 1972. Labor Productivity? construction consultants.

professionals

Sign Up for our Newsletter

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

article thumbnail

Rory Woolsey's Construction Estimating Blog: Costing Construction

Rory Woolsey

Bare is exactly that; it is the bare cost of the direct activities less any mark ups for labor burden, taxes, bond, overhead and profit. All direct costs are then adjusted to include home office overhead and profit for the installing contractor. Site overhead costs can be 5% to 15% of the overall project cost.

article thumbnail

Rory Woolsey's Construction Estimating Blog: The Estimating.

Rory Woolsey

Architects and engineers define scope in plans and specifications but for construction estimating this scope is incomplete. These are excellent resources for pricing but typically they are not readily available to budgetary estimators such as architects and engineers. Typically the published unit costs do not include all the above.

article thumbnail

Autodesk Construction Champions 2023: 25 People Powering the Future of Construction 

Autodesk Construction Cloud

Princeton University   Alec Overn Business Manager, Modular Power Solutions, Dallas, TX Alec joined MPS in 2019, and implements the organization’s objectives, policies, and performance standards as well as oversees overhead departmental functions. She sees data as the key to success, particularly in industrialized construction implementation.

article thumbnail

Rory Woolsey's Construction Estimating Blog: Losing Your Shirt.

Rory Woolsey

A project cost should also include the indirect costs such as site specific overhead (indirectly attributable to all the project direct costs and can be 5% to 15% of project cost), home office overhead, profit, bond, sales taxes and even certain contingencies. He is also affiliated with The Wool-Zee Company, Inc.,

article thumbnail

Rory Woolsey's Construction Estimating Blog: A Savings Analysis!

Rory Woolsey

When compared to accurate engineers’ budgetary estimates on these optimized and clean JOC contracts I have seen savings on the average of 5% to 10%. This equates to 75 labor hours x a cost of $60 per hour (with all overhead and burdens) which equates to about 6% additional savings on a typical $80,000 JOC project.