Remove Estimating Remove Profitability Remove Subcontracting Remove White Paper
article thumbnail

Using RSMeans Cost Data for Job Order Contracting – JOC – October 2013

Building Information Management

The follow are excerpts from a RSMeans White Paper. This database would be referenced for estimating, negotiating, project control and closeout. “Traditional construction delivery methods are fraught with problems. Architects and engineers spend countless hours attempting to design and specify their projects completely.

article thumbnail

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

Building Information Management

The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. percent less than the government’s projected estimated costs. These contracts have much of their pricing determined by pre-award competition.