Remove Guidelines Remove Insurance Remove Overhead Remove Profitability
article thumbnail

Job Order Contracting Guide

Job Order Contracting

Labor rates are for direct labor, without overhead and profit, however include fringe benefits and allowances for Social Security and Medicare taxes, worker’s compensation, unemployment insurance and employee benefits. Payroll taxes and workman’s compensation are included in the labor rates. copyright of CSI.

Contract 100
article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

coefficient (reference table of allowable overhead). Architect/Engineer’s Guidelines, Quality Control, and other related documents in effect at. The UPB costs should NOT include contractor overhead and profit. The contractor typically bears overhead costs as part of the proposed coefficient of the JOC program.

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

Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite

Levelset

Establishing and enforcing these guidelines as part of your daily operations can significantly reduce the number of falls on the job. . Financial distress can result from a lack of skilled labor and possible workers’ compensation insurance claims. . Getting caught in or between. Electrocution.

Safety 52
article thumbnail

Job Order Contracting Glossary

Building Information Management

“Job order contract technical specifications” – A book (electronic and/or hardcopy), referenced by the owner, detailing the construction requirements and guidelines with regard to quality of materials and workmanship to be used by the job order contractor in accomplishing the tasks listed in the unit price catalog. .

article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

The contractor charges the owner based on the actual costs of the project including rates for overhead agreed to as part of the contract. Teamwork – the project team is encouraged to work together to ensure the project is successful and profitable. Construction Contract Types.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

Job Order Contracting GUIDELINES & PROCEDURES. Taxes, insurance, fringe benefits, and vacation allowances are to be included in the Contractor’s coefficient. Information is in the form of unit prices times including a description of the task, direct material, labor and equipment costs, but not indirect costs or profit.