Remove Guidelines Remove Overhead Remove Permits Remove Profitability
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
article thumbnail

LEAN OpenJOC(TM) Job Order Contracting for Sustainable Facilities Repair, Renovation, and Minor New Construction

Job Order Contracting

The primary advantage of JOC has historically been is the flexibility permitted in ordered quantities and delivery scheduling. A public agency can place orders with one or more contractors when the actual need appears and received on-demand services from a vetted service provider. Unit Price Books developed without overhead & profit.

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

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. The contractor and consultants then partner up to complete the design, documents, permitting processes and ultimately deliver the project. Pros and Cons of Design Build Construction Contract.

article thumbnail

What are Independent Government Estimates – IGEs?

Building Information Management

This means the estimate should include (1) the direct costs incident to the construction; (2) an allowance for indirect or overhead costs; and (3) an allowance for a reasonable amount of profit. This price would include the cost of cement, aggregate, reinforcing steel and forms, but it usually excludes all overhead and profit.

article thumbnail

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

Building Information Management

Implementing guidelines are set forth in FAR Subpart 16.5. 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. Interagency usage can serve to reduce the overhead associated with multiple acquisitions.