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What’s in a JOC Coefficient

Job Order Contracting

Employee payroll taxes, insurance, and fringe benefits. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). Permits, licenses, and fees. Subcontractors’ overhead and profit. All costs associated with bonding (specifically including bond premiums). All waste and excess material.

Overhead 100
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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. Employee payroll taxes, insurance and fringe benefits. Permits, licenses and fees. Subcontractors’ overhead and profit.

Contract 100
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Davis-Bacon Wage Rates and Construction

Job Order Contracting

NOTE: The following is provided for awareness purposes only and is not, nor it it intended to be any form of legal advice or service. The Department of Labor (DOL) has published rules and instructions concerning Davis-Bacon and other labor laws in the Code of Federal Regulations (CFR). DAVIS-BACON DEFINITIONS. Laborer or mechanic.

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Job Order Contract Coefficient – Training 101

Building Information Management

Employee payroll taxes, insurance and fringe benefits. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). insurance costs. Permits, licenses and fees. Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs.

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Contractor License Bonds: Everything You Need to Know

Levelset

Well, every state sets its own rules for contractor licensing, and contractors often must purchase a surety bond in order to legally practice their trade. A contractor bond is different from other types of construction bonds because it provides broader protection to the public and is regulated by a licensing board. What does that mean?

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Top Five Surety Bond Misconceptions

Construction Law Monitor

There is a lot more involved in acquiring the appropriate permits, licensing and legal documents in order to be granted permission to start. Surety bonds are another form of insurance. Although they both serve to protect parties in an agreement, there are several differences between surety bonds and insurance.

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GIVEAWAY #5: AUTODESK SWAG PACK

Construction Junkie

All Federal, State, Local, and Municipal Laws and Regulations Apply. ELIGIBILITY: This contest (“Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years or older at the time of entry. Void where prohibited.