Remove Insurance Remove Liability Remove Profitability Remove Regulation
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JOC Tutorial #71 – Terms

Job Order Contracting

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) j) “Project labor agreement” – an agreement that meets the requirements of applicable regulations. (k) The prices shall not include overhead and profit.

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Estimating- The New Normal

Chianelli Estimating

The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry.

Risk 120
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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

Army Job Order Contracting per GENERAL SERVICES ADMINISTRATION DEPARTMENT OF THE ARMY, ARMY FEDERAL ACQUISITION REGULATION SUPPLEMENT ( AFARS ) Subpart 5117.90 – Job Order Contracts 5117.9000 Scope of subpart. 1 Revised August 4, 2022 5117.9004 DOD FEDERAL ACQUISITION REGULATION SUPPLEMENT 5117.9004 Procedures.

Contract 226
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Public Exposure and Liability on Construction Sites.

Cash Flow 120
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Public Exposure and Liability on Construction Sites. MANAGEMENT |. ACCOUNTING |.