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Creating a JOC Coefficient?

Job Order Contracting

General / Prime Contractor Overhead. General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Federal unemployment insurance. Mobilization and demobilization costs. General / Prime Contractor Profit and risk. Site cleanup. Supervision.

Insurance 233
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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

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What’s in a JOC Coefficient

Job Order Contracting

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Employee payroll taxes, insurance, and fringe benefits. Mobilization and close out for the total contract and each task order.

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. Subcontractors’ overhead and profit. Employee payroll taxes, insurance and fringe benefits. Quality control.

Contract 100
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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The following is a list of items that are generally considered when a contractor is developing a JOC coefficient.

Contract 100
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Job Order Contract Coefficient – Training 101

Building Information Management

Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. Employee payroll taxes, insurance and fringe benefits. insurance costs. subcontractor’s overhead and profit. insurance costs. subcontractor’s overhead and profit.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Expenses - Overhead required to maintain business operations. In essence you are selling, assembling, delivering and installing a customized product from a mobile shop on location. Expenses - Overhead is extremely complex because some expenses in regular Accounting are actually Cost of Goods Sold in construction accounting.