article thumbnail

Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

article thumbnail

What’s in a JOC Coefficient

Job Order Contracting

Employee payroll taxes, insurance, and fringe benefits. Mobilization and close out for the total contract and each task order. Depreciation of mobile office(s). Subcontractors’ overhead and profit. All costs associated with bonding (specifically including bond premiums). All waste and excess material. Quality control.

Overhead 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

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. Mobilization and close out for the total contract and each task order.

Contract 100
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. Collaborating on Cash flow » The Year of Mobile Technology? This year, I think it’s safe to say that mobile devices and applications that run on mobile devices are the buzz of construction industry, and it’s easy to see why. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Mobility 120
article thumbnail

The Overlooked Nevada Rule In an Arena Project Lawsuit

ENR Construction

When crunching the numbers on the construction wrap-up program for the T-Mobile Arena project outside Las Vegas, insurance broker Aon Risk Services South allegedly failed to take into account a Nevada workers’ compensation rule, one of many intricate features of the state’s workers’ compensation regulations.

Nevada 28
article thumbnail

Job Order Contract Coefficient – Training 101

Building Information Management

Employee payroll taxes, insurance and fringe benefits. insurance costs. Mobilization and close out for the total contract and each task order. Depreciation of mobile office(s). Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. protective clothing.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Compliance/Regulations. « The Year of Mobile Technology? While this may seem like an impossible task, the overwhelming adoption of mobile technologies and the move towards web-based software are providing a light at the end of the tunnel. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

Cash Flow 120