article thumbnail

Harnessing the Power of RPA

Construction Business Owner

Common expenses for operating a construction business include labor, materials, insurance, permits, office space, vehicles, trailers and other incidentals. Despite its simple appearance, the financial equation of “revenue - expenses = profit” is so complex, there are few who truly understand it.

article thumbnail

What’s in a JOC Coefficient

Job Order Contracting

Employee payroll taxes, insurance, and fringe benefits. Compliance with environmental laws (overhead [indirect] costs associated with performing work in compliance with EPA/OSHA regulations, including obtaining any necessary licenses and permits, reporting requirements, etc.). Office management and equipment. 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. Office management and equipment. Depreciation of mobile office(s).

Contract 100
article thumbnail

How Economies of Scale Works in Construction

Wolgast Corporation

When he outgrew his initial office, he got a great deal on a warehouse that was easily adaptable to expand his business. For example, dumpsters, storage trailers, building permits, temporary electricity, barricades and insurance are a few types of things included in this category.

article thumbnail

Over 275 Partners Now Integrate with Autodesk Construction Applications 

Autodesk Construction Cloud

They must implement tools that effectively connect dispersed teams, both in the office and in the field, and facilitate collaboration with external stakeholders. Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll.

Autodesk 118
article thumbnail

Job Order Contract Coefficient – Training 101

Building Information Management

Employee payroll taxes, insurance and fringe benefits. insurance costs. Compliance with environmental laws (overhead {indirect} costs associated with performing work in compliance with EPA/OSHA regulations, including obtaining any necessary licenses and permits, reporting requirements, etc.). Office management and equipment.

article thumbnail

15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Setting up your office and setting a storage area at home will do while you’re beginning. Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 12) Licenses and permits. 13) Business insurance. Labor costs.

Insurance 296