article thumbnail

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. Project management and supervision. Quality control.

Overhead 100
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. Subcontractors’ overhead and profit. Employee payroll taxes, insurance and fringe benefits. Quality control.

Contract 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

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.

article thumbnail

COVID-19 – IMPACT ON CONSTRUCTION

Chianelli Estimating

This will slow down job progress waiting for inspections and approvals which ultimately move the project to the right. The main office overhead is an indirect expense for contractors that is best kept to a minimum. In market turn-downs and lean times the main office overhead is still a monthly constant.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used. coefficient (reference table of allowable overhead). The contractor typically bears overhead costs as part of the proposed coefficient of the JOC program. authorization. authorization. may not, be identified in the UPB.

Contract 100
article thumbnail

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. Rory Woolseys Construction Estimating Blog.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. All of a company’s overhead – office, management, and other costs – need to be rolled into the pricing. Committing Intentional Project Communications. Better Project Management through Better Communication.