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.). Permits, licenses, and fees. Quality control.

Overhead 100
article thumbnail

Green Building Data Risk as an Opportunity

Green Building Law Update

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. business seeking to mitigate the risk associated with data protection.

Green 120
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. Permits, licenses and fees. Other risks of doing business (i.e.,

Contract 100
article thumbnail

Construction Cost Audit Fundamentals

Job Order Contracting

A construction cost audit and associated checklist are important risk management and LEAN construction planning, procurement, and project delivery tools. This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. However, with a construction loan , you can build your dream home from scratch without making compromises. Discussed below are the things you should know before taking out a construction loan.

article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

Depending on the licensing and permitting requirements of the licensing body, you might need bonds for each state or city in which you perform work. Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. Surety bonds do not protect you against liability.

article thumbnail

5 Things to Look For in a Waterproofing Company

Construction Marketing

Is the company insured, bonded, or licensed? The kind of work that basement waterproofing companies do may require a local building permit. The company should also be bonded so that you will not have to incur the costs of any risks that may arise out of their work. Here are 5 things to look for in a waterproofing company: 1.

Insurance 133