Remove Legal Remove Overhead Remove Permits Remove Profitability
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. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). 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. Permits, licenses and fees. All waste and excess material.

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. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). contractor’s profit. subcontractor’s overhead and profit. contractor’s profit.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. coefficient (reference table of allowable overhead). furnish as part of his overhead cost included in the coefficient, all necessary protective.

Contract 100
article thumbnail

LEAN OpenJOC(TM) Job Order Contracting for Sustainable Facilities Repair, Renovation, and Minor New Construction

Job Order Contracting

The primary advantage of JOC has historically been is the flexibility permitted in ordered quantities and delivery scheduling. A public agency can place orders with one or more contractors when the actual need appears and received on-demand services from a vetted service provider. Unit Price Books developed without overhead & profit.

Contract 100
article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The contractor charges the owner based on the actual costs of the project including rates for overhead agreed to as part of the contract. The contract can take many forms and formats.

article thumbnail

What are Simplified Acquisition of Base Engineer Requirements (SABER)

Building Information Management

Offerors propose coefficients for costs such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. This approach recognizes that a contractor’s overhead decreases as workload increases. Experience reveals key players are CE, contracting, legal, and other affected functional areas.