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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.).

Overhead 100
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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. All costs associated with bonding (specifically including bond premiums).

Contract 100
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The Seven Ages of a Business

Constructonomics

This is an exciting stage when the business exists as a legal entity – it’s providing goods or services to its first customers. Management becomes more formal and accounting needs to be stronger; money comes more from profits, banks and franchising options than from family. Money tends to come from profits, banks and government grants.

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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.

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The Simple Guide to Repair, Renovation, Construction Cost Control

Job Order Contracting

The later includes the builders overhead, profit, and contingencies. Historical performance is not a good predictor when it comes to construction estimating Cost estimates are highly perishable. At minimum cost estimates should be reviewed quarterly. Estimating and pricing are not the same things.

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Estimating- The New Normal

Chianelli Estimating

General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for. Indirect costs can come in various ways and can add up in a hurry vastly cutting into profit. Legal expense. Office Utilities. Office personnel.

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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