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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. All waste and excess material. Sales tax on material and equipment costs. Sales tax on material and equipment costs.

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 waste and excess material. Sales tax on material and equipment costs.

Contract 100
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Consistent Delivery of On-time, On-Budget, Quality Renovation, Repair, and Construction

Job Order Contracting

Coefficient make up defined in contract and examples of items that may be including are overhead, profits, taxes, fringe benefits, permits, clean up. (Specifically for Job Order Contracting, though Integrated Project Delivery is similar and used for major new construction). Owner competency and leadership.

Budgeting 100
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Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

Cost of Goods Sold ( Direct and Indirect Costs including Labor, Material, Other and Subcontractors). Other costs including permits, plans, bills from suppliers, and purchases on your personal credit cards. Job Deposits. These tasks form the solid foundation of your small business.

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Measurement Fails in Business, Part II: Real-World Examples and Solutions

Pro Builder

Following each shift, we updated the steel report, which showed the tonnage of raw material—in the form of 10-ton ingots—that went in the front end and the quantity of rolled I-beam product that came out the back. To balance the material coming in, the gambit was to make deals and trade ingots, mostly on paper, with another mill.

Permits 98
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What are Preliminaries in Construction Contracts?

Lets Build

Preliminary costs in construction impact your entire project, and you’ll find that they cover a broad range of equipment, labour, and materials. With more contracts becoming collaborative , contractors are taking on more and more design work to put their material and methods expertise to use. What are prelims? Site-based services.

Contract 144
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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. All waste and excess material. Sales tax on material and equipment costs. subcontractor’s overhead and profit. Sales tax on material and equipment costs. Permits, licenses and fees.