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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

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Job Order Contracting - Untitled Article

Job Order Contracting

Or… Job Order Contracting is a LEAN procurement and project delivery method for facilities repair, renovation, and minor new construction. Considering a JOC Program? Do your homework! The post appeared first on 4BT.

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Job Order Contracting 2021 and Beyond

Job Order Contracting

Job Order Contracting 2021 is a competitively bid, firm, fixed-price, indefinite quantity contract, and integrated planning, procurement, and project delivery program for as-needed construction services. If a UPB is properly created it consists of “bare costs” only (no contractor overhead or profit). for normal work hours.

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

Job Order Contracting

Best Value Procurement Competitively Bid. Shared Risk/Reward. Coefficient make up defined in contract and examples of items that may be including are overhead, profits, taxes, fringe benefits, permits, clean up. Minimum and Maximum Dollar Values (Per Contract, Per Job/Task Order). Shorter Project Delivery Times.

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LEAN Construction for Facilities Renovation, Repair, Minor New Construction

Job Order Contracting

Benefits of JOC: Reduced procurement costs and time. Risk reduction. Value-based procurement. Reduced overhead for both owner and contractor. Using JOC as a method to bypass traditional procurement versus a best value delivery system. Shorter overall project delivery times. Faster response times. Few change orders.

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Factoring material waste into the equation can reveal how many additional supplies you should procure to prevent delay. Determine indirect expenses You must estimate insurance, bonds, indirect field expenses and overhead costs. Integrating overhead expenses into estimates accurately is simple.