article thumbnail

The Value Of Service Agreements In Your Construction Company

Contractor Bookkeeping

Service agreement holders are more likely to be clients who add more value to your construction company because they represent your customer base's most loyal segment. Every service agreement customer represents future work. Non-service agreement customers are more likely to be customers and fickle.

Agreement 106
article thumbnail

Job Order Contract Cooperatives – WHEN and HOW to Use Them

Job Order Contracting

JOC Cooperatives enable organizations to speed the procurement of renovation, repair, maintenance, and new construction services (based upon applicable statutes) using a “Master Agreement” and within the basic structure/process of an “owner managed” JOC Program.

Contract 244
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Create an Independent Government Cost Estimate

Job Order Contracting

The IGCE consists of the anticipated costs to include direct costs (labor, products, equipment, travel, and transportation), indirect costs (burden on labor such as fringe benefits and labor overhead), material overhead, general and administrative (G&A) expenses, and profit. Contractor profit and overhead are NOT included. #4.

article thumbnail

Selling a House with Solar Panels is Not for the Faint of Heart

Green Building Law Update

You understand and agree that this is a lease and not a sale agreement. The solar lease, as well as any power purchase agreement need to be considered in light of federal and state law (including tax laws) that stimulate new possibilities including create profit. The Company owns the solar panel system for all purposes.

Leases 232
article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Why Sell Service Agreements? Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. Every service agreement customer represents a future work.

article thumbnail

Rethinking Job Order Contracts

Job Order Contracting

Depending upon applicable regulations, an owner may be able to issue an RFP for a JOC Program and engage in self-management, or an owner might be able to take advantage of an existing Job Order Contract if it is structured for multiple owner use, An owner may also be able to participate using via a Cooperative and and inter-local agreement.

Contract 258
article thumbnail

Jacobs’ 4Q profits drop amid higher backlog, strategy shift

Construction Dive

The Dallas-based company entered into a definitive agreement to spin-off and combine its Critical Missions Solutions and Cyber & Intelligence government services businesses with Amentum, a global engineering and technology solutions provider.