Remove Compensation Remove Negotiation Remove Overhead
article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. coefficient (reference table of allowable overhead). authorization.

Contract 100
article thumbnail

No Damages for Delay: What It Means and What Can You Do

Best Practices Construction Law

If this happens, you want to know that you can recover your losses for additional labor, extended overhead, and other monetary damages. You may be entitled to additional time, as specified by the contract, but the clause can absolutely prohibit claims for additional compensation. In the recent case of Plato General Construction v.

Claims 48
professionals

Sign Up for our Newsletter

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

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. TO negotiation. Coefficients. The team can decide how many coefficients to use. 3.6.4.3.

article thumbnail

Solving the Labor Shortage in 12 Steps

Pro Builder

They’d rather negotiate their way to a solution than manage by brute force. Some days you may have to remind them that they pay workers’ compensation premiums, too, and participation in safety education and enforcement is in their own best interests.

Schedule 119
article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

See also Overhead, Indirect cost. See also, Overhead, General & Administrative Cost, Distributable. Labor burden is the cost of payroll taxes and insurances (such as Workers'' compensation) which the employer must pay to employ workers. Wage rate - The agreed monetary compensation per hour for a person to accomplish work.

article thumbnail

Best Practices for Multiple Award IDIQ – Task and Delivery Order Contracting

Building Information Management

The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. Interagency usage can serve to reduce the overhead associated with multiple acquisitions. These contracts have much of their pricing determined by pre-award competition.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

The Owner will be required to deliver such materials to the job site or compensate the Contractor for providing labor to deliver Owner-furnished materials to the job. Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). Subcontracts.