Remove Compensation Remove Overhead Remove Risk
article thumbnail

Creating a JOC Coefficient?

Job Order Contracting

General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. Workmen’s compensations insurance. Subcontractor mark-ups. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9. Social security contributions. General insurances.

Insurance 264
article thumbnail

Hilti Unveils Semi-Autonomous Overhead Drilling Robot, Called Jaibot

Construction Junkie

Hilti , known for its wide selection of power tools and fastening applications for the commercial construction industry, recently took a step outside the box when they announced the release of an exoskeleton to help relieve the bodily toll overhead work takes on workers. courtesy of Hilti.

professionals

Sign Up for our Newsletter

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

article thumbnail

Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The following is a list of items that are generally considered when a contractor is developing a JOC coefficient.

Contract 100
article thumbnail

Prepare for Management Compensation and Bonus Reviews

PSMJ Resources

If you serve government clients, you should be prepared to support your management compensation and bonuses as the year end approaches. There is increased concern among various segments of our public sector clients over compensation and bonuses in A/E firms. Generally, this requires that you have survey support for base salaries paid.

article thumbnail

Estimating- The New Normal

Chianelli Estimating

Until Contractors receive any new OSHA Regulations or Insurance Companies analyze risk, the effects to their Estimating Departments approach will be challenged to allow for the potential of increased costs: both Direct & Indirect. Insurances; Workers compensation, General Liability, Risk. Tool & Equipment rentals.

article thumbnail

CCIP & OCIP: A Guide to Controlled Insurance Programs in Construction

Levelset

They are also frequently written to include umbrella insurance and workers’ compensation insurance (in monopolistic states, where workers compensation is run through the state, CIPs are available without this coverage). Whether the policy is controlled by a contractor or owner, an OCIP or CCIP policy reduces project overhead.

article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

This includes tracking revenue, job costing, payroll, and managing several contracts and project risks simultaneously. To make things even more complex, items that you might consider overhead expenses are often actually costs of goods sold because they are connected to a client project. What to Include in Construction Job Costing.