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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. How to Prepare for Unexpected Risk Exposure. Alex Headley.

Risk 356
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Contractors Equipment Insurance

Construction Business Owner

Understanding contract provisions and exclusions could save you a fortune.

Insurance 159
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Creating a JOC Coefficient?

Job Order Contracting

Creating a JOC coefficient is an important part of any Job Order Contract. Specific instructions as to what may be included in a JOC coefficient should also be listed in detail in the associated Request of Proposals (RFP) for Job Order Contracting construction services. Equipment. General insurances. Materials.

Insurance 264
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How to Get Large Group Health Insurance Plans for Contractor Business Employees

Construction Marketing

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. Though, they usually don’t get the same benefits as full-time employees, and must provide their own equipment for jobs. What is a 1099 Employee?

Insurance 156
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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

Army Job Order Contracts fail to meet critical AFARS requirements most of the time. The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price.

Contract 264
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Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

UNDERSTANDING THE CONTRACTOR’S JOB ORDER CONTRACT COEFFICIENT. A Job Order Contract Coefficient is a numerical factor that represents costs (generally indirect costs) not included in the unit price line items within the Unit Price Book, UPB, associated with the Job Order Contract. Sales tax on material and equipment costs.

Contract 100
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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. In the public sector contracts may require Davis Bacon Wage Rates or prevailing wage rates, or both, with the usage of the higher of the two. Liability insurance based upon local contractor rates is also added as a percentage. Equipment Costs.