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New contractors, like all contractors, face challenges around workload: cash flow, staffing and contracts. A savvy new contractor is one who anticipates and protects their fledgling business against the many challenges both on the jobsite and back at the office. Construction Insurance. Section In the Office. Main Image.
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.
General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.
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. Office management and equipment.
Job Order Contracting Training Note – JOC Coefficient. The post Job Order Contracting Training Note – JOC Coefficient appeared first on 4BT. A JOC coefficient is a factor, typically ranging from 0.80 The items to be considered when a contractor creates a JOC coefficient vary according to the specific JOC Program.
Best Practice Job Order Contracting. The DOD has long been recognized as the leader in best practice job order contracting. Thus while County, State, and Local Governments in general have a ways to go in deploying Best Practice Job Order Contracting, the potential benefit are certainly worth the effort. Note that for.
For example, if you are looking to build a commercial retail and office space, it would probably be a bad idea to hire a contractor with a home improvement license only. These meetings provide a perfect opportunity to verify their license and insurance. Always ask for proof of insurance. Ask For A Written Contract.
A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. The contract may consist of a collection of proposed institutional facilities type projects. The JOC will remain in effect for one year from date of contract award.
What’s in a JOC Coefficient should be specifically detailed in the Job Order Contract Request for Proposal. Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Employee payroll taxes, insurance, and fringe benefits.
A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.
A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .
Digital plans and virtual binders eliminate the need for expensive blueprints and large job binders and filing cabinets full of outdated paperwork to be carried around the office and jobsite. Software that easily itemizes money that is going out will help you recognize where contracts should be renegotiated, or vendors changed.
Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e.,
For construction projects incorporating a consolidated insurance program -- otherwise known as a “wrap” -- make sure there is adequate contract language in place to deal with such an arrangement, Sherman & Howard’s Christopher Mosley advised professionals attending a recent WPL Publishing webinar. Read more.'
Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.
It includes coordinating with owners, architects, suppliers, subcontractors, the back office accounting and financial staff, and, of course, managing the work being done by the crews out in the field. Often, the people making financial decisions in a contracting company aren’t the ones seeing jobsites on a daily basis.
Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.
INSURANCE |. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. If the answer was no to any one of these, you have an opportunity to make your accounting office operations much easier. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. April 2012.
INSURANCE |. Some of us remember the “dark ages” of going back and forth between job sites and the office. With the adoption of cell phones, we no longer had to physically go back and forth between the office and the field – we could make a phone call to connect the two. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
INSURANCE |. There is wonderful technology available for the field and for back office operations. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.
INSURANCE |. The Office, The Field, and Technology. There’s no better example of the business silo in construction than the separation that many companies experience between field operations and office management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. August 2012.
To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.
INSURANCE |. Recent Comments Diyona Joe on Top 5 Trends in Construction Software Construction services on Top 5 Trends in Construction Software Construction services on Lessons in Construction Leadership Yunz Contracting on Marketing Your Construction Business Yunz Contracting on Safety is More than a Mission Statement Archives.
INSURANCE |. And there are plenty of advantages to “mobilizing” your construction company: improved communication between field and office. real-time data updates at the office , leading to better reporting and better data on which to make decisions. the ability to send progress photos from the job site to the office.
INSURANCE |. Distances between job sites and the office continue to increase as companies go further and further from their home base to do work. A friend of mine had a foreman who hated doing his paperwork, which consisted primarily of approving and submitting timecards to the office. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
INSURANCE |. Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide! STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.
INSURANCE |. With backlogs down and work less plentiful, field supervision has come into the office and become an integral part of the estimating process. During the boom years, it was unheard of to bring a superintendent into the office for a planning event and definitely far-fetched to have them assist in the estimating process.
INSURANCE |. That fancy new tablet to easily transfer data from field to office will do you no good if you don’t have a system to code and process the information. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.
It’s also about keeping in tune with your employees whether they work in the office, in the field, or as part of the on-site team. Health insurance benefits. Make sure your workers know about all the benefits that come with their employer-sponsored health insurance. Provide healthy food options.
INSURANCE |. It seems that the smart phone is nudging some “back-office” business functions to the field, as construction firms use software to enter data in real-time and to make on-the-spot adjustments at the jobsite. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.
Job Order Contract Coefficient – Training 101. UNDERSTANDING a Job Order Contract COEFFICIENT. Employee payroll taxes, insurance and fringe benefits. insurance costs. Mobilization and close out for the total contract and each task order. Office management and equipment. All waste and excess material.
INSURANCE |. I feel confident in saying that we’ve never created construction software on our own, sitting in our Seattle offices. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.
This adjustment takes just a few seconds and will insure that you get good vertical angle readings with just one measurement. A line close to the office with a large difference in elevation will provide the best results. Bubbles can be examined by establishing a check station under a doorway in the office.
INSURANCE |. And, let’s face it: the kind of individual driven to be a general contractor is often not the kind that relishes tedious office work and long hours spent analyzing numbers. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.
INSURANCE |. Once in awhile, I’ll close my office door, sit back with a cup of coffee and compare the Foundation Software of today with a snapshot of the company several years prior. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. April 2012.
INSURANCE |. Project Team Members: Whether they work in the field, are in the office, or outside of your company, everyone who touches a project is part of your team. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.
Your company’s construction financials no longer need to reside on servers, making it easier to use outside of the office and creating a much better environment for integrations with other software.
An experienced CFO like Mary is especially imperative on bigger, more complex projects with multiple players, lots of moving parts, and special considerations on everything from bonding capacity to construction contract structuring and financing. Risk Manager and Safety Officer.
INSURANCE |. With this technology, management can access up-to-date business information anytime, anyplace and field staff can stay better connected to the office and to each other. The growing wave of business software over the Internet holds particular promise for the business of construction contracting. STRATEGY |.
INSURANCE |. If you make multiple copies of every invoice coming into your office, you know what I’m referring to. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.
INSURANCE |. Connect the Field to the Office. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. April 2012.
INSURANCE |. Now that the holidays are over and all of the massive amounts of breads, cookies, candies, and pies have suddenly disappeared (at least they have from my office) it’s time to make those New Year’s resolutions. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Green Building.
INSURANCE |. Our customers told us they wanted to be able to access Spectrum anywhere – whether they were in the field, the office, or snowed in at home. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.
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