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Creating a JOC Coefficient?

Job Order Contracting

Contractors must evaluate multiple factors in addition to the associated use of their own capabilities and resources. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. General insurances. Workmen’s compensations insurance. State unemployment insurance. Supervision.

Insurance 224
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4 Mistakes to Avoid in Construction Bidding

Viewpoint Construction Technology

For example, if you completely own a piece of equipment, you probably estimate the amount of fuel that it uses on a job, but may not consider including the depreciation, insurance, maintenance, and other costs associated with running it. Missing the Mark on Profitability. Not Keeping Up with Technology and Construction Software.

Bidding 325
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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. One way to help protect yourself from some of these perils is by having business interruption insurance for construction. What does business interruption insurance cover ?

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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

As a contractor, you rely on the property owner to pay you for your work and materials. In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! As a restoration contractor, you work for the property owner.

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . When this happens, it’s vital to save profit from busy seasons to pay the expenses for the off-season. . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 13) Business insurance. Roofing equipment and materials.

Insurance 295
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Understanding Design Defect Legal Liability

Construction Business Owner

Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts. This affects the management of the project, insurance, bonds and, ultimately, profit on a project.'

Liability 172
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Construction Cost Optimization

Job Order Contracting

Labor Based upon contract requirements, local labor costs may be sourced from published Davis Bacon Wage Rates, or published state data sources, or directly researched local prevailing wage rates with appropriate inclusion markups for worker compensation, unemployment, liability insurance and allowance for small tools and consumables.