Remove Definition Remove Insurance Remove Overhead
article thumbnail

Definition of a Job Order Contracting / Job Order Contract / JOC – Coefficient or Adjustment Factor

Building Information Management

Section 5117.9001: Definitions. general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). Subpart 5117.90: Job Order Contracts.

article thumbnail

JOC Tutorial #71 – Terms

Job Order Contracting

c) “Job order” – a firm, fixed priced, lump-sum order issued by an organization to a job order contractor for a definite project scope of work as compiled from the unit price book to be performed pursuant to a job order contract. (d) The prices shall not include overhead and profit.

professionals

Sign Up for our Newsletter

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

article thumbnail

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

Job Order Contracting

AFARS) The above definition of a unit price book clearly notes the requirement that the JOC unit price book reflect both local and current costs for the work to be performed using JOC. 5117.9001 Definitions. Coefficient” means a numerical factor that represents costs (generally indirect costs) not included in JOCPB unit prices (e.g.,

Contract 232
article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

DEFINITIONS. coefficient (reference table of allowable overhead). ORGANIZATION NAME Technical Staff / Facilities Management Department Representative(s) and authorized ORGANIZATION NAME Procurement Authority review the Contractor’s Proposal. The UPB costs should NOT include contractor overhead and profit. authorization.

Contract 100
article thumbnail

Myths Behind Construction Estimating

Construction Cost Estimating

Proper estimate can reveal the true cost of executing the service in a construction company that contains materials, labor, equipment, subcontractors and overhead as well as preferred profit margin. The estimate can also includes the viable nature of the market one is involved. Speed is the most crucial factor in an estimating process.

article thumbnail

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Just the bare labor component includes adders such as fringe benefits, unemployment insurances (federal and state), social security taxes, public liability costs, and builders risk insurance.

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

Lay the sheathing: Registration, licensing, and insurance. Get the proper license and insurance according to your state’s requirements. Once you’re registered, licensed, insured, and financially prepared, you’re ready to start thinking about how to grow your roofing business from the ground up. Set goals for your business. “The