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Is Subcontractor Default Insurance Right for Your Company?

Construction Business Owner

For some construction management firms, subcontractor default insurance policies offer a viable alternative to performance bonds. Often, subcontractor default insurance policies are procured in connection with a single large project and as a component of an owner-controlled insurance program.'

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Unit Price Construction Cost Estimating

Job Order Contracting

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. for the local market. Contact Us.

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Facilities Total Cost of Ownership

Job Order Contracting

Facilities Total Cost of Ownership (TCO) is a holistic, multidisciplinary approach to managing all the “costs” associated with ownership of a facility (or any built structure) over its lifespan, from planning, through procurement, construction, operations and maintenance, and disposal/recycling.

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Construction Cost Audit Fundamentals

Job Order Contracting

This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes. A construction cost audit and associated checklist are important risk management and LEAN construction planning, procurement, and project delivery tools.

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Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

contact-form] The post Objective, reliable, and veriable Construction Cost Estimates appeared first on 4BT.

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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Material costs are either. 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.

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Considering a Job Order Contract?

Job Order Contracting

Establish a process to prequalify all subcontractors, requiring them at a minimum to be licensed, insured, and have sufficient relevant experience. Before initiating a project through the JOC program, determine if it will result in savings over traditional/other procurement methods.

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