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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 Profit and risk. General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance.

Insurance 238
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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

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Understanding Design Defect Legal Liability

Construction Business Owner

As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase. This affects the management of the project, insurance, bonds and, ultimately, profit on a project.'

Liability 172
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Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Below, let’s discuss the importance of construction KPIs and critical metrics your company should be measuring to affect profits and productivity. Similarly, although basic construction project metrics concern costs and time, profit isn’t the only performance issue to measure. Key Takeaways. Average revenue per hour worked.

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Purchasing Staffing Ratio: What Should It Be?

Pro Builder

How to figure out proper staffing in your purchasing department to balance costs and value with profitability. Such deficiencies will most likely have a ripple effect on construction, suppliers, installing trades, and certainly on your profits. On the resource-consuming Richter scale, custom options are about a 9.0

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Business Plan. Final Thoughts.