Remove Negotiation Remove Overhead Remove Travel
article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

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. Job Conditions.

Contract 100
article thumbnail

What are Independent Government Estimates – IGEs?

Building Information Management

This means the estimate should include (1) the direct costs incident to the construction; (2) an allowance for indirect or overhead costs; and (3) an allowance for a reasonable amount of profit. This price would include the cost of cement, aggregate, reinforcing steel and forms, but it usually excludes all 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

New And Restarting Contractors

Contractor Bookkeeping

They seek out "Clients" who respect them and pay a fair price for their services, not "customers" who want to chisel, negotiate and try to get something for nothing. As their business grows they like to take time off and enjoy travel and vacations. This Means You Have Overhead - Not just office overhead, you have field overhead too.

article thumbnail

Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price. 1 Your dispatcher can group service agreement calls together saving travel time. #2 Non-service agreement customers are more likely to be customers and fickle.

article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

See also Overhead, Indirect cost. See also, Overhead, General & Administrative Cost, Distributable. Examples: safety meeting, travel time, clean up time, wash up time, etc. Overhead - In business, overhead or overhead expense refers to an ongoing expense of operating a business; it is also known as an "operating expense."

article thumbnail

Rory Woolsey's Construction Estimating Blog: Losing Your Shirt.

Rory Woolsey

As you travel south the road signs point you in a direction that does not match the plan causing great consternation to the driver. Hasty plans make for troubling travel. “Negotiating” JOC. Failing to Plan is Planning to Fail: Imagine a trip from Seattle to San Diego using a road map to Dallas, Texas. Blog Archives.

article thumbnail

Best Practices for Multiple Award IDIQ – Task and Delivery Order Contracting

Building Information Management

Use good judgement to ensure that travel costs do not become excessive. The contractor’s coefficient is based on cost elements such as overhead, profit, minimum design costs, G&A expenses, bond premiums, and gross receipt taxes. Interagency usage can serve to reduce the overhead associated with multiple acquisitions.