Remove Books Remove Cost Control Remove Procurement
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Role of Pre-Construction in Success

Job Order Contracting

The Critical Role of Pre-Construction in Success Pre-construction is the phase of a project where the greatest influence on cost, schedule, and quality outcomes can be achieved. This involves integrating planning, procurement, and delivery activities under a single framework that emphasizes collaboration, transparency, and shared risk/reward.

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How Construction Firms Adapted to IFRS 16

UK Construction Blog

Suddenly, leases that were once off the books now had to be accounted for right on the balance sheet. This task often required cross-department collaboration between finance, procurement, and legal teams. With lease liabilities now visible on the books, banks and investors had a clearer picture of a company’s financial health.

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Costs Effective JOC Programs

Job Order Contracting

Job Order Contracting (JOC) programs can be cost-effective for organizations needing to complete multiple, often recurring or small-to-medium-sized construction projects. Note: Paying a percentage of JOC construction volume as a fee for JOC products or services can prove costly and negate any potential cost savings.]

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Unit Price Book Selection

Job Order Contracting

A locally researched , detailed line item Unit Price Book is an important consideration for any JOC Program, and any repair, renovation, repair, maintenance, or new construction project. The fundamental objects become assigned cost drivers for the specific task. The post Unit Price Book Selection appeared first on 4BT.

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Collaborative Construction Procurement Planning and Project Delivery = Best Value Outcomes

Job Order Contracting

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Parametric cost modeling, area cost factors, location factors, etc., are not suitable for work scope developing or costing.

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Controlling Job Order Contract Costs

Job Order Contracting

Controlling the Costs of Job Order Contract Work Orders. While Job Order Contracting can provide significant benefits over traditional construction services procurement and project delivery methods, controlling Job Order Contract Costs is a key consideration.

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Learnings from JOC Program Audits and AEC Industry Research

Job Order Contracting

Lack of direct Owner participation and leadership (versus using a third party intermediary/consultants) can result in higher overall costs, higher JOC Program administrative costs, lack of cost visibility and controls, and a potential for misuse/fraud. if the unit price book is prepared correctly.