Millennium Project Solutions, Inc. is a seasoned JOC Contractor.
JOC is a contracting procedure that allows for the award of a competitively negotiated, firm, fixed price, indefinite quantity contract to a contractor. The contract is bid by firms based on pricing that encompasses several upcoming construction tasks in a Unit Price Book. The Unit Price Book reflects labor rates, construction material, and construction procurement costs in the area. Each contractor bids on the proposed umbrella contract by giving a coefficient that includes overhead, profit, bonds, insurance, and contingency costs. A typical contractor may submit a bid with a factor of 1.25, then each work item anticipated in the scope of work and established in the Unit Price Book is multiplied by 1.25 for a particular project. This allows the owner the opportunity to evaluate each contractor on performance and qualifications knowing that the fixed price has already been established.
Why Use Job Order Contracting?
Partnering between the agency and contractor for the long term on several projects gives an increased incentive to the contractor for several additional projects based on quality performance.
Having already bid out the contract allows the agency to acquire the services of the JOC contractor much quicker.
A long term relationship based on performance motivates the contractor to impress the owner with fast, dependable, quality service in order to receive the maximum possible amount of work.
- Line by Line Approval
The initial approval of the Unit Price Book between the owner and the contractor allows for simple contract documents that contain only the specific tasks of the project.
- Time and Cost Savings
The administrative and time costs born by the owner in traditional methods are eliminated with the umbrella approval of a Job Order Contract.
- Owner Risk
The owner can stop the contract at any time after which the contract minimum has been reached.
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