Blogs

The Importance of Matching Volume to Contractor Capacity in JOC Procurement Strategy

JOC takes an investment from both owners and contractors.  There is the concrete investment in cost data and software, but that pales in comparison to the investment in training staff in use of the cost data and JOC process.  In addition, there is the front-end and continuing investment in the rela...

Ten Mid-July Economic Nuggets

The outlook for public sector construction spending is receiving a boost from naturally occurring tax increases. As consumer spending and retail sales improve, sales tax revenues increase; as jobs and earnings rise, income tax receipts climb; and as home prices experience further lift, property tax ...

Consider a Seed Project as Part of Your JOC Procurement Strategy

Using a seed or sample project in the bidding or proposal phase is a less common and emerging  JOC best practice that is designed to meet some of the challenges owners face in Job Order Contracts, and we find ourselves recommending it more and more.  The primary advantages of a seed or sample proje...

The Best Unit Price Book for Your Job Order Contract

One of the most difficult decisions in standing up a Job Order Contract is the owner's decision about what type of Unit Price Book (UPB) is best for your JOC program.  UPB's have traditionally come in two flavors: Commercial off-the-shelf estimating guides like those produced by RSMeans (Facil...

A Dozen Mid-June Economic Nuggets

Just when you thought it was safe to follow politics again, Eric Cantor of Virginia, House Leader of the Republicans, suffers a stunning defeat in his own primary from Tea Party challenger, David Brat, an economics professor of all things. Elsewhere, old-guard Republicans have been holding off assau...

Fixed the port, time to fix the road: Motoring on from the WRRDA to the Highway Trust Fund

Every now and again the Washington politicians set their differences aside and do what is right for the country. Recently, they did so by passing the Water Resources Reform and Development Act (WRRDA), which was signed into law by the President. The law provides for badly needed improvements to exi...

Economic Nuggets – June 4, 2014

Economic nuggets from the past two weeks, news headlines and industry publications The second estimate of first quarter 2014 real (inflation-adjusted) gross domestic product (GDP) growth was revised from +0.1% to -1.0% at a seasonally adjusted annualized rate (SAAR), graphic evidence of the advers...

Thirteen Mid-May Economic Nuggets

The world economy at this time is a patchwork quilt of industrial sectors that are doing well in one country but poorly in another. Picture clarity is further being confused by public sector policies that are meeting with successes in one jurisdiction but failing elsewhere. Within this context and w...

ECONOMIC NUGGETS – April 2, 2014

Economic nuggets from the past two weeks/ news headlines and industry publications.   Janet Yellen, the new chairperson of the Board of Governors of the Federal Reserve System, survived her first press conference. She learned the hard way the weight her words carry when asked when the Fed was l...

Thirteen Mid-March Economic Nuggets

The following are Economic Nuggets "ripped" from the latest data releases and media headlines. It seems there’s always something. The beginning of this year has been plagued by truly dismal weather. It’s been one of the worst winters on record, with businesses shut down in many parts of the U.S. a...

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