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Deliver countersignature calculated

hi i'm michael shiplett and i'm a regional director at gordian today's presentation is about job order contracting and how to calculate an adjustment factor but first we need to talk about what is job order contracting how does it work understanding the price book which is at the center of each program which is called a construction task catalog we'll talk again about how to calculate an adjustment factor for these programs and then we'll review at the end of the presentation job order contracting is an indefinite delivery and definite quantity type of contract idiq all job order contracts are competitively bid master contract that enables contractors to complete a substantial amount of work with one bid tasks in each one of the job order contracts are based on unit prices every unit price includes an allowance for labor material and equipment the construction task catalog also has unit prices for the installation of an item and for the demolition of an item the value proposition of job order contracting is that it saves the public agency that implements it both time and money it also provides transparency and auditability to the process so how does job order contracting work well think of job order contracting as an umbrella type of contract and underneath that umbrella you can order lots of different scopes of work restroom renovations roofing replacements hvac systems all of those types of scopes at work can be ordered under a job order contract what is the scope of work of a job order contract it's whatever you can find within the construction task catalog the price book becomes the scope of work when an owner would like to engage with the job order contract they simply follow the process of alerting their contractor to the fact that there is a project the contractor looks at the project with the owner and with any subcontractors that may be a part of it the contractor takes their the thorough time to examine the scope of work and any contract drawings that may be a part of it and then they return to their office and they use our system and it gives them electronic access to the construction task catalog they are able to assemble their proposal in the construction task catalog multiplied by the proper quantity for the item multiplied by their competitively bid adjustment factor supplemental job orders are priced the same way along with each individual job order thereafter individual projects will always go through the same process the joint scope meeting is critical to the success for both the owner and the contractor it's during the joint scope meeting that the owner gets to let the contractor know all of the different facets of the job it's at the joint scope meeting where the contractor gets to learn all about the building that they are about to renovate including lifting up ceiling tile to find any maybe unforeseen conditions or pulling up...