Here’s an example of a JOC Program workflow.
Objective, current, and verifiable data and a robust collaborative workflow form the foundation of a successful JOC Program. For example, cost analysis, a critical component of any JOC Program Workflow becomes meaningless if the unit price book is not locally researched, or simply wrong. A locally researched, current unit price book is a prerequisite to a good estimating outcome and associated review and approval process.
Objective, quantitative cost data that represent local market conditions cannot be found within national average cost data books, city cost indexes, or historical cost data.
via 4BT.us – Best value JOC Program solutions.
UPB = Unit Price Book, i.e. 4BT JOC Unit Price Book
General Conditions = Indirect Costs
OHP = overhead and profit
Coefficient = Adjusted UPB + general conditions/OHP %