Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 1-1 of 1 result for “Job Order Contracting (JOC)”

  • Job Order Contracting (JOC)

    Based on a competitively bid indefinite delivery-indefinite quantity (IDIQ) contract between a facility owner and a construction contractor. The contract typically has a base year with 2 to 4 option years. The contract sets parameters such as the types of work that can be done, location of work, design criteria, and maximum amount of work to be awarded. The contract also has a unit-price book (UPB) that establishes a unit price to be paid for each of a multitude of construction line items. The contract's price is put in terms of a coefficient, which is a multiplier that covers the contractor’s overhead and profit as well as any adjustments between the UPB and actual local prices. (Burt, Dobler, & Starling, 2003)