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Michael Shiplett, a regional director at Gordian, presents on job order contracting (JOC) and calculating an adjustment factor. He explains that JOC is an indefinite delivery/definite quantity (IDIQ) contract, allowing contractors to perform significant work with a single bid. Central to JOC is the price book, known as the construction task catalog, which includes unit prices for tasks. Each unit price covers labor, materials, and equipment, and it also features prices for installation and demolition. The presentation aims to clarify the mechanics of JOC and detail the process for calculating adjustment factors, ultimately highlighting JOC's value proposition in construction management.