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hi im michael shiplett and im a regional director at gordian todays 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 well talk again about how to calculate an adjustment factor for these programs and then well 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 jo