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Soft Cost is a construction industry term but more specifically a contractor accounting term for an expense item that is not considered direct construction cost. Soft costs include architectural, engineering, financing, and legal fees, and other pre- and post-construction expenses. [1]
Facility Construction Subgroup. Division 02 — Existing Conditions; Division 03 — Concrete; Division 04 — Masonry; Division 05 — Metals; Division 06 — Wood, Plastics, and Composites; Division 07 — Thermal and Moisture Protection; Division 08 — Openings; Division 09 — Finishes; Division 10 — Specialties; Division 11 — Equipment
OCM – offshore construction manager; OCS – offshore construction supervisor; OCTG – oil country tubular goods (oil well casing, tubing, and drill pipe) [23] OD – outer diameter (of a tubular component such as casing [citation needed]) ODT – oil down to; OFE – oil field equipment; OFST – offset vertical seismic profile
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
Whether carrying PIP coverage or the liability minimums, it is important to remember only purchasing the minimum coverage is more likely to result in a higher risk of out-of-pocket expenses. For ...
The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.
A large number of Indian Standard (IS) codes are available that are meant for virtually every aspect of civil engineering one can think of. During one's professional life one normally uses only a handful of them depending on the nature of work they are involved in. Civil engineers engaged in construction activities of large projects usually have to refer to a good number of IS codes as such ...
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