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[1] It is possible that Peirce and Rees chose "tog" as a three-letter term, mirroring "clo", based on the informal word "togs" meaning "clothing", which according to the Oxford English Dictionary is a contraction of the 19th century thieves' cant word togeman, cognate with toga, meaning "cloak or loose coat". [3]
Vertical slice is a type of milestone, benchmark, or deadline, with emphasis on demonstrating progress across all components of a project. Virtual design and construction (VDC) is the use of integrated multi-disciplinary performance models of design-construction projects, including the Product (i.e., facilities), Work Processes and Organization ...
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 ...
A rolling punch list is the most common approach towards managing these tasks efficiently and thereby minimizing the likelihood of having to grapple with large number of punch-list items at the end of a major project. A rolling punch list entails constantly verifying the work status throughout the duration of the project, with a rigid closeout ...
Mason, a tradesperson skilled variously in brick and blocklaying, concrete finishing (the placement, finishing, protecting and repairing of concrete in construction projects). [7] Also stonemason, marble setter and polisher, tile setter and polisher, terrazzo worker and finisher. Hod carrier is a subsidiary trade (also see Laborer).
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Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]
The construction project manager is sometimes referred to as an "Owner's Representative." The CM's role is to represent the interests of the Owner throughout the various phases of a project beginning as early as feasibility studies and conceptual planning of the project. Construction Managers help to inform good decision making on behalf of the ...