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In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.
This is an example of a lag in a Start-Start relationship. In accordance to PMBOK a lead is "the amount of time whereby a successor activity can be advanced with respect to a predecessor activity For example, on a project to construct a new office building, the landscaping could be scheduled to start prior to the scheduled punch list completion ...
50 Divisions refers to the 50 divisions of construction information, as defined by the Construction Specifications Institute (CSI)'s MasterFormat beginning in 2004 ...
The following is a list of trades in construction. Bell hanger installs mechanical and electrical bell systems; Boilermaker, works in nuclear, oil and gas industry, shipyards, refineries, and chemical plants, on boilers, pressure vessels, and similar equipment. Carpenter, a craftsperson who performs carpentry, building mainly with wood. [1]
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 ...
The Construction Specifications Institute (CSI) is a United States national association of more than 6,000 construction industry professionals who are experts in building construction and the materials used therein. The institute is dedicated to improving the communication of construction information through a diversified membership base of ...
In this podcast, Motley Fool host Dylan Lewis and analysts Ron Gross and Jason Moser discuss: What the December Fed minutes, latest jobs numbers, and final holiday shopping figures tell us about ...
A split-50 M-type 66 block with bridging clips attached. A 66 block is a type of punch-down block used to connect sets of wires in a telephone system. They have been manufactured in four common configurations, A, B, E and M. [a] A and B styles have the clip rows on 0.25" centers while E and M have the clip rows on 0.20" centers.