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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 ...
The Oxford English Dictionary gives no etymology for "tog" other than its definition by Peirce and Rees. [4] According to Collins Dictionary, the unit "tog" is derived from "tog" meaning clothes. [5] Chambers Dictionary states "Etymology: 1940s: perhaps from tog [as clothing]". [6] The backronym thermal overall grade is in common commercial use.
This involves reviewing the project's plans and specifications to produce a take-off or quantity survey, which is a listing of all the materials and items of work required for a construction project by the construction documents. Together with prices for these components, the measured quantities are the basis for calculation of the direct cost.
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 ...
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 ...
The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.
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A CBA may be used to compare completed or potential courses of actions, or to estimate (or evaluate) the value against the cost of a decision, project, or policy. It is commonly used in commercial transactions, business or policy decisions (particularly public policy), and project investments.