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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 latest officially released version of MasterFormat is the 2018 Edition, which uses the following Divisions: PROCUREMENT AND CONTRACTING REQUIREMENTS GROUP:
The PSI was developed based on the AASHO Road Test's present serviceability rating (PSR). AASHO Road Test was a set of experiments carried out by the AASHTO from 1956 to 1961. [4] Unlike the PSR, which was a ride quality rating that required a panel of observers to ride in a car over the pavement of interest, the PSI does not require a panel of ...
There are four distinct classes of SSR, each one of them representing a characteristic vertical length scale; the first class includes microrelief variations from individual soil grains to aggregates on the order of 0.053–2.0 mm; the second class consists of variations due to soil clods ranging between 2 and 100 mm; the third class of soil ...
Price–sales ratio, P/S ratio, or PSR, is a valuation metric for stocks.It is calculated by dividing the company's market capitalization by the revenue in the most recent year; or, equivalently, divide the per-share price by the per-share revenue.
In Singapore the terms plot ratio and gross plot ratio (GPR) are more commonly used. In the United States and Canada, floor space ratio (FSR) and floor area ratio (FAR) are both used. [10] Use ratios are used as a measure of the density of the site being developed. High FAR indicates a dense construction.
A graphical representation of the conceptual differences between project delivery methods. There are two key variables which account for the bulk of the variation between delivery methods: The extent of the integration of the various service providers. The extent to which the owner is directly financing the project.
The difference between this type of contract which is a cost-based contract with lump-sum contract is that in guaranteed maximum price (GMP), if there is any savings resulted from cost under runs, then that would be stipulated price contract, and the contractors will keep the savings obtained from the cost under runs for themselves and there is ...