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2. 16 Divisions - Wikipedia

   en.wikipedia.org/wiki/16_Divisions

   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. In 2004, MasterFormat was updated and expanded to 50 Divisions. [1]

3. 50 Divisions - Wikipedia

   en.wikipedia.org/wiki/50_Divisions

   50 Divisions refers to the 50 divisions of construction information, as defined by the Construction Specifications Institute (CSI)'s MasterFormat beginning in 2004. [1][2][3][4] Before 2004, MasterFormat consisted of 16 Divisions. [5] MasterFormat has continued to be updated and revised since 2004, with new numbers, titles, and a new division ...

4. Schedule of values - Wikipedia

   en.wikipedia.org/wiki/Schedule_of_values

   A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable. See the executed contract agreement for ...

5. Prevailing wage - Wikipedia

   en.wikipedia.org/wiki/Prevailing_wage

   Prevailing wage. In United States government contracting, a prevailing wage is defined as the hourly wage, usual benefits and overtime, paid to the majority of workers, laborers, and mechanics within a particular area. This is usually the union wage. [1]: 1. Prevailing wages are established by regulatory agencies for each trade and occupation ...

6. Schedule (project management) - Wikipedia

   en.wikipedia.org/wiki/Schedule_(project_management)

   In project management, a schedule is a listing of a project 's milestones, activities, and deliverables. Usually dependencies and resources are defined for each task, then start and finish dates are estimated from the resource allocation, budget, task duration, and scheduled events. A schedule is commonly used in the project planning and ...

7. Construction management - Wikipedia

   en.wikipedia.org/wiki/Construction_management

   Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds; Control of the scope of the work; Project scheduling