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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.
In the US, the Construction Management Association of America (CMAA) states the most common responsibilities of a Construction Manager fall into the following 7 categories: Project Management Planning, Cost Management, Time Management, Quality Management, Contract Administration, Safety Management, and CM Professional Practice. CM professional ...
As a particular note, in Australia in building projects, the superintendent is not the party responsible for co-ordination and scheduling of the trades and work of the contract; this is the responsibility of the head contractor, who will usually employ a site manager, overseen by a project manager, overseen by a construction manager and director.
Construction project management concepts. Construction – in the fields of architecture and civil engineering, is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking. Normally the job is managed by the project manager and supervised by the ...
The construction documents, specifically the technical specifications, require the contractor to submit product data, samples, and shop drawings to the architect and engineer for approval. This is one of the first steps that is taken by the contractor after execution of the construction contract and issuance of the "Notice to Proceed".
Construction – process of building or assembling infrastructure. A complex activity, large scale construction involves extensive multitasking. A complex activity, large scale construction involves extensive multitasking.
Average mortgage rates tick higher as of Friday, November 22, 2024, rounding out a week of moderate but steady increases across popular terms, with the benchmark 30-year fixed rate approaching 7.00%.
Replacing Construction (Design and Management) Regulations 2007, CDM 2015 is the latest update to the regulations that aim to improve the overall health, safety and welfare of those working in construction. These regulations offer a very broad definition of what construction works are- everyone involved in a construction project, including home ...