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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 ...
Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield ...
Project plan is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed. [7]
The CSI Project Delivery Practice Guide (PDPG) is the introductory volume in the Practice Guide Series. The PDPG presents an overview of the process needed to conceive, design, construct, and maintain a construction project. This Guide describes the many parts of that process and the inter-related roles of the various participants in the process.
Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.
The Classification of types of construction (CC), is a nomenclature for the classification of constructions (i.e. buildings) according to their type. It is based on the CPC that was published by the United Nations in 1991. Its final version was approved in 1997. [1] [2]
The construction documents will also play a major role in estimating. [3] Pre-construction services grew out of construction cost estimating to encompass the other activities in planning a project. [4] The intent is to work with the project's owner to help deliver a satisfactory project that meets the owner's objectives.
It may be the entity who first designed the part (that is, the ODA), but today it is also likely to be a designated successor entity, owing to mergers and acquisitions (M&A) activity (e.g., ODA company was bought by CDA company); contract letting (e.g., an Army engineering department ODA turns over the design activity to the prime contractor ...