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  2. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    The owner, often referred to as the 'employer' or the 'client', [1] has full authority to decide what type of contract should be used for a specific development to be constructed and to set out the legally-binding terms and conditions in a contractual agreement. [2] A construction contract is an important document as it outlines the scope of ...

  3. List of words having different meanings in American and ...

    en.wikipedia.org/wiki/List_of_words_having...

    an embankment on a river (as the Mississippi River) the steep bank of a river, or border of an irrigated field (esp. Southern & Western US) a landing place or quay leverage mechanical advantage of a lever: take advantage of a capability (business) the use of debt finance (UK: gearing)* knowledge not immediately revealed to be used to one's ...

  4. Engineering, procurement, and construction - Wikipedia

    en.wikipedia.org/wiki/Engineering,_procurement...

    Various abbreviations used for this type of contract are LSTK for lump sum turn key, EPIC for engineering, procurement, installation & commissioning and EPCC for engineering, procurement, construction and commissioning. Use of EPIC is common, e.g., by FIDIC and most Persian Gulf countries. Use of LSTK is common in the Kingdom of Saudi Arabia.

  5. Embankment - Wikipedia

    en.wikipedia.org/wiki/Embankment

    Embankment dam, a dam made of mounded earth and rock; Land reclamation along river banks, usually marked by roads and walkways running along it, parallel to the river, as in: The Thames Embankment along the north side of the Thames River in London, England The Victoria Embankment contained within the Thames Embankments

  6. Subgrade - Wikipedia

    en.wikipedia.org/wiki/Subgrade

    Layers in the construction of a mortarless pavement: A.) Subgrade B.) Subbase C.) Base course D.) Paver base E.) Pavers F.) Fine-grained sand Section through railway track and foundation showing the sub-grade. In transport engineering, subgrade is the native material underneath a constructed road, [1] pavement or railway track (US: railroad track).

  7. Contract management - Wikipedia

    en.wikipedia.org/wiki/Contract_management

    Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.

  8. Glossary of construction cost estimating - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_construction...

    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 ...

  9. Time and materials - Wikipedia

    en.wikipedia.org/wiki/Time_and_materials

    Time and materials (T&M) is a standard phrase in a contract for construction, product development, or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractor's employees and the subcontractors' employees to perform the work, and for materials used in the construction, plus the contractor's markup on the materials used, no matter ...

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