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  2. Statement of work - Wikipedia

    en.wikipedia.org/wiki/Statement_of_work

    The master service agreement serves as a master contract governing the terms over potentially multiple SOWs. Sometimes it refers to scope of work. For instance, if a project is done on contract, the scope statement included as part of it can be used as the SOW since it also outlines the work of the project in clear and concise terms. [3]

  3. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    A commercial contract is an agreement containing all the work that should be performed for the construction of a commercial building or non-residential building. A skillfully constructed commercial contract can protect both parties' interests, minimize risks, and increase profitability for the contractor.

  4. 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.

  5. 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 ...

  6. Specification (technical standard) - Wikipedia

    en.wikipedia.org/wiki/Specification_(technical...

    The standard listing of construction specifications falls into 50 Divisions, or broad categories of work types and work results involved in construction. The divisions are subdivided into sections, each one addressing a specific material type (concrete) or a work product (steel door) of the construction work.

  7. Lump sum contract - Wikipedia

    en.wikipedia.org/wiki/Lump_sum_contract

    A Contractor under a lump sum agreement will be responsible for the proper job execution and will provide its own means and methods to complete the work. [6] With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender ...

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