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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.
Here are a few suggestions for planning out your final project. (Some of these can be small and incremental projects; so we also suggest that you try out one or two, in addition to whatever you choose for your final project.) This will give you good exposure to a variety of approaches to editing Wikipedia.
The project goal is to directly support the handover of building equipment maintenance information while addressing references to objects outside of the building domain. For example, a potential future project, FM Handover - Tunnel Maintenance, would simply replace the IFC objects for buildings with those that describe maintainable items in the ...
Project control is that element of a project that keeps it on track, on time, and within budget. [41] Project control begins early in the project with planning and ends late in the project with post-implementation review, having a thorough involvement of each step in the process. Projects may be audited or reviewed while the project is in progress.
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]
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People reporting on the culminating project sometimes confuse the terminology with the state high school exit exam.The state exit exam is a written exam that usually tests student's math, reading, writing, and science skills, whereas the culminating project is a required project that is usually a learning experience based on a topic chosen by the student.
A turnkey, [1] a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. This is contrasted with build to order , where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the ...
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