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In traditional construction contracts (known as design–bid–build contracts) the principal contractor is only engaged when a detailed design is complete. An invitation to tender is published and a number of contractors will price the construction of the design, from which a single winner will be chosen to complete the works. Contractors are ...
Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project. The process starts with a cost estimate from blueprints and material take offs .
anchor recess A formwork blockout or recess former fitted to the edge formwork of a post-tensioned concrete member, and that creates a temporary void space external to the prestressing anchor to allow the anchor block or similar to be fitted after formwork stripping. [3]: 32 anchor set See wedge set. anchorage assembly
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.
The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...
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 ...
Construction is another profession where precision and attention to detail are crucial. Yet, even with the best efforts, small mistakes can lead to hilarious and baffling results.
For example, Mulberry Fields, a Georgian style building in Maryland, United States, is described as "5 bay by 2 bay," meaning "5 windows at the front and 2 windows at the sides". A recess in a wall, such as a bay window. [2] A division of space such as an animal stall, sick bay, or bay platform. [2]