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  2. Certificate of occupancy - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_occupancy

    The purpose of obtaining a certificate of occupancy is to prove that, according to the law, the house or building is in liveable condition. Generally, such a certificate is necessary to be able to occupy the structure for everyday use, as well as to be able to sign a contract to sell the space and close on a mortgage for the space.

  3. Building regulations approval - Wikipedia

    en.wikipedia.org/wiki/Building_regulations_approval

    It is also quite usual for the final building to differ in some respects to that which received full plans approval, in which case amended "as built" plans are often required to be submitted to the Local Authority. A "completion certificate" is issued upon completion, as long as the completed work complies with the Building Regulations.

  4. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    Sectional completion refers to a provision within a construction contract which allows different completion dates for different sections of the works. This is common in larger projects which are completed in stages, allowing the client to take possession of the completed parts whilst construction continues on others. [27]

  5. Commissioning (construction) - Wikipedia

    en.wikipedia.org/wiki/Commissioning_(construction)

    The systems, equipment, items, processes, modes, and sequences of operations to be tested by the CxP (contractors or others) should be detailed and identified in the design engineer's construction documents (drawings and specifications), the construction request for proposal (RFP), the contractors' bid submission, the commissioning ...

  6. Building inspection - Wikipedia

    en.wikipedia.org/wiki/Building_inspection

    A building inspector may be certified either as a residential or commercial building inspector, as a plumbing, electrical or mechanical inspector, or other specialty-focused inspector who may inspect structures at different stages of completion. [1] Building inspectors may charge a direct fee or a building permit fee. Inspectors may also be ...

  7. Construction Specifications Institute - Wikipedia

    en.wikipedia.org/wiki/Construction...

    The Construction Specifications Institute (CSI) is a United States national association of more than 6,000 construction industry professionals who are experts in building construction and the materials used therein. The institute is dedicated to improving the communication of construction information through a diversified membership base of ...

  8. Completed-contract method - Wikipedia

    en.wikipedia.org/wiki/Completed-contract_method

    Accounting for long term contracts can be done in two ways: through the completed-contract method and the percentage of completion method. The choice between the two depends on the provisions of SOP 81-1 from the AICPA. The completed-contract method recognizes income only when the contract is completed or substantially completed. [1]

  9. Construction accounting - Wikipedia

    en.wikipedia.org/wiki/Construction_accounting

    In the United States, the authoritative literature on Construction accounting is AICPA Statement of Position SOP 81-1. Construction auditing is an important part of construction accounting and deals with expenses - the IRS offers a guide. IRS Construction Audit Guide . The National Association of Construction Auditors recommends this guide.

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