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A Ricardian contract places the defining elements of a legal agreement in a format that can be expressed and executed in software. [ 3 ] The method arises out of the work of Ian Grigg completed in the mid-1990s in contributions to Ricardo, [ 4 ] [ better source needed ] a system of assets transfers that was built in 1995-1996 by Systemics and ...
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.
A site plan or a plot plan is a type of drawing used by architects, landscape architects, urban planners, and engineers which shows existing and proposed conditions for a given area, typically a parcel of land which is to be modified. Sites plan typically show buildings, roads, sidewalks and paths/trails, parking, drainage facilities, sanitary ...
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There are traditionally two contracts between these parties as they work together to plan, design and construct the project. [12] The first contract is the owner-designer contract, which involves planning, design, and construction contract administration. The second contract is the owner-contractor contract, which involves construction.
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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