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An RFI is used in the construction industry when a project's construction documentation lacks information that is required to proceed with any given scope of work. It is raised by the general contractor that has been answered by the client, or architect , and distributed to all stakeholders, is generally accepted as a change to the scope of ...
The bid does not have to mean the end of the bidding; multiple rounds can follow. [ citation needed ] After the RfQ process, professional procurement organizations have to compare the quotations, and try to get the best price for the job (by negotiations, or by conducting an e-auction (a reverse auction or a ticker auction).
Some construction companies specialise in first fix work or second fix work, but most do both. In North America, terms such as roughing in and finishing or rough-in and finish work are often heard, referring to similar concepts. Another related set of terms is outside work and inside work (the
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 cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds; Control of the scope of the work; Project scheduling
Construction hiring has slowed down in the last few months as immigration and interest rate uncertainty weigh on the sector. Construction hiring in 'wait-and-see mode' amid interest rate ...
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 ...
The "Commissioning Provider" may be a member of the Owner, Engineer, Construction/Project Manager, Contractor, or independent Third Party. The industry standard most recognized and recommended arrangement is for the CxP to be an Independent Third Party Commissioning Provider (also acronym "CxP") contracted directly to the Owner.