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A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain /(loss) that equals the amount realized on the sale minus the sold property's basis.
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Water falls towards a parapet gutter, a valley gutter or an eaves gutter. [12] When two pitched roofs meet at an angle, they also form a pitched valley gutter: the join is sealed with valley flashing. Parapet gutters and valley gutters discharge into internal rainwater pipes or directly into external down pipes at the end of the run. [12]
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A general contractor is a construction manager employed by a client, usually upon the advice of the project's architect or engineer. [7] General Contractors are mainly responsible for the overall coordination of a project and may also act as building designer and construction foreman (a tradesman in charge of a crew).
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A box gutter, internal gutter, parallel gutter, or trough gutter is a rain gutter on a roof usually rectangular in shape; it may be lined with EPDM rubber, metal, asphalt, or roofing felt, and may be concealed behind a parapet or the eaves, or in a roof valley. [1] [2]
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