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Markups: Every program allows for cost mark-ups ranging from flat overall mark-ups to resource-specific mark-ups, mark-ups for general administrative costs, and bonding costs. Detailed Overhead: Indirect costs, such as permits, fees, and any other overall project costs can be spread to billable project items.
a new building is constructed; a building built for one use is to be used for another (e.g., an industrial building converted for residential use) occupancy of a commercial or industrial building changes, or ownership of a commercial, industrial, or multiple-family residential building changes
Committed costs can be derived from purchase orders, contracts, approved changes, change orders and other forms of commitments. From an earned value management point of view, the VOWD is comparable to the actual cost achieved rather than the earned value. VOWD represents the full value of the work that has been achieved, at a point in time ...
Planning permission or building permit refers to the approval needed for construction or expansion (including significant renovation), and sometimes for demolition, in some jurisdictions. [ 1 ] [ 2 ] House building permits, for example, are subject to building codes .
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 ...
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Comparison of floor area ratio (FAR) or floor space index (FSI) and building coverage ratio (BCR) Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1]
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