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2. Vendor management system - Wikipedia

   en.wikipedia.org/wiki/Vendor_Management_System

   It facilitates the interview and hire process, as well as labor time collection approval and payment. A CSM , or Contracted Service Management System, is a tool which interfaces with the Access Control Systems of large refineries, plants, and manufacturing facilities and the ERP system in order to capture the real-time hours/data between ...

3. Subcontractor - Wikipedia

   en.wikipedia.org/wiki/Subcontractor

   Subcontractor agrees that all progress payments and final payment to Subcontractor are contingent upon and subject to Owner's acceptance of Subcontractor's work and upon contractor's receipt of payment from Owner. Subcontractor agrees to accept the risk of non-payment if Contractor is not paid progress payments and/or final payment from Owner ...

4. New Engineering Contract - Wikipedia

   en.wikipedia.org/wiki/New_Engineering_Contract

   NEC Contracts logo. The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.

5. Schedule of values - Wikipedia

   en.wikipedia.org/wiki/Schedule_of_values

   A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.

6. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   The exact provisions will depend on the specific form of contract being is adopted. For example, in the Joint Contracts Tribunal (JCT) Design and Build Contract, the base date determines the allocation of risk in relation to changes in statutory regulations, changes to VAT exemptions and changes to definitions of dayworks. Under the JCT's ...

7. Retainage - Wikipedia

   en.wikipedia.org/wiki/Retainage

   For example, a subcontractor performing site work may complete its work in the first few months of the construction project, but generally is not allowed to recover the amount withheld from the owner and contractor until the project is "substantially complete", which could take a few years depending on the size of the project.

8. Submittals (construction) - Wikipedia

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

   A common example of a sample panel is a wall mock-up. This is a full size mock-up of a wall assembly and can include window, exterior veneers and waterproofing. The mock-up serves as both an aesthetic review, but also provides the contractors the opportunity to field test the assembly before full-scale assembly.

9. Construction bidding - Wikipedia

   en.wikipedia.org/wiki/Construction_bidding

   Construction bidding is the process of submitting a proposal to undertake, or manage the undertaking of a construction project.The process starts with a cost estimate from blueprints and material take offs.