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  2. Prevailing wage - Wikipedia

    en.wikipedia.org/wiki/Prevailing_wage

    Prevailing wage. In United States government contracting, a prevailing wage is defined as the hourly wage, usual benefits and overtime, paid to the majority of workers, laborers, and mechanics within a particular area. This is usually the union wage. [1]: 1. Prevailing wages are established by regulatory agencies for each trade and occupation ...

  3. Indirect costs - Wikipedia

    en.wikipedia.org/wiki/Indirect_costs

    There are two types of indirect costs. One are the fixed indirect costs, which are unchanged for a particular project or company, like transportation of labor to the working site, building temporary roads, etc. The other are recurring indirect costs, which repeat for a particular company, like maintenance of records or the payment of salaries.

  4. Davis–Bacon Act of 1931 - Wikipedia

    en.wikipedia.org/wiki/Davis–Bacon_Act_of_1931

    The Davis–Bacon Act of 1931 is a United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics. It applies to "contractors and subcontractors performing on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or ...

  5. Project Management Institute - Wikipedia

    en.wikipedia.org/wiki/Project_Management_Institute

    In the 1960s project management as such began to be used in the US aerospace, construction, and defense industries. [7] The Project Management Institute was founded by Ned Engman (McDonnell Douglas Automation), James Snyder, Susan Gallagher (SmithKline & French Laboratories), Eric Jenett (Brown & Root), and J Gordon Davis (Georgia Institute of Technology) at the Georgia Institute of Technology ...

  6. Project executive - Wikipedia

    en.wikipedia.org/wiki/Project_executive

    Project executive. In project management, an executive or project executive is a person who has ultimate responsibility for a project, and is a role defined in the recognized project management framework PRINCE2. [citation needed] It is appointed by the customer during the start of the project and usually comes from the customer. [1]

  7. Construction management - Wikipedia

    en.wikipedia.org/wiki/Construction_management

    Construction management (CM) aims to control the quality of a project's scope, time, and cost (sometimes referred to as a project management triangle or "triple constraints") to maximize the project owner's satisfaction. [1][2] It uses project management techniques and software to oversee the planning, design, construction and closeout of a ...

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