The BuildBook Construction Glossary

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essential construction terms and definitions used in the residential construction industry.

Equipment Operator

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Housing and urban development (HUD)

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Quality Assurance

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Architect of Record

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Warranty

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Letter of Intent

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Milestones

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Work in Progress

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CSI MasterFormat

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Unit Price Contracts (UPC)

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Renovation

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Green Remodeling

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Critical Path Method

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Remodeling Contractor

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Kick-Off

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Not-in-Contract (NIC)

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Task List

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Rough-In

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Addendum

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Zoning

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Inspection

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City Cost Index

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Basis of Estimate

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Risk Allocation

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As-Sold-Estimate

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Stipulated Sum Contract

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Contingencies

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Markup

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Profit Margin

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Quantity Surveyor

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Direct Costs

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Non-Productive Time

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Unit Costs

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Overhead

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Indirect Costs

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Work Breakdown Structure

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Labor Burden

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Value Engineering

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Conceptual Estimate

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Bill of Materials

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Low Bid Procurement

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Field Work Order

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Bid-Hit Ratio

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All-In Rate

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Lump Sum Contract

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Project Stakeholder

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Construction Agent

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Permitting

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Draw Schedule

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Retention

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Construction Management At Risk

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Supplier

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Purchase Order

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Construction Timeline

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Bid

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Bid Package

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Bid Selection

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Bid Solicitation

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Construction Task Management Software

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Construction Communication Software

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Lien Waiver

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Trade School

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Construction Manager

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Construction Management

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Design-Build

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Spec Home

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Production Builder

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Lean Construction

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Scope Creep

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Construction Scheduling Software

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Construction Estimating Software

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Construction Management Software

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Payment Schedule

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Submittal

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Subcontractor

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General Contractor

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Construction Estimate

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Job Costing

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Request for Proposal (RFP)

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Request for Information (RFI)

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Cost Library

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Cost Category

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Cost Code

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Dependencies

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Task

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Phase

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Assembly

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Allowance

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Takeoff

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Punch List

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Cost-Plus Contract

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Fixed Fee Contract

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Material Selections

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Daily Log

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Gantt Chart

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Scope of Work

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Change Order

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