Term
|
Definition
| Visual description of the real asset; 2-d representation |
|
|
Term
|
Definition
| Detailed cost of every activity in work break down structure |
|
|
Term
|
Definition
| Used for digital rendering, clash detection, could help to analyze cost and schedule information |
|
|
Term
|
Definition
-Hold quality & time steady but reduce cost
-Hold cost & time steady but increase quality
-Hold quality and cost steady but decrease time |
|
|
Term
|
Definition
| Agreement, general conditions, special conditions, drawings, specifications, agenda, change order |
|
|
Term
|
Definition
Common stipulations about administration & Relationships. Addresses items such as:
-Definitions
-Owner,A/E,Contractor responsibilities
-Time
-Payment
-Changes in Work
-Disputes |
|
|
Term
|
Definition
Aspects of administration/relationships unique to project. Addresses items such as:
-Additional instructions
-Use of local roads and streets
-Clean-up
-Mandatory wage rates
-Liquidate damages |
|
|
Term
|
Definition
| Description of Quality and performance (e.g. equipment) |
|
|
Term
|
Definition
A proposal form establishes intent on part of the contractor to enter into a contract with the owner to complete the work described in the bidding documents at the cost indicated in the proposal.
Information includes:
-Price Schedule
-Contract duration
-Duration between work beginning and receipt of notice award |
|
|
Term
|
Definition
| Design alterations and notifications in design change by the owner to all biding contractors |
|
|
Term
|
Definition
|
|
Term
|
Definition
-Proposal form
-General conditions
-Supplementary/Special conditions
-Technical specifications
-Plans and drawings
-Addenda and Change Orders |
|
|
Term
|
Definition
16 Divisions format
(1)General
-General requirements for the specific material or product
(2)Products
-Physical descriptions & properties
-Designation of source, manufacturer, model
(3)Execution
- Conditions for installing the specific material or product |
|
|
Term
|
Definition
| Guarantee that contractor will follow through with his intended bid |
|
|
Term
|
Definition
| Guarantees completion of the work |
|
|
Term
|
Definition
Cover Unpaid Bills by Contractor
-50% for <$1M
-40% for $1M-2.5M for >$5M
Most institutions now require 100% |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Workers compensation, Liability insurance |
|
|
Term
|
Definition
Longest to shortest
(1) Physical Life
(2) Profit Life
(3) Economic Life |
|
|
Term
| Hourly Ownership, Maintenance, and Operating Equipment Costs |
|
Definition
| inputs for calculating the hourly rate (fuel, oil, operator, interest, insurance...) |
|
|
Term
| IIT for Estimating Equipment Costs |
|
Definition
| Insurance, Interest, and Taxes cost |
|
|
Term
| Equipment Overhead and Profit |
|
Definition
| e.g. supervisor time, mechanic time, risk, etc. |
|
|
Term
|
Definition
| Purchase Price*(A*H + B*H^2) where H is the hours worked (in thousands). A & B are constants derived for particular machine/condition. |
|
|
Term
| Estimate of Residual Value |
|
Definition
| Purchase Price*(K*H^(-exp)) - salvage value |
|
|
Term
| Estimate of Average Annual Value |
|
Definition
where C is purchase price, s is the salvage value and n is the amount of years since year zero
AAV = [C(n+1) + S(n-1)]/2n |
|
|
Term
|
Definition
Loose cubic yards
Bank cubic yards
Compacted cubic yards |
|
|
Term
|
Definition
| [(weight of bank volume/weight of loose volume) - 1]*100 |
|
|
Term
|
Definition
| [1 - (weight of bank volume/weight of compacted volume)]*100 |
|
|
Term
| Factors affecting quantity per cycle |
|
Definition
| the size of the equipment and the material being moved |
|
|
Term
| Factors affecting cycles per hour |
|
Definition
| speed of the equipment, type of soil, grade percentage |
|
|
Term
|
Definition
| Qty/Time; usually Qty/hour |
|
|
Term
|
Definition
| resistance to movement of a vehicle over the travel surface due to internal friction, tire flexing, and penetration of the vehicle in to the travel service |
|
|
Term
|
Definition
| The component of vehicle weight that acts parallel to an inclined travel surface |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| f(Traction, weight on drivers) |
|
|
Term
|
Definition
| Subdividing the work into pieces or work packages |
|
|
Term
|
Definition
| Quantities and durations for specific related work items |
|
|
Term
|
Definition
| Helps produce an overall strategic approach for the job |
|
|
Term
|
Definition
| used for initial planning and scheduling |
|
|
Term
|
Definition
| Materials, labor, and equipment |
|
|
Term
|
Definition
|
|
Term
|
Definition
| company overhead and profit. It is often the difference between winning and losing the bid, particularly for "standards" projects |
|
|
Term
| Unit Pricing Approach to Estimating |
|
Definition
| Works well for standard items of work, Most common |
|
|
Term
| Resource Enumeration Approach to Estimating |
|
Definition
-Example: Cast-in-place concrete for a dome
-Generally required for unique items of work
-Typically more accurate |
|
|
Term
|
Definition
-Often requested for alternate materials technology, scope
-"To substitute tile for vinyl flooring, add $___" |
|
|
Term
|
Definition
| $ amount for certain items |
|
|
Term
|
Definition
| $ amount during construction for unseen construction |
|
|
Term
|
Definition
| Prices from subs, who and when? |
|
|
Term
| Requests for Information (RFIs) |
|
Definition
|
|
Term
| Center for the Arts has a ______ LEED certification and recycling __% of building materials. |
|
Definition
|
|
Term
Center for the Arts had a GMP at __% Drawings.
Turner Street had a GMP at __% Drawings. |
|
Definition
|
|
Term
Turner will be completed:
Center for the Arts will be completed: |
|
Definition
December 2012
September 2013 |
|
|
