Term
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Definition
| The work that needs to be accomplished to deliver a product, service, or result with the specified features and functions. |
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Term
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Definition
| Refers to the incremental expansion of the scope of a project, which may include and introduce more requirements that may not have been a part of the initial planning of the project, while nevertheless failing to adjust schedule and budget. |
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Term
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Definition
A construction undertaking, composed of one or more buildings and the site improvements, planned and
executed in a fixed time period. |
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Term
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Definition
The sum established by the owner as available for the entire project, including the construction budget, land
costs, equipment costs, financing costs, compensation of professional services, contingency costs, and other
similar established or estimated costs. |
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Term
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Definition
The total cost of a project, including the professional compensation, land costs, furnishings and equipment,
financing, and other changes as well as the construction cost. |
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Term
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Definition
A third party consultant or employee of the owner that works for the owner and coordinates the activities of the
project. Assists with the development of specific strategies of the project (including bidding and contracting),
establishing time frames and benchmarks for the project, assisting the owner in hiring other professional
services, reviews plans and drawings and makes recommendations to the owners, monitors the budget of all
phases of the project, works with all consultants, monitors the day-to-day work progress of the contractor,
assists the owner in close-out, and prepares for occupancy. |
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Term
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Definition
The manual prepared by the architect for a project, including the bidding requirements, conditions of the
contract, and the technical specifications. |
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