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6th Construction mgt

TermDefinition
Addendum supplementary documentation issued prior to the contract award that changes or clarifies information started in the bidding documents
Additional Services services provided over and above those designated as basic services in owner agreements with A/Es and CMs.
Agency Sm (ACM) pure CM;Professional CM without risk (ABBR PMC; CM) a contractual form of the CM system exclusively preformed in an agency relationship between the construction manager and owner ACM is the form from which other Cm forms and variations are derived
Agent or (Agency) A legal relationship where one party is authorized to act to act in behalf of and in the best interest of another party as defined in an agreement between two parties
Agreement A legal document that binds two or more parties to specific and implied obligations
Ancillary Benefits Subordinate secondary benefits that automatically accrue from the performances of an unassociated prime responsibility
Bid A binding offer usually expressed in dollars to provide specific services within clearly started requirements
Bid Depository A physical location where trade contractor proposal are fled the day before general contractor bids are to be received by an owner for pickup open acceptance or rejection by general contractors bidding the owner`s project
Bulletin A delineation narrative or both describing a proposed change for pricing by a contractor and for consideration as a change by the owner
Claim A formal notice sent by a contractor to an owner asserting the fact that the terms of the contract have been breached and compensation is being sought by the contractor from the owner
completion schedule A schedule of the activities and events required to effect occupancy or the use of a facility for its intended purpose it is used to determine if construction progress will meet the occupancy date
conditions of the contract term that refers to the general conditions and supplementary and special conditions of the contract for construction
Created by: rferguson124
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