Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
CM Ch.7
Performing Preconstruction Services Vocab
| Term | Definition |
|---|---|
| capital expenditure | Funds used by a company to acquire, upgrade, build, and maintain physical assets such as property, buildings, or equipment; includes everything from repairing an air conditioning system, to constructing a brand‐new facility |
| capital project | long‐term investment project to build upon, add to, or improve a capital asset. |
| cost model | Working budget that guides the design process by allocating budget limits to various elements and systems of design |
| decommissioning | Process of shutting down a building & removing it from operational use |
| due diligence | The contractor's obligation to complete to complete the construction project with care and avoid harm; written in the contract |
| feasibility study | Analysis conducted at the early stages of a project to help the owner determine if it is a good idea to invest their time and money to finish with the project or whether another solution should be pursued. |
| life‐cycle cost | Long-term cost projections for a building investment over it's useful life cycle |
| preconstruction services | planning, analytical, and evaluation activities that occur before construction begins, often during the design phase when at‐risk CM, or design‐build is employed as the project delivery method |
| return on investment | Financial ratio used to calculate the benefit an investor will receive in from their investment cost |
Created by:
taylorstudies