Search results for "Owner"

TermDefinition
Owner Change OrderAn owner change order modifies the prime contract between the owner and contractor.
Owner-Architect AgreementAn owner-architect agreement is the contract between the owner and architect for professional design and administration services.
Owner-Contractor AgreementAn owner-contractor agreement is the prime contract between the owner and the contractor for construction work.
Owner's RepresentativeAn owner's representative is a person or firm that helps the owner manage project decisions, communication, risk, and performance.
A101A101 is an AIA owner-contractor agreement form often used when the contract sum is a stipulated amount.
A102A102 is an AIA owner-contractor agreement form used when payment is based on the cost of the work plus a fee with a guaranteed maximum price.
A103A103 is an AIA owner-contractor agreement form used for cost of the work plus a fee without a guaranteed maximum price.
A104A104 is an abbreviated AIA owner-contractor agreement form for projects that need a shorter agreement structure.
A105A105 is a short AIA owner-contractor agreement form for smaller or less complex work.
A132A132 is an AIA owner-contractor agreement form used with a construction manager as adviser project structure.
A133A133 is an AIA agreement form used for certain owner and construction manager at risk arrangements.
A134A134 is an AIA owner-construction manager agreement form for certain CMAR projects using cost of the work plus a fee without a guaranteed maximum price.
A141A141 is an AIA agreement form for design-build projects where one design-builder contracts with the owner for both design and construction responsibilities.
A151A151 is an AIA agreement form for owner-vendor relationships involving goods, equipment, or materials.
A195A195 is an AIA agreement form associated with integrated project delivery.
AECOAECO refers to the connected owner, architecture, engineering, and construction teams involved in the built environment.
B101B101 is an AIA agreement form for owner and architect services.
B102B102 is an AIA owner-architect agreement form used when the owner and architect define the architect's scope separately.
B103B103 is an AIA owner-architect agreement form intended for more complex projects.
B104B104 is an abbreviated AIA owner-architect agreement form.
B105B105 is a short AIA owner-architect agreement form for smaller or less complex projects.
B132B132 is an AIA owner-architect agreement form used with a construction manager as adviser project structure.
B133B133 is an AIA owner-architect agreement form used with certain construction manager as constructor or CMAR arrangements.
OACAn OAC meeting is a regular project meeting between the owner, architect, and contractor.
OSoRAn OSoR is an owner's written statement of project needs, goals, constraints, and performance requirements.
A201A201 is an AIA general conditions document that defines many baseline rights, responsibilities, and procedures for construction contracts.
Additive AlternateAn additive alternate is optional work that can be added to the base bid if accepted by the owner.
Agenda ItemAn agenda item is a specific topic listed for discussion during a project meeting.
AlternateAn alternate is a separately priced option that may be accepted or rejected by the owner.
Asset DataAsset data is structured information about equipment, systems, spaces, or components that the owner needs after construction.
Basis of DesignBasis of Design is the written record of design assumptions, criteria, and rationale for selected systems or approaches.
Bid BondA bid bond is a surety bond that helps protect the owner if the selected bidder does not honor its bid.
BODBOD describes the assumptions, criteria, systems, and rationale that support design decisions.
CCDA CCD is a directive that authorizes changed work before the owner and contractor agree on final cost or schedule impact.
Change EventA change event is a tracked issue or condition that may lead to one or more change orders.
CMMSA CMMS is software used to manage maintenance work orders, assets, schedules, parts, and facility operations.
COA CO is a formal contract modification that changes scope, price, schedule, or other contract terms.
COBieCOBie is a structured data format for handing over building asset information.
CommissioningCommissioning is a quality-focused process used to verify that building systems perform as intended.
Commitment Change OrderA commitment change order modifies a subcontract or purchase order.
Construction Manager as AdviserConstruction manager as adviser is a delivery structure where the construction manager advises the owner but does not hold the prime construction contract.
Construction Manager at RiskConstruction Manager at Risk is a delivery method where the construction manager advises during preconstruction and later assumes construction cost and delivery risk.
ContingencyContingency is money or time reserved for unknowns, risks, or incomplete information.
Cost Plus ContractA cost plus contract reimburses allowable project costs plus an agreed fee or markup.
CSI DivisionA CSI division is a numbered category used in MasterFormat to group related specification sections and work results.
Deductive AlternateA deductive alternate is optional work that can be removed from the base bid if accepted by the owner.
Design-Bid-BuildDesign-Bid-Build is a delivery method where design is completed before the project is competitively bid and built.
Design-BuilderA design-builder is the entity responsible to the owner for both design and construction under a design-build agreement.
Division 00Division 00 contains procurement and contracting requirements in the project manual.
EAMEAM is the management of physical assets across an organization using systems, data, maintenance plans, and lifecycle tracking.
Employer's Information RequirementsEmployer's information requirements describe the information an owner expects project teams to deliver.
Excusable EventAn excusable event is a delay or condition that may justify schedule relief under the contract.
FinishesFinishes are visible final materials and surfaces such as paint, flooring, tile, wall covering, ceilings, and trim.
G705G705 is an AIA form used to identify subcontractors and portions of work.
G706AG706A is an AIA closeout form used to support release of lien rights at final payment.
G709G709 is an AIA form used to request pricing or information for a possible change before a change order is issued.
GMPA GMP is a contract amount that sets the maximum price an owner should pay for the defined construction scope, subject to approved changes.
Guaranteed Maximum PriceGuaranteed Maximum Price is a contract pricing structure that caps the owner's payment for defined work, subject to approved changes.
HVACHVAC refers to building systems that heat, cool, ventilate, filter, or condition indoor air.
IDSIDS is a machine-readable way to describe what information a BIM model should contain.
Information RequirementAn information requirement describes the data an owner, designer, contractor, or operator needs for a defined purpose.
InspectionAn inspection is a review by an authority, consultant, owner, or project team to verify work against requirements.
Instruments of ServiceInstruments of service are documents, drawings, models, specifications, and other work products prepared by design professionals for a project.
IPDIPD is a collaborative delivery approach that aligns owner, designer, and builder incentives around shared project outcomes.
Issue LogAn issue log tracks open issues, responsibility, status, due dates, and resolution notes.
ITBAn ITB is a formal invitation for contractors or suppliers to submit competitive bids.
IWMSAn IWMS is software used to manage facilities, real estate, space, maintenance, assets, and workplace services.
Level of Information NeedLevel of information need describes how much geometry, data, and documentation is needed for a model use.
Life Cycle CostLife cycle cost is the total cost of owning, operating, maintaining, and eventually replacing a building or system.
Low BidderThe low bidder is the bidder that submits the lowest responsive price for the defined scope.
Meeting MinutesMeeting minutes are the written record of topics, decisions, assignments, and open items from a project meeting.
Notice of AwardA notice of award tells the selected bidder that the owner intends to award the contract.
O&M ManualAn O&M manual is a closeout document that explains how to operate and maintain installed systems or equipment.
Open BookOpen book means the contractor shares cost information, backup, and pricing details with the owner or project team.
Performance BondA performance bond is a surety bond that helps protect the owner if the contractor fails to perform the work.
PPDPPD are early project documents used to communicate initial scope, requirements, concepts, assumptions, or criteria.
Prime ContractA prime contract is the main contract between the owner and the contractor or construction manager.
Program ManagementProgram management coordinates multiple related projects or a larger capital program.
Project ManagerA project manager is responsible for managing project scope, cost, schedule, contracts, communication, and risk.
Record DrawingsRecord drawings are final drawings updated to reflect documented changes made during construction.
Request for ClarificationA request for clarification asks the design team or owner to clarify unclear information before work proceeds.
RetainageRetainage is a portion of payment withheld until work reaches agreed completion milestones.
Single-Point ResponsibilitySingle-point responsibility means one contracting entity is responsible for both design and construction obligations.
StartupStartup is the process of preparing equipment or systems for operation for the first time.
Stored MaterialsStored materials are materials purchased for the project but not yet installed.
Submittal WorkflowA submittal workflow defines the review path a submittal follows before it is closed.
Substantial CompletionSubstantial completion is the point when the project is sufficiently complete for the owner to use it for its intended purpose.
Supplementary ConditionsSupplementary conditions modify or add to the general conditions for a specific project.
Termination for ConvenienceTermination for convenience allows a party, often the owner, to end a contract without contractor default.