Insights

Glossary


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Daily Construction Report

A written document and record that has two main purposes: 1. they furnish information to off-site persons who need and have a right to know important details of events as they occur daily and hourly, and 2. they furnish historical documentation that might later have a legal bearing in cases of disputes. Daily reports should be as factual and impersonal as possible, free from the expression of personal opinions and feelings. Each report should be numbered to correspond with the working days established on the progress schedule. In the event of no-work days, a daily report should still be made, stating "no work today" ( due to rain, strike, or other causes). The report includes a description of the weather; a record of the total number of employees, subcontractors by name, work started and completed today, equipment on the job site, job progress today, names and titles of visitors, accidents and/or safety meetings, and a remarks column for other job related information.

Date of Agreement

1. Usually on the front page of the agreement 2. If not on front page it may be the date opposite the signatures when the agreement was actually signed 3. or when it was recorded 4. or the date the agreement was actually awarded to the contractor.

Demising Walls

The boundaries that separate your space from your neighbors' and from the public corridor.

Design/Bid/Build

A project delivery method in which the architect is hired and completes the design process without the involvement of the contractor. When the construction documents are completed, the project is advertised for contractors to bid on. Contractors provide bids based on the total cost to complete the project and the selection of the contractor is based on price alone. Also known as Hard Bid.

Estimate

1. To calculate approximately the amount, extent or value of something 2. To form an opinion of estimated costs

Estimate of Construction Cost, Detailed

A calculation of costs prepared on the basis of a detailed analysis of materials and labor for all items of work, as contrasted with an estimate based on current area, volume or similar unit costs. *195

Facility or Site Analysis

A visual inspection of a building and on-site improvements for functional or physical deterioration; prepare optional Replacement Cost Estimate for making recommendations to improve functional and physical deficiencies to increase market value; AND/OR prepare a Reserve Study over five (5) years to increase Net Operating Income (NOI) for the facility.(See Site Analysis)

Fast Track Construction (Fast Tracking)

A method of construction management which involves a continuous design-construction operation. When a prime or main contractor starts the construction work BEFORE the plans and specifications are complete. (See Design-Build Construction)

FF&E

1. An abbreviation for furniture, fixtures and equipment 2. Items classified as personal property rather than real property 3. An abbreviation generally associated with interior design and planning of retail stores or office facilities.

Fast Track

This approach to construction significantly compresses the overall project schedule by coordinating the design and construction activities simultaneously. Fast Track projects have unique requirements, including integrated design and construction, overlapping schedules and concurrent work shifts.