Activity

A group of tasks undertaken to produce a tangible good.

Architect

The person designing and monitoring a building or other construction structures .

Bid Date

The due date and time set by the owner, architect or engineer for receiving bids.

Budget (Construction Budget)

The total sum of money allocated for a specific project.

Building Process

A term used to express every step of a construction project from it’s conception to final acceptance and occupancy.

Construction Permit

Is a permit required in most jurisdictions for new construction, or adding onto pre-existing structures, and in some cases for major renovations

Change Order

A written document between the owner and the contractor signed by the owner and the contractor authorizing a change in the work or an adjustment in the contract sum or the contract time. A change order may be signed by the architect or engineer, provided they have written authority from the owner for such procedure and that a copy of such written authority is furnished to the contractor upon request

Codes

Prevailing regulations, ordinances or statutory requirements set forth by governmental agencies associated with building construction practices and owner occupancy, adopted and administered for the protection of public health, life safety and welfare

Communications Management

The process of identifying, creating, reviewing and distributing communications messages to stakeholders within a project

Construction Cost

The direct contractor costs for labor, material, equipment, services and other direct construction costs

Construction Documents

All drawings, specifications and addenda associated with a specific construction project

Construction Management

Organizing and directing men, materials, and equipment to accomplish the purpose of the designer

Consultant

One hired by the owner or client to give professional advice

Contract

A document containing an written agreement between two or more parties

Contract Period

The elapsed number of working days or calendar days from the specified date of commencing work to the specified date of completion, as specified in the contract

Contract Sum

The total agreeable amount payable by the owner to the contractor for the performance of the work under the contract documents

Contractor

A properly licensed company that agrees to furnish labor, materials, equipment and associated services to perform the work as specified for a specified price

Cost Management

The process of monitoring and controlling the costs incurred within a project, through the completion and approval of Expense Forms

Cost of Work

All costs incurred by the contractor in the proper performance of the work required by the plans and specifications for a specific project

Demolition Permit

Authorization to tear down and remove an existing structure

Direct Cost

All items of expense directly incurred by or attributable to a specific project, assignment or task

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 2. they furnish historical documentation that might later have a legal bearing in cases of disputes

Deliverable

A product, capability to perform a service, or other result, that must be produced to complete a project. Deliverables can be produced by the project team or, in some cases, by suppliers contracted to the project

Drawings

A term used to represent that portion of the contract documents that graphically illustrates the design, location and dimensions of the components and elements contained in a specific project

Design

A graphical representation consisting of plan views, interior and exterior elevations, sections, and other drawings and details to depict the goal or purpose for a building or other structure

Fine

Is the amount of money paid usually to superior authority, as punishment for breaking a rule

Feasibility Study

A document that confirms the likelihood, that a range of alternative solutions will meet the requirements of the customer

Final Reception

The reception carried out after the expiry of the guaranteed period. This reception must be carried out in the presence of the investor, the reception comity named by the investor, the designer and the executor of the building

Financial Planning

The process of identifying, quantifying and scheduling the financial resources required to undertake a project

General Contractor

responsible for the execution, supervision and overall coordination of a project and may also perform some of the individual construction tasks

General Conditions

A written portion of the contract documents set forth by the owner stipulating the contractor’s minimum acceptable performance requirements including the rights, responsibilities and relationships of the parties involved in the performance of the contract

Guaranteed Period

The period of time between the reception and completion of the work, whose period is established in the contract and within which the contractor is required to removal, at his expense, all the shortcomings occurred due to failure to comply the contractual clauses and specification or to the application of technical regulations

Hand Over

An act by which the investor certifies the completion of the construction work and their related installations, in accordance with provisions of the contract and with the requirements of the official documents, and declares that he agreed to take over work executed and that they can be commissioned

Inspector

A qualified government representative authorized to inspect construction for compliance with applicable building codes, regulations and ordinances

Issue

An event that currently affects a project's ability to produce the required deliverables

Issue Management

The process of identifying, quantifying and resolving project-related issues

Job Description

A document that describes a particular role and set of responsibilities within a project

Operating Permit

Permission or authorization issued to operate a facility in accordance with specific rules and regulations. Operating Permits often contain requirements, conditions, standards, and variances that are specific to the facility because of its location or method of operation

Owner

After the protocol completion of reception at the end of construction, the investor becomes generically the owner

Procurement Item

Any item that is contractually obliged to be provided by a supplier, such as: • Products (e.g. goods, materials, equipment, tools, machinery) • Services (e.g. labor, technical and consulting services) • Results (e.g. a more efficient process, a more highly skilled team and a restructured organization)

Project Lifecycle

A series of phases undertaken to deliver a required project outcome

Penalty Clause

A provision in a contract that provides for a reduction in the amount otherwise payable under a contract to a contractor as a penalty for failure to meet deadlines or for failure of the project to meet contract specifications

Purchase Order

A written document from a buyer to a seller to purchase materials, services, equipment or supplies with acceptable purchase terms indicated

Project Cost

All costs for a specific project including costs for land, professionals, construction, furnishings, fixtures, equipment, financing and any other project related costs

Phase

A set of project activities and tasks that usually result in the completion of one or more project deliverables

Procurement Management

The process of sourcing procurement items from suppliers and managing their performance throughout a project

Project Management

The skills, tools and management processes required to successfully undertake a project

Payment Schedule

A pre-agreed upon schedule of payments to a contractor usually based upon the amount of work completed

Permit Fee

A tax that has to be paid to the proper authority in order to obtain a building permit

Project Plan

A document that lists the Work Breakdown Structure, timeframes and resources required to undertake a project

Process

A set of related activities that are performed to deliver products, services or results

Product

A physical artifact that is produced by the project. Products are produced primarily using goods and materials

Project

A unique endeavor to produce a set of deliverables within clearly specified time, cost and quality constraints

Proposal

A written offer from a bidder to the owner, preferably on a prescribed proposal form, to perform the work and to furnish all labor, materials, equipment for the prices and terms quoted by the bidder

Quality

The extent to which the final deliverable conforms to the customer requirements

Quality Control

The internal monitoring and control of project deliverables, to ensure that they meet the quality targets set for the project

Quality Management

The process by which the quality of the deliverables and management processes is assured and controlled on a project

Request for Proposal

A document issued to suppliers in a short-listed group, to enable them to submit detailed proposals defining how they will meet the procurement requirements of a project

Risk Management

The process of identifying, quantifying and controlling risks throughout a project

Request for Information

A document issued to potential suppliers to enable them to describe how they will meet the procurement requirements of a project

Resource

The labor, equipment, materials and other items needed to undertake a project

Result

The outcome of performing a project process or activity

Risk

Any event that is likely to adversely affect a project's ability to achieve the defined objectives

Specialty Contractor

The contractor who is licensed to perform a specialty task

Supplier Contract

An agreement between a project team and an external supplier for the completion of a defined scope of work within a project

Soft Costs

Soft Costs are cost items in addition to the direct Construction Cost. Soft Costs generally include architectural and engineering, legal, permits and fees, financing fees, construction Interest and operating expenses, leasing and real estate commissions, advertising and promotion, and supervision

Supplementary Works

Additional work requested of a contractor, not included in the original plan, which will be billed separately and will not alter the original contract amount, but increase the cost of building the home

Schedule

A plan for performing work or achieving an objective

Scope

The total aggregation of deliverables to be produced by a project

Service

Work carried out to benefit a customer. Note: A service does not produce a physical product or tangible result, as this is called an activity

Solution

A combination of deliverables that solve a specified business problem or realize a specified business opportunity

Specifications or Specs

A narrative list of materials, methods, model numbers, colors, allowances, and other details which supplement the information contained in the blue prints

Subcontractor

A general or specialty contractor who works for another general contractor

Total Valuation

Is the total value of all work (including materials and labor) for which a building permit is being issued, such as structural (framing), electrical, gas, mechanical, plumbing, interior finish and normal site preparation work

Time Management

The process of recording and quantifying time spent completing tasks within a project

Zoning Permit

A document issued by a governing urban authority permitting land to be used for a specific purpose

Zoning

Restrictions of areas or regions of land within specific geographical areas based on permitted building size, character, and uses as established by governing urban authorities

News and updates

2013/01/23

The Project Management Services provided by Coral DA Consulting will ensure the technical and fin...
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2013/01/08

Coral DA Consulting will provide Site Inspection and Health & Safety Services staring with 08...
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