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9 Cards in this Set
- Front
- Back
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Programming |
Consulting with the owner to develop the applicable requirements for the project, then study the feasibility of meeting the requirements with the constraints of the budget |
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Project cost |
The total cost or estimated cost to the owner of all components of the project |
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Post-occupancy evaluation |
Review of a completed project after the client has occupied it for some time |
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Quality planning |
Determining with the client what the expectations are concerning design, cost and other aspects of the project |
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Bid contract |
Drawings and specs are completed by Id and other consultants and then sent to several contractors who bid on the work defined by the contract documents |
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Negotiated contract |
The owner selects a contractor to do the work. The contractor and the owner negotiate a price and other terms |
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Change order |
Document authorizing a variation from the original contract documents that involves a change in contract price, contract time, or both |
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Liquidated damages |
Money’s paid by the contractor to the owner for every day the project is late |
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Accrual accounting |
Revenue and expenses are recognized at the time they are earned or incurred, whether or not cash changes hands |
