Define: Addendum, construction document
Corrections or revisions made to construction documents after they are sent to bidders but before bidders have officially responded.
Define: Adjacency diagram
A diagram documenting critical physical proximities of organizational groups, equipment, or support functions.
Define: AIA contract Documents
A set of standard contract forms produced by the American Institute of Architects (AIA) for design and construction contracts including the contract administration process. They are generally accepted as fair documents for all parties involved.
Define: Architectural drawings/Engineering drawings
A set of technical drawings of a building or engineered item categorized by building trade (e.g., electrical, plumbing) used by architects or engineers to express a design proposal and enable a contractor to proceed with construction.
Define: Architectural scale/Engineering Scale
A Measurement device used to show ho to measure scaled dimensions on scale drawings. When using the Metric system, the paired ratio is millimeters (mm) to meters (m) or centimeters (cm) to meters (m). When using the English measurement system, the paired ratio is in the form of fractions of inches (1/2, 1/4, 1/8th inch or 10th, 20th or 30th of an inch) being equal to a foot.
Define: Assignable area
The portion of a floor or building used to house personnel, furniture and equipment. Assignable area+ usable area - Secondary circulation.
Authorization to proceed
A document issued to initiate a project and commence construction.
Backward pass scheduling
A scheduling technique that begins with a fixed completion date and arranges necessary tasks in order to allow enough time to complete all the project tasks.
Barrier free design
A facility design that employs multiple design considerations to allow the facility to be fully accessible ty persons with disabilities.
Bay
An analysis to determine the organization’s current status for specific metric. Typically this is used to establish budgets and compare use with benchmarks to determine progress toward design goals.
Bid bond
A bond or cashier’s check that bidders provide to customers along with a bid for a capital project to prove that the bid is in earnest and the firm has sufficient capital resources and will provide a performance bond if the bid is chosen. These are only callable (exercised) when a contract is awarded but the bidder fails to perform under the terms in the bid. They are often for 1`% of the bid value.
Blocking plan
Illustration of how multiple groups or departments will fit onto a given floor of a building. (Also called a blocking diagram)
Bond
A certificate that promises to pay the holder a specified amount of money at some future date.
Bubble diagram
An adjacency diagram that illustrates primary and secondary adjacencies between major work groups or departments.
Budget at completion
The planned final cost of a task/project.
Budget variance
The difference between the budget at completion and estimate at completion.
Build out
a) A general term referring to the execution phase of a design and construction project including construction, installation of equipment, and connection of utilities; b) The new construction or reconfiguration performed on a tenant’s interior space.
Building information modeling (BIM)
A modeling process and technology for producing comprehensive, measurable, three-dimensional virtual models of buildings to aid in construction and all later phases of a facility’s life cycle.
Building Statndard
Owner/landlord determined baseline for type and quality of materials and finishes to be used in their building and provided as part of base rent paid by the tenant (usually stipulated as an allowance per square meter (square foot)).
Building standard finishes
Finishes provided periodically by a landlord to a tenant as part of the tenant’s base rent.
Build to suit
A form of delayed ownership for real estate in which an organization has the developer retain ownership until the construction project is complete and the facility is ready for occupancy.
Capital
The amount of money in circulation, the speed with which money circulates or is redistributed throughout the economy , and its price and availability. As the money supply is reduced, interest rates rise, and capital investment tends to decrease and move to short-term investments. These events adversely affect real estate funds attributed to facility assets with residual value.
Certificate of insurance
A document from the insurance company that verifies insurance coverage for contractors on larger jobs. It includes dates that coverage is in effect, and the dollar limits and types of the coverage.
Certificate of occupancy/Certificate of beneficial occupancy
A formal document often required by the local building codes as the final step to closeout of construction to allow for occupancy of the facility. Also known as certificate of beneficial occupancy.