5. ICESR 01-12-2011 - Laserfiche WebLink

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~. • • Bitl • A signed proposal to do the work for the amount stipulated. Construction Administration • Adminisn•tuion of the owl-er`s contract For construction during construction period until filtal payment to the contractor is due. Construction Cost • The cost of the construction work to the contractor and their subcontrac- tors. Does not include other costs referred to in the Project Cost (compare +vith project costs). Construction Doctnnents • Dra+vings and specilicalions detailing the requirements for the construction of a project. Construction iilanagement • This is a broad term covering a variety of project delivery systems in +vhich a construction manager is added to the biIlldlnQ team. Construction Rlanager {C;\1) • Additional consultant such as an architect, contractor, engineer or de+°eloper added to pmjeet team to oversee scheduling, cast control, constr•uctability, ptbject management, building technology, and the bidding or negotiating of construction contracts or• construction. Contractor (general contractor) • 1`he primary contractor wlta oversees and is responsible for all the +vork performed on the site and to ++•hom any subcontractors on the same job are responsible. Contractor Pre-Selection • Selecting the contractor an qualifica- tions, not price, early in the process to team with the architect for time swings. Cost Plus Fee • The contractor in an owner-contractor agreenteut is reimbursed for the direct and indirect costs of performance of the agl~emenr and, in addition, is paid a fee for services. Design-Bid-Build • The most common form of project delivery. Architect and contractor hold separate contracts with the o++~ner. It is characterized by three phases: design, bidding and consu-uction. Desigu-Build • A project delivery method tl-at offers an o+vner the abilit}• to contract +vith a single entity to provide both design and cortsuuction sen~ices. Design-Builder • Entity that contracts with a building o+aner to provide design and rrntstruc- tion services d~rcwgh a single contract. Design Development Phase • The second phase of an architect's basic ser+~•ice, which includes developing structural, mechanical and electrical ch•a++°inas and specifying materials and the probable cast of constnlction. Fast-Traeking • Constr•tlction delivery approach +vhirh overlaps design and construction, thereby shortening project schedule. Gii1P • Guaranteed maximum prier'. Lump Sum • A contract in +vhICh a specific amount is set forth as the fatal payment for performance of rite contract. Performance Specification • Standards for product quality, constnlc- tion methods or ixlilding systems to be used in a building project. Prime Contractor • A contractor +vho has a direct contrac- tual relationship with the o++•ner for of work, as distinguished from a subcontractor whose conh-ac[ual relationship is not +vith the o+;•ner, but with a general or prime contractor. Program • A +vritten statement setting forth design objecti+•es, constraints, and criteria for a project, including space requirements and relationships, flexibility and expandability, special equipment and systems, and site requirements. Project Costs • The total funds budgeted for the project, including canstlvction cost, clesinn fees, furnishings and equipmeot, fees and permits, and contingencies I:contpare +vith constrvction costs). Project Delir•ery S}stem • A formalized contractual approach ++~hich allo++rs an o+rner to sectare planning and design services and build a project, assuring effective management throu~hotlt. Schematic Design Phase • The phase of the project iu ++fiich the architect consults +vith the a+vner to ascertain the I~quirements of the project and prepares schematic design studies consisting of dra+vh-gs and other documents ilhtstrating the scale and relationship of the project compo- nents to the o++•ner. The architect also submits to the o~+mer a statement of plbbable constnrction cost, Subcontractor • A persol- or entity who has direct contact ++~ith the contractor to l~rform any of the «°ork at the site. Value Engineering • The process of revie+ving elements of the project design in terms of cost benefit. Value engineering involves substitution of less costly systems or materials +vithout changing the function or overall appearance of the building.