Value Engineering

2017-03-13T19:40:25+00:00

A process, often collaborative, between the owner, the general contractor or home builder, architect, engineers and sometimes subcontractor, in which better cost value solutions are brought into the design of a building.   Often done to bring a building project's costs into line with a client’s budget constraints, but may also simply be done to maximize a [...]

Value Engineering2017-03-13T19:40:25+00:00

Variance

2017-03-13T19:40:25+00:00

Issued by the governing authority, a variance grants permission to deviate from a zoning restriction.

Variance2017-03-13T19:40:25+00:00

VCT

2017-03-16T13:10:36+00:00

Abbreviation for “Vinyl Composition Tile” or sometimes called “Vinyl Composite Tile”, a type of hard vinyl floor tile; usually commercial. Abbreviation for “Vinyl Composition Tile” or sometimes called “Vinyl Composite Tile”, a type of hard vinyl floor tile; usually commercial.

VCT2017-03-16T13:10:36+00:00

Undercutting

2017-03-13T19:40:25+00:00

The removal of poor structural soils at a building site when it is discovered that non-structural materials extend to a depth below the normal design depth for the footings.  Poor soils are removed and replaced with material suitable for bearing the load of the building.

Undercutting2017-03-13T19:40:25+00:00

Underpinning

2017-03-16T13:10:32+00:00

The process of strengthening and stabilizing the foundation of an existing building or structure. Underpinning may be necessary for a variety of reasons: 1) The original foundation is simply not strong or stable enough, 2) The usage of the structure has changed or, 3) The properties of the soil supporting the foundation may have changed.The process [...]

Underpinning2017-03-16T13:10:32+00:00

Truss

2017-03-16T13:08:47+00:00

A structural framework typically made out of wood or steel designed to bridge the space between stories of a building to provide support for a floor or above a room and to provide support for a roof.

Truss2017-03-16T13:08:47+00:00

T & M Not To Exceed

2017-03-13T19:40:23+00:00

Construction pricing that will be billed at predetermined labor rates and material costs usually with a predetermined mark-up or profit, but the total cost based on these formulas will not exceed the “not to exceed” amount.

T & M Not To Exceed2017-03-13T19:40:23+00:00

T I

2017-03-13T19:40:23+00:00

Abbreviation for “Tenant Improvement”; usually refers to the interior space build out to accommodate a commercial tenants requirements in a portion of a multi-tenant building.Abbreviation for “Tenant Improvement”; usually refers to the interior space build out to accommodate a commercial tenants requirements in a portion of a multi-tenant building.Abbreviation for “Tenant Improvement”; usually refers to the [...]

T I2017-03-13T19:40:23+00:00

Traffic Bond

2017-03-16T13:07:43+00:00

A stone aggregate normally consisting of crushed and screened limestone. Often referred to as “TB”, it usually comes in "1/2 inch to fines", for example. This type of TB would include stones from 1/2" and smaller all the way down to powder or "fines". The largest size is determined by the screen it was sifted through [...]

Traffic Bond2017-03-16T13:07:43+00:00
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