Construction Terms | Types of Properties | People in Real Estate | Factors Impacting a Job Site |
---|---|---|---|
What is Rebar?
Ribbed steel bars installed in foundation concrete walls, footers, and poured in place concrete structures designed to strengthen concrete.
|
What is Multi-Family?
A type of commercial real estate property that is residential in nature and includes apartments, condominiums, co-ops, and townhomes.
|
What is an MEP Engineer?
Someone who helps the design’s efficiency and helps to optimize the building’s performance for the life of the facility.
|
What is the Building Code?
Community ordinances governing the manner in which a building may be constructed or modified.
|
What is an RFP?
A request for contractors to submit a proposal to bid on a contract.
|
What is a Hotel?
[Will accept Hospitality]
A type of commercial real estate property that provides accommodations, meals, and other services for travelers and tourists
|
What is an Architect?
Someone who designs the building structure and interior.
|
What is the Weather?
Strong winds, temperature, heavy rain, lightening & fog.
|
What is an As-Built?
The final set of plans that show how the project was actually built and includes all changes.
|
What is Retail?
A type of commercial real estate property where you can buy goods or services including restaurants, shopping malls, and grocery stores.
|
What is a Lender?
Someone who lends money to a developer for construction of a building on land.
|
What are Defective [or damaged] Materials?
Too much water or sand in a concrete mix, lumber cut from undersized trees and improperly graded steel.
|
What is a Change Order?
An approved or proposed change to the original set of construction contracts
|
What is Office?
A type of commercial real estate property where people go to work.
|
What is a Broker?
A person who arranges a sale transaction between a buyer and seller, or a lease between a landlord and tenant.
|
What is Stacking of Trades?
Operations taking place within physically limited space with other contractors, resulting in personnel congestion, inability to conveniently use or locate tools, increased loss of tools, additional safety hazards and reducing optimum crew size.
|
What is a Mechanic's Lien?
A legal claim by a contractor or subcontractor against the project property when they haven't received payment
|
What is Industrial?
A type of commercial real estate property that can be used for manufacturing or as a warehouse.
|
What is a Developer?
An individual or company that plans, develops and builds a commercial real estate project.
|
What is Project Management?
The planning, organizing and overseeing of the various tasks and phases involved in a construction project.
|