A portion of a contractor's payment that is withheld until project completion, ensuring all work meets the required standards.
A contract between two contractors, when one provides labor or services on a construction project.
An amendment to the original construction contract that documents modifications to the scope, cost, time, or design of the project.
A document that outlines the price and quantity of goods or services necessary to complete a project contract as agreed upon by two parties.
Unique Identifiers that allow companies to track, organize, and categorize costs.
A method that accounts use to track spending by job. Can be used to track profits and keep a construction project within a budget.
A proposal of the price of a construction project. Typically, based on design specifications and other criteria.
A document that details the costs for a construction project. It is used to forecast how much it will cost to build the structure in the project plan.
A document sent by contractors for approval by the design team, confirming the resources planned for construction meet the contract requirements.
A document detailing outstanding tasks or minor issues that need resolution before a construction project can be deemed complete.
Cost Code
Vendor Purchase Order
Submittal
Vendor Subcontract
Estimate
Job Costing
Punch List
Bid
Change Order
Retainage
Crane
Forklift
Dozer
Excavator
Telehandler
Scissor Lift
Loader
Skidsteer
Boom Lift