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Punch list. A punch list is a document prepared during key milestones or near the end of a construction project listing works that do not conform to contract drawings and specifications that the general contractor must correct prior to final payment. [1] The work may include incomplete or incorrect installations or incidental damage to existing ...
The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada. In 2004, MasterFormat was updated and expanded to 50 Divisions. [1]
Term sheet. A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition. [1] It may be either binding or non-binding.
Project Labor Agreement. A Project Labor Agreement ( PLA ), also known as a Community Workforce Agreement, [1] is a pre-hire collective bargaining agreement with one or more labor unions that establishes the terms and conditions of employment for a specific construction project. [2] Before any workers are hired on the project, construction ...
Here are the top 11 things you need to know before (or even after) you sign an Independent Contractor Agreement: Many employers try to save money on taxes and escape liability under employment ...
Work method statement. A work method statement, sometimes referred to as a safe work method statement or SWMS or a safe work procedure, is a part of a workplace safety plan. [1] It is primarily used in construction to describe a document that gives specific instructions on how to safely perform a work related task, or operate a piece of plant ...