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The contractor also uses this information in installation, using dimensions and installation data from the submittal. The construction documents, specifically the technical specifications, require the contractor to submit product data, samples, and shop drawings to the architect and engineer for approval. This is one of the first steps that is ...
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.
A shop drawing is a drawing or set of drawings produced by the contractor, supplier, manufacturer, subcontractor, consultants, or fabricator. [1] Shop drawings are typically required for prefabricated components. Examples of these include: elevators, structural steel, trusses, pre-cast concrete, windows, appliances, cabinets, air handling units ...
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 ...
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]
The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...