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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.
Shop drawings are produced by contractors and suppliers under their contract with the owner. The shop drawing is the manufacturer’s or the contractor’s drawn version of information shown in the construction documents. The shop drawing normally shows more detail than the construction documents.
Submittals (construction) Submittals in construction management can include: shop drawings, material data, samples, and product data. Submittals are required primarily for the architect and engineer to verify that the correct products will be installed on the project. [1]
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 unions have bargaining rights ...
Federal Reserve Bank of New York President John Williams said that the central bank's next move will likely be to lower interest rates, though the timing is unclear. He said that he expects that U ...
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An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.