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Construction glossary

The job-site, budgeting and unit-price terms used in construction, explained clearly and with examples.

Advance Payment Advance payment recovery Bill of Quantities (BOQ)Change order Construction bidding Construction cost estimate Construction crew Construction Input Construction payroll (raya)Construction site log Cost baseline Cost estimation Cost overrun Critical path Daily attendance log (roll call)Day Rate Direct cost Final account (final settlement)Financial progress Indirect costs Input Takeoff Labor Burden Factor Material Requisition Measurement backup sheet Petty cash (construction)Physical progress Piecework Price escalation Productivity (Output Rate)Profit (in construction)Progress billing Public works Purchase order (PO)Quantity takeoff Quantity Takeoff (Work and Material Quantities)Retainage (retention)Subcontract Surety Bond Tender Unit Price Unit Price Analysis (UPA)Unit price book Work front Work quantity Work Section (Cost Group)