final payment
Payment made by the owner to the contractor, upon issuance by the architect of the final certificate for payment, of […]
Glossary
owner
Glossary
contractors affidavit
A certified statement of the contractor, properly notarized, relating to payment of debts and claims, release of liens, or similar
Glossary
contracting officer
The person designated as an official representative of the owner with specific authority to act in his behalf in connection
Glossary
contingent agreement
Any agreement under which the rights or obligations of a party are subject to the happening of a stated contingency,
Glossary
contingency allowance
A sum designated to cover unpredictable or unforeseen items of work, 1 or changes subsequently required by the owner.
Glossary
construction documents phase
The third phase of the architects basic services. In this phase the architect prepares from the approved design development documents,
Glossary
construction cost
The cost of all the construction portions of a project, generally based upon the sum of the construction contract(s) and
Glossary
changes in the work
Changes ordered by the owner consisting of additions, deletions, or other revisions within the general scope of the contract, the
Glossary
change order
A written order to the contractor signed by the owner and the architect, issued after the execution of the contract,