Penalty Clause

A contract provision imposing financial penalties for failing to meet specified obligations, such as deadlines.

Performance Gap

The discrepancy between a building’s expected performance and its actual performance after construction.

Permit

An official document issued by a governmental authority that allows specific construction activities to proceed. Obtaining permits ensures that the project complies with local building codes, zoning laws, and safety regulations.

Plywood

Engineered wood made of thin layers of veneer glued together, used for structural and decorative purposes. Get real time pricing for labor and materials with Projul

Post-tensioning

A method of reinforcing concrete by tensioning steel tendons after the concrete has hardened.