by mike | Oct 31, 2024
An initial payment made by the client to the contractor before work begins on a construction project. Upfront payments may cover mobilization costs, procurement of materials, or other initial expenses, helping the contractor manage cash flow and commence work... by mike | Oct 31, 2024
Improvements made to existing structures or systems to enhance functionality, efficiency, or value. Upgrades in construction can include modernizing facilities, incorporating new technologies, or enhancing building performance to meet current standards or client... by mike | Oct 31, 2024
Essential public services required for a building’s operation, including water supply, sewage, electricity, gas, telecommunications, and internet. Planning for utilities involves coordinating with utility companies, ensuring proper installation, and obtaining... by mike | Oct 31, 2024
The process of determining the value of work completed on a construction project, often used for interim payments, budgeting, and financial reporting. Valuations help assess progress and ensure that payments align with the work performed. by mike | Oct 31, 2024
A person or company that supplies goods or services to a construction project. Vendors provide essential materials, equipment, or specialized services, and establishing reliable vendor relationships is crucial for project success.