Construction Terms
Value engineering (VE) An analysis and comparison of cost versus value of building materials, equipment, and systems. VE considers the initial cost of construction, coupled with the estimated cost of maintenance, energy use, life expectancy, and replacement cost. Design-bid-build (DBB) A traditional method of construction project delivery involving the selection and award of professional design services followed by a separate process for construction services once the design documents are complete. Construction management A professional service that applies to effective management techniques to the planning, design, and construction of a project from inception to completion for the purpose […]