Bid shopping
A practice by which contractors, both before and after their bids are submitted, attempt to obtain prices from potential subcontractors […]
Glossary
contractor
Glossary
Contractor
A company licenced to perform certain types of construction activities. In most states, the general contractors licence and some specialty
Glossary
final payment
Payment made by the owner to the contractor, upon issuance by the architect of the final certificate for payment, of
Glossary
contractors estimat
1. A forecast of construction cost, as opposed to a firm proposal, prepared by a contractor for a project or
Glossary
contractors affidavit
A certified statement of the contractor, properly notarized, relating to payment of debts and claims, release of liens, or similar
Glossary
change order
A written order to the contractor signed by the owner and the architect, issued after the execution of the contract,