Glossary of Terms
Glossary of Terms
Adaptive Reuse: Conversion of existing facilities for an alternative use.
Architect: A professionally licensed designer of buildings for commercial and/or residential construction projects.
Commercial Construction: The building facilities for the conduct of business/commerce. Commercial construction includes structures for retail shops, medical buildings, industrial and manufacturing facilities, professional office buildings, restaurants, hotels and more.
Condominium: A form of real estate ownership wherein multiple owners’ rights and responsibilities are dictated by an offering plan and organizational by-laws that have been registered with the State, including the declaration of privately and community owned property.
Construction Management (Construction Services): The provision of supervision, scheduling and coordination of all construction activity, which may include the provision of portions of the construction work with the manager’s own forces.
Design-Bid-Build (Construction Services): The formerly traditional procurement method whereby the project is phased: design contracts provide completed designs, bid prices are sought, and the construction work is separately contracted.
Design-Build (Construction Services): An all inclusive service procurement method that provides single source responsibility for building design, budgeting and construction.
Design-Manage (Construction Services): A hybrid service procurement method that provides single source responsibility for design and construction supervision. This procurement model is useful for public construction projects, which are statutorily required to contract for design and supervision, and separately for construction trade work.
Energy Efficient Design: An integrated planning product that combines leading edge consideration of building envelope, systems and equipment to reduce operating energy costs.
Engineer: A professionally licensed designer of a particular building specialty including civil (site), structural, heating, and electrical designs.
G-Max (or GMP): Guaranteed Maximum Price- a provision in a Design-Build procurement contract whereby the owner, designer and builder team agree on the limit of the owner’s expenditure to provide the agreed scope of work. This figure is reached upon agreement on the project requirements and thereafter governs the design and construction activities.
Geothermal Heating and Cooling: A heat pump system utilizing the earth as a heat reservoir, either as a source to heat a building, or a sink to withdraw heat and cool a building.
Historic Rehabilitation: The repair and renovation of existing features. The result of rehabilitation may appear similar to the original but is accomplished with less concern with product authenticity than does restoration.
Historic Restoration: The reestablishment and recreation of preexisting and/or original features.
Maintenance Free Living: Residences that have certain specified services normally required for habitation upkeep provided for the residents. Such services are provided in accordance with a residency agreement and may include lawn maintenance, snow plowing and building repairs and may include property insurance as part of the fee.
Multi-Family Residence: A residential unit within a multi-unit building. The ownership of the multiple units may lie with a single entity, in which case the units are rented apartments, OR the units may be individually owned as condominiums with shared responsibilities for common owned elements.
Private Construction: The building of facilities for particular persons or corporations.
Public Construction: The building of facilities for the conduct of government related activities. Provision of construction services for public facilities and/or that is financed by public funds is subject to statutes regulating wage rates, subcontracting and bidding.
Real Estate Development: The improvement of real property, which encompasses the planning, financing, design and construction of facilities, be they public, commercial or residential.
Residential Construction: The building of facilities for habitation. Residential construction typically including single family homes and houses, townhomes, condominiums and apartment complexes.
Senior Residence Community: An age restricted, multi-family residence offering a menu of services that allow residents to “age in place” as their needs for assistive services increases. Often referred to as a Senior Living Center or Senior Living Facility.
Single Family Home: A single residential house/home located on an individually deeded lot.
Townhome: A residence sharing a party wall(s) with adjacent residence unit(s). Ownership rights and responsibilities may or may not be subject to a registered homeowner’s association plan. Ownership typically includes a defined plot of land associated with the structure.