with solutions
Building Information Modeling (BIM) - ANSWER Enables project
participants to access various digital models throughout the design
process without have to wait for paper drawings to be produced and
delivered."
[ref. BOK - Planning, Design and Construction, Special Topics, Building
Information Modeling]
Lump Sum Fee - ANSWER Is a fixed -price agreement , broken down into
phases: Preliminary, design development, construction documents, and
construction administration. This is generally calculated for an estimate
by the designer for the amount of work(hours) necessary by task."
[ref. BOK - Planning, Design and Construction, Special Topics, In-House
Design/Construction Services]
Fixed Percentage of Cost Fee - ANSWER Used on larger projects of known
scope and budget. It is also often used as a comparator between
different consultants."
,[ref. BOK - Planning, Design and Construction, Special Topics, In-House
Design/Construction Services]
Time and Materials Fee - ANSWER "Used for projects on unknown scope.
The fee are directly charged based on the hourly rates and the number
of hours require to perform a task."
[ref. BOK - Planning, Design and Construction, Special Topics, In-House
Design/Construction Services]
Letter of Intent (LOI) - ANSWER "Defines the general terms and
conditions of a transaction and provides the basis for the drafting of a
subsequent agreement."
\ref. BOK - Planning, Design and Construction, Special Topics, Real
Estate]
Ground Lease - ANSWER "A lease of extended duration that is frequently
structured to allow the construction of improvements by the lessee of
an institution's land."
ref. BOK - Planning, Design and Construction, Special Topics, Real Estate]
Easement - ANSWER "Also known as deeded rights of way, involving the
long term or permanent conveyance between parties of certain rights,
privileges, and interested in property."
, [ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
Repair - ANSWER "Reconstruction of renewal of any part of an existing
building for the purpose of maintaining it."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
Alteration - ANSWER "Construction or renovation to an existing structure
rather than repair or addition."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]
Restoration - ANSWER "The process of accurately reconstructing or
repairing the forms and details of a building or structure of portion
thereof as it appeared at a particular period or periods of time by means
of removal of later work and/ or the replacement of missing original
work."
[ref. BOK - Planning, Design and Construction, Special Topics,
Renovations]