and answers with solutions
Building Information Modeling (BIM) - ANSWER "Enables project
participants to access various digital
models throughout the design process without having
to wait for paper drawings to be produced and
delivered."
[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 from an estimate by the designer
for the amount of work (hours) necessary by task."
[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."
,[Special Topics, In-House Design/Construction Services]
Time and Materials Fee - ANSWER "Used for projects of unknown scope.
The fees are
directly charged based on the hourly rates and the
number of hours required to perform a task."
[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."
[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 on an institution's land."
[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 interests in property."
[Special Topics, Real Estate]
, Repair - ANSWER "Reconstruction or renewal of any part of an existing
building for the purpose of maintaining it."
[Special Topics, Renovations]
Alteration - ANSWER "Construction or renovation to an existing structure
rather than repair or addition."
[Special Topics, Renovations]
Restoration - ANSWER "The process of accurately reconstructing or
repairing
the forms and details of a building or structure or
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."
[Special Topics, Renovations]
Preservation - ANSWER "The act or process of applying measures
necessary to
sustain the existing form, integrity, and materials of a
historic property."
[Special Topics, Renovations]
Rehabilitation - ANSWER "The act or process of making possible a
compatible use