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| Construction Terminology | ||||
| • General Construction Agreement - Lump Sum | • Retainage |  |
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| • Construction Management Contract - GMP | • Schedule of Values | |||
| • Guaranteed Maximum Price (GMP) | • Pay when Paid | |||
| • Change order | • Letter of Intent | |||
| • Cost Event | • Labor Rates | |||
| • Back-charge | • Union Agreement | |||
| • Preconstruction | • Certified Payroll | |||
| • Application for Payment | • Capital Plan | |||
