speculative construction definition
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speculative Legal Definition of speculative. 1  1 : involving, based on, or constituting intellectual speculation; also : theoretical rather than demonstrable speculative medical testimony concerning the cause of death. 2  2 : of, relating to, or being a financial speculation speculative securities speculative home building.
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Definition means and methods of construction. A term used in construction to describe the day-to-day activities a contractor employs to complete construction. Means and methods of construction are ordinarily understood to be covered under general liability policies, rather than professional liability policies.
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construction drawings Dictionary of Construction. The portion of the contract documents that gives a graphic representation of the work to be done in the construction of a project.
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- Dictionary of Construction. The maximum time required for an activity under adverse conditions. It is generally held that an activity would have no more than one chance in a hundred of exceeding this amount of time.
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construction Definition of construction. 1  1 : the act or result of construing, interpreting, or explaining. 2  2a : the process, art, or manner of constructing something Construction of the new bridge will begin in the spring.; also : a thing constructedb : the construction industry working in construction.
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What is 'Construction Lien' DEFINITION of 'Construction Lien'. A claim made against a property by a contractor or other professional who has supplied labor or materials for work on that property.Construction liens are designed to protect professionals from the risk of not being paid for services rendered.EFINITION of 'Construction Lien'. A claim made against a property by a contractor or other professional who has supplied labor or materials for work on that property.
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Neusis Construction Neusis Construction A geometric construction, also called a verging construction, which allows the classical geometric construction rules to be bent in order to permit sliding of a marked ruler. Using a Neusis construction, cube duplication, angle trisection, and construction of the regular heptagon are soluble.
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Labor Standards -- Prevailing wage definitions of construction types Residential construction or agricultural construction means all construction, remodeling, or repairing of single or two family homes and structures appurtenant thereto including agricultural or farming buildings appurtenant to private farm residences when utilized to carry on primary farming operations.
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speculate verb (used without object), speculated, speculating. 1. to engage in thought or reflection; meditate (often followed by on, upon, or a clause). 2. to indulge in conjectural thought.
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What is lean construction? Lean construction is a philosophy based on the. concepts of lean manufacturing. It is about managing. and improving the construction process to profitably. deliver what the customer needs. Because it is a philosophy, lean construction can be. pursued through a number of different approaches. This fact sheet outlines the elements of lean. manufacturing and suggests how these might be. adapted to deliver lean construction in practice. Lean manufacturing. Lean manufacturing was initially pioneered and.
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Definition of Builder's Risk Insurance A builder’s risk insurance policy provides temporary coverage during the construction phase of a house or other building. Standard builder’s risk policies cover financial loss occurring from damage to the structure, to materials stored on the job site and to material in transit to the site.
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How much is a Greyhound bus ticket from Ontario to Vancouver British Columbia? A Greyhound bus ticket from Edmonton to Vancouver will cost approximately $133.00 - $148.00 depending on the fare type selected. The price of a bus ticket depends on the fare … type purchased (example: refundable, non-refundable, return, one-way).
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- A better definition could be, “Falsework is any temporary structure, in which the main load bearing members are vertical, used to support permanent structures, used to support a permanent structure and associated elements during the erection until it is self supporting.”
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Neusis Construction Neusis Construction. A geometric construction, also called a verging construction, which allows the classical geometric construction rules to be bent in order to permit sliding of a marked ruler. Using a Neusis construction, cube duplication, angle trisection, and construction of the regular heptagon are soluble.
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What Is a Construction-to-Permanent Loan? You can use a construction-to-permanent loan to build a home. A construction-to-permanent loan is a type of mortgage you can use to finance both the building and the purchase of a new home. You can potentially save money on closing costs and avoid underwriting complications when you use one of these loans to finance your new house.
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Frequently Asked Questions: Constructor Guideline The dictionary definition for “undertake” is “make oneself responsible for”, which means a constructor is a person who is responsible for a project. The definition of “employer” in section 1 of the Act includes contractors and subcontractors.
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- building trades. 1. those trades, as carpentry, masonry, and plastering, that are primarily concerned with the construction and finishing of buildings. Not only the building trades, as in Boston, but most of the mechanical branches were involved. Few of the men were fitted for the heavy labor of the building trades.
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Construction Company Overview To assemble a building, home, or structure, a construction company must operate in the most efficient manner possible.he laws which govern the construction process are aimed at preventing cataclysmic events in the future. Explosions, bridge collapses, faulty structures, and wrongful deaths are examples of certain calamities that can occur if a construction company fails to adhere to the governing laws of their project.
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Lean construction Lean construction. Lean construction is a combination of operational research and practical development in design and construction with an adaption of lean manufacturing principles and practices to the end-to-end design and construction process. Unlike manufacturing, construction is a project-based production process. Lean construction is concerned with the alignment and holistic pursuit of concurrent and continuous improvements in all dimensions of the built and natural environment: design, construction, activati
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What is 'Construction Interest Expense' DEFINITION of 'Construction Interest Expense'. Any interest that is paid during the construction phase of a building or other tangible property. The interest may be incurred directly as the result of a construction loan. Construction interest expense is treated differently than other types of business-related interest (see below).
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10 CONSTRUCTION, MODERNIZATION, OR MAJOR ALTERATION AND RENOVATION OF RESEARCH FACILITIES Page Content. Design-Build is a method of project delivery in which one entity – the design-build team – works under a single contract with the project owner to provide design and construction services.
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How to Gauge the Cost of an Office Build-Out How to Gauge the Cost of an Office Build-Out. A good build-out means the difference between ordinary, uninspiring space, and office space with explosive impact: a personnel-attracting, client-pleasing environment that highlights your company's brand. Construction costs are often prohibitive, however, for companies desiring to build-out.
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estimator Definitions (4). 1. Construction: Consultant or a construction company employee who analyzes tender documents, architect's drawings, and bill of quantities to accurately estimate the cost of a construction project including the associated supplemental costs and the expected profit.2.. Construction: Consultant or a construction company employee who analyzes tender documents, architect's drawings, and bill of quantities to accurately estimate the cost of a construction project including the associated supplemental costs and the expected profit.
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- Dictionary of Construction. An accurate, detailed, and concise description of the work to be performed by the contractor, the owner, and third parties in a construction contract.
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What is 'Speculation' What is 'Speculation'. Speculation is the act of trading in an asset or conducting a financial transaction that has a significant risk of losing most or all of the initial outlay with the expectation of a substantial gain. With speculation, the risk of loss is more than offset by the possibility of a huge gain, otherwise there would be very little motivation to speculate.
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Builder's Risk Insurance Policies Contractors can insure their construction projects by buying what is known as builders all-risk or specified perils insurance policies. Builders policies are meant to protect construction project property by insuring against almost every conceivable risk that a builder could become liable for during the construction.