Bill of Quantities (BOQ)
An itemized contractual document listing detailed project tasks, units, estimated quantities, and unit rates for materials, labor, and plant.
Construction Management & Contracting Glossary
The authoritative civil, contractual, and cost accounting vocabulary for contractors.
Definitive Knowledge Base
Fundamental Operational & Financial Contracting Concepts
Asas construction SaaS uses these institutional standards to bridge site engineering logs with real-time financial cost accounting.
Progress Payment Certificate (Interim Claim)
A periodic billing claim submitted by the general contractor reflecting cumulative work completed on-site minus contractually specified retentions and advances.
Retention Money
A percentage (typically 5% to 10%) withheld from each progress payment to ensure the contractor remedies defects, released after substantial completion.
Cash Flow S-Curve
A visual cumulative graph plotting planned vs. actual project expenditures and billings over time to forecast working capital and identify liquidity bottlenecks.
Variation Order (Change Order)
A formal contractual amendment authorizing an alteration in scope, design, material, price, or completion timeline.
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