- 1 What is an ASI?
- 2 What is a PR in construction?
- 3 What is a CCO in construction?
- 4 What is GNP construction?
- 5 What is ASI What are its functions?
- 6 How much does it cost to join ASI?
- 7 What is a RFI in construction?
- 8 What is the difference between a bulletin and an addendum?
- 9 What does CCO mean?
- 10 WHO issues change orders?
- 11 What does price and proceed mean?
- 12 What is the difference between lump sum and cost plus a fee compensation?
- 13 What is the difference between lump sum and GMP?
What is an ASI?
In architecture, the ASI definition is “architect’s supplemental instruction.” Architects use it to request design or construction changes that won’t affect the cost or time of a project.
What is a PR in construction?
ASI – Architectural Supplementary Instruction. PR – Proposal Request. CPR – Change Proposal Request.
What is a CCO in construction?
A construction change order is any change to the original contract regarding the scope of work, price or schedule agreed upon between any of two parties in a construction project.
What is GNP construction?
A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price.
What is ASI What are its functions?
The Archaeological Survey of India (ASI) is an attached office in the Ministry of Culture. ASI’s function is to “explore, excavate, conserve, preserve and protect the monuments and sites of National & International Importance.”
How much does it cost to join ASI?
ASI Basic Membership is $29.99 per month for your first year. There is also a one-time-only, non-refundable application fee of $150. This can be paid online with a credit card or by check through the mail to the listed address.
What is a RFI in construction?
The goal of the Request For Information (RFI) is to act as a partnering tool to resolve these gaps, conflicts or subtle ambiguities during the bidding process or early in the construction process to eliminate the need for costly corrective measures.”
What is the difference between a bulletin and an addendum?
What is the difference between a bulletin and an addendum? Heather Salisbury CSI, AIA, LEED AP, agreed, adding, “In my 25 years of practice an addendum is a modification prior to contract award and a bulletin is after award. They look the same as far as how the list of changes are shown.
What does CCO mean?
The chief commercial officer (CCO) (sometime referred to as the chief business officer) is an executive-level role, with the holder being responsible for the commercial strategy and the development of an organization.
WHO issues change orders?
7.2. 1 ” A change order is written instrument prepared by the architect and signed by the owner, contractor, and architect”
What does price and proceed mean?
The contract clearly states that if there is a price dispute, the subcontractor must proceed with the work and an equitable adjustment will be provided at a later date.
What is the difference between lump sum and cost plus a fee compensation?
With a lump sum contract, all the risk is placed on your contractor. Cost plus, you take on all the risk. Everything is billable, and the contractor has no risk for this. In return, you might be charged a lower markup.
What is the difference between lump sum and GMP?
Lump sum — or fixed price — and cost-based contracts are the two main players in this arena, the latter of which is the basis for the cost-plus-fee with a guaranteed maximum price contract, or GMP. There is a cap on how much the owner will pay the contractor, and this cap is the guaranteed maximum price.