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N

Notice of Award – A letter from an owner to a contractor stating that a contract has been awarded to the contractor and a contract will be forthcoming, which usually functions as a Notice to Proceed.

Notice to Proceed – A notice from an owner directing a contractor to begin work on a contract, subject to specific stated conditions.

O

Owner – An individual or corporation that owns a real property.

P

Performance Specifications – The written material containing the minimum acceptable standards and actions as may be necessary to complete a project. Including the minimum acceptable quality standards and aesthetic values expected upon completion of the project.

Project – A word used to represent the overall scope of work being performed to complete a specific construction job.

Project Manager – A qualified individual or firm authorized by the owner to be directly responsible for the day-to-day management and administration, and for coordinating time, equipment, money, tasks and people for all or specified portions of a specific project.

Project Site – The place where a structure or group of structures was, or is to be located, i.e., a construction site.

Project Team – Consists of the architect/engineer, construction manager, and owner representatives, plus the designated leaders of contracted vendors, suppliers, subcontractors and other consultants.

Proposal – A written offer from a bidder to the owner, preferably on a prescribed proposal form, to perform the work and to furnish all labor, materials, equipment and/or services for the prices and terms quoted by the bidder.

Purchase Order – A written document from a buyer to a seller to purchase materials, services, equipment or supplies with acceptable purchase terms indicated.

Glossary

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