Construction Glossary

Construction Glossary

Construction Terms You May Need To KnoW 1. RFP – Request for proposal or when an owner requests pricing from General Contractors to bid a project2. SOV – Schedule of Values or a statement furnished by the contractor reflecting the contract sum for the various parts of...
What is Value Engineering?

What is Value Engineering?

According to The National Institute of Building Sciences, value engineering is a conscious, clear set of disciplined procedures designed to seek out optimum value for both initial and long-term investments. In other words, value engineering promotes the...