Retention

Retention in construction refers to a practice where a percentage of the payment due to a contractor or subcontractor is

RICS

Royal Institution of Chartered Surveyors – Professional body for surveyors.

Ridge

The highest point of a roof, where two sloping surfaces meet. It often features a ridge tile or ridge board

Risk Management

The process of identifying and mitigating potential risks that could affect the cost or schedule of a construction project.

Schedule

Is a document listing the elements of the works required on a project.

Schedule of Values

Is a detailed statement furnished by a construction contractor, builder or others outlining the portions of the contract sum. It

Scope

Scope of a project is the definition of what constitutes the proper work.

Site Investigation

A site investigation, in relation to construction, is the process of gathering and analysing information about a specific construction site

Soffit

The underside component of the eaves. Soffits can be ventilated to allow air flow into the roof space, helping to

Specification

A document prepared to identify the works and the level of quality required on a project.