Bill of Materials
A list of materials required for the construction of a project or part of a project, which may include quantities.
Bill of Quantities (BOQ)
A document that lists all the materials, labor, and equipment required to complete a construction project, along with their quantities
BIM
Building Information Modelling (BIM) is a digital representation of physical and functional characteristics of a facility.
Blockchain
Definition In simple terms, a blockchain is a digital process for recording data in a way that allows every participant
Bond
Usually refers to a performance bond, which is a surety bond issued by an insurance company or a bank to
Building Systems
The constituent parts of a building, or built asset, including, but not limited to, structural systems, mechanical and electrical systems,
Building Work(s)
All components measured and incorporated in group elements 1 to 8.
Building Works Estimate
The sum of the cost targets for group elements 1 to 8. It excludes the facilitating works estimate, as well
Buy-To-Let
The purchase of a property specifically to be let out.
Capital Allowances
Capital allowances are used by the government to provide an incentive to invest in capital equipment, including commercial property, by
