Bill of Materials
A bill of materials is a list of the materials required to construct a project or part of a project,
Bill of Quantities (BOQ)
A bill of quantities (BOQ) is a document that sets out the work required to complete a construction project as
BIM
Building Information Modelling (BIM) is the process of creating and managing a digital representation of the physical and functional characteristics
Blockchain
A blockchain is a digital method of recording data so that every participant has access to the same information. It
Bond
A bond usually refers to a performance bond: a guarantee given by a bank or insurance company (the surety) to
Building Systems
Building systems are the constituent parts of a building or built asset, including, but not limited to, structural systems, mechanical
Building Work(s)
Building works are all the components measured and included in group elements 1 to 8 of NRM 1, which together
Building Works Estimate
The building works estimate is the sum of the cost targets for group elements 1 to 8 under NRM 1.
Buy-To-Let
Buy to let is the purchase of a residential property specifically to let it out to tenants, usually with the
Capital Allowances
Capital allowances are used by the government to provide an incentive to invest in capital equipment, including commercial property, by
