Material Procurement
Material procurement is the process of acquiring the materials and supplies needed to complete a construction project. It covers the
Material Takeoff
A material take-off (MTO) is the process of quantifying and listing all the materials, components and equipment required for a
Measurement and Payment
Measurement and payment are two closely linked aspects of managing a construction contract. Together they make sure the work completed
Payment Certificate
A payment certificate is a document that confirms the amount due to a contractor for the work completed during a
Progress Payment
A progress payment is a payment made by the client to the contractor during the course of a construction project.
Project Management
Project management is the process of planning, organising, directing and controlling the resources required to complete a construction project successfully.
Retention
Retention in construction is the practice of withholding a percentage of the payment due to a contractor or subcontractor, by
Site Investigation
A site investigation is the process of gathering and analysing information about a construction site to assess its suitability for
Variation Account
A variation account is a record that tracks the changes, additions and omissions made to the original scope of work
Variation Order
A variation order is a formal written instruction that changes the scope, quality or duration of a construction project after
