Term Definition: Contract documents are the complete set of written, graphic, and referenced materials that collectively define the legal and

Term Definition: The contract sum is the total amount agreed upon between the client and the contractor for carrying out

Term Definition: Cost analysis in construction refers to the detailed process of examining, categorizing, and evaluating project costs to determine

Term Definition: A cost baseline is the approved, time-phased version of a project’s budget that serves as the standard for

Term Definition: A cost code is a unique numerical or alphanumeric identifier assigned to specific construction activities, materials, or cost

Term Definition: Cost control in construction is the process of monitoring and managing project expenditures to ensure that actual costs

Term Definition - A cost estimate in construction is a detailed prediction of the total financial resources required to complete

Term Definition - A cost-plus contract is a construction agreement where the owner reimburses the contractor for actual project costs—such

Term Definition - The Critical Path Method (CPM) is a systematic construction scheduling technique used to determine the sequence of