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  • Term
    Definition
  • Income before taxes are deducted.
  • A legally binding contract that lays out specific work that a contractor must fulfill as part of a construction project.
  • A bond issued by a surety on behalf of a contractor that provides assurance to the recipient of the contractor's bid that, if the bid is accepted, the contractor will execute a contract and provide a performance bond. Under the bond, the surety is obligated to pay the recipient of the bid the difference between the contractor's bid and the bid of the next lowest responsible bidder if the bid is accepted and the contractor fails to execute a contract or to provide a performance bond.
  • Funds or a bid bond submitted with a bid as a guarantee to the recipient of the bid that the contractor, if awarded the contract, will execute the contract in accordance with the bidding requirements of the contract documents.
  • A practice by which contractors, both before and after their bids are submitted, attempt to obtain prices from potential subcontractors and material suppliers that are lower than the contractors' original estimates on which their bids are based, or after a contract is awarded, seek to induce subcontractors to reduce the subcontract price included in the bid.
  • The procedures and conditions for the submission of bids. The requirements are included ion documents, such as the notice to bidders, advertisements for bids, instructions to bidders, invitations to bid, and sample bid forms.
  • A bathroom fixture with hot and cold running water, which is used mainly for cleansing the posterior parts of the body. Bidets originated in France.
  • Doors that are hinged in the middle for opening in a smaller area than standard swing doors. Often used for closet doors.
  • A receipt for a deposit to secure the right to purchase a home at an agreed terms by a buyer and seller.
  • Doors that slide by each other and commonly used as closet doors.
  • Bird Dog is a real estate investing term that refers to a type of broker or agent who spends their time trying to locate properties with substantial investment potential.
  • A notch that is cut out of a rafter where it rests on a bearing wall.
  • A mortgage with payments due every two weeks (instead of monthly).
  • Fiberglass or rock-wool insulation that comes in a roll.
  • A mortgage that covers more than one parcel of real estate.
  • A blind corner cabinet is designed so that wall or base cabinets from a 90 degree intersecting wall can butt up against part of their face. Blind corner cabinets normally have a deep interior space that can only be accessed from the section that is exposed.
  • When a potential buyer makes an offer on a property they haven’t seen, in an attempt to be first and have an offer accepted. Most common in a highly competitive market and/or circumstance.
  • Bubbling that can form on a newly painted surface. Blistering is sometimes caused by excessive heat, early application of a second coat of paint (before the first coat is dry), or moisture in the painted surface.
  • To install a box or barrier within a foundation wall to prevent the concrete from entering an area. For example, foundation walls are sometimes "blocked" in order for mechanical pipes to pass through the wall, to install a crawl space door, and to depress the concrete at a garage door location.
  • Small wood pieces to brace framing members, prevent wood members from twisting , or provide a support to adjacent structure.
  • Fiber insulation in loose form and used to insulate attics and existing walls where framing members are not exposed.
  • Another phrase for Utility Notification. This is when a utility company (telephone, gas, electric, cable TV, sewer and water, etc.) comes to the job site and locates and spray paints the ground and/or installs little flags to show where their service is located underground.
  • The architect- or engineer-produced two-dimensional technical drawings that provide specifications of materials and measurements to be used for a construction project or remodel. Named for early form of duplicating large format documents known as a cyanotype.
  • Occurs on painted surfaces and is caused by the presence of moisture during drying. Blushing can occur with any type of paint but most notably distorts gloss coats or clear lacquer.
  • A unit of measure for lumber equal to 1 inch thick by 12 inches wide by 12 inches long. Examples: 1" x 12" x 16' = 16 board feet, 2" x 12" x 16' = 32 board feet
  • In good faith, without fraud.
  • A bond is an amount of money which secures a contractor’s license with a certified governmental agency. A bond can be used to pay unpaid bills held by the contractor, or as a guarantee or contingency that a project will be completed as planned.
  • A bond is an amount of money which secures a contractor’s license with a certified governmental agency. A bond can be used to pay unpaid bills held by the contractor, or as a guarantee or contingency that a project will be completed as planned.
  • An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan.
  • The lower or bottom horizontal member of a truss.
  • The horizontal members on the subfloor upon which the vertical studs are installed.
  • The horizontal members on the subfloor upon which the vertical studs are installed.
  • The horizontal members on the subfloor upon which the vertical studs are installed.
  • Similar to a bay window, a window unit composed of several window panels that form a bow shape projecting outward.
  • An inclined piece of framing lumber applied to wall or floor to strengthen the structure. Often used on walls as temporary bracing until framing has been completed.
  • The electrical box that distributes electric power entering the home to each branch circuit (each plug and switch) and composed of circuit breakers.
  • A breakfast bar can be created by placing a kitchen island or prep station against a framed knee wall and adding a second countertop at a higher level. The second countertop should extend out far enough to provide room for bar stools and knees.
  • Part of the foundation wall where brick (veneer) will rest.
  • The metal angle iron that brick rests on, especially above a window, door, or other opening.
  • Trim used around an exterior door jamb that siding butts to.

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