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Construction glossary
Construction Glossary •
Architect
What is an Architect?
An architect is a professional who works within the construction industry and is responsible for designing and planning buildings and oversee their construction. They utilize their specialized skills in art, science, technology, and humanities to design safe and functional buildings, from residential homes to large commercial properties. Besides the aesthetic aspect, their work also involves understanding structural integrity, safety regulations, and building codes. The role extends beyond design, it includes meetings with clients, contractors, engineers, and other professionals. Their intricate hand in shaping environments makes them a vital cog in the construction industry.
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Other construction terms
Cash Flow
What is Cash Flow?
Cash flow, as applied to the construction industry, refers to the net amount of money moving in and out of a construction business within a defined period of time. This includes income from clients, l...
Final Lien Waiver
What is a Final Lien Waiver?
A final lien waiver is a legal document that serves as a formal release of a contractor’s or subcontractor’s rights to file a lien against a property owner or project after they’ve received full payme...
Current Assets
What are Current Assets?
Current Assets in the construction industry represent the value of all assets that can reasonably be expected to be converted into cash within one fiscal year. This includes assets such as cash on han...
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