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Construction glossary
Construction Glossary •

Top-of-Chain, or High-Tier

What is Top-of-Chain or High-Tier?

Top-of-Chain or High-Tier refers to the superior position in a hierarchical structure within the construction industry, often denoting the entities or individuals who have the utmost authority or control. This could involve top-tier construction companies, project managers, stakeholders, or contractors who handle major decisions and oversee the whole project operations. These high-tier participants are responsible for ensuring the project is executed according to the plan, budget, and timeframe. They manage sub-contractors, labor crews, purchase materials, and communicate with clients. Their decisions have significant influence on the project's success. Being at the top of the chain, they often bear the highest level of risk, but also stand to make the most profit.

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Other construction terms

Mortgage

What is a Mortgage?

A mortgage, within the framework of the construction industry, is essentially a loan secured by a real property through the use of a mortgage note to evidence the existence of the loan and the encumbr...
AIA Billing

What is AIA® billing?

AIA® billing is a standardized payment application process for construction projects. Developed by the American Institute of Architects (AIA®), it uses specific forms—primarily the G-702® Application ...
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...

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