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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

Chart of Accounts

What is a Chart of Accounts?

A Chart of Accounts (COA) in the construction industry is essentially a financial organizational tool that provides a complete listing of every account in an accounting system. These accounts are typi...
Guaranteed Maximum Price (GMP)

What is a Guaranteed Maximum Price (GMP)?

A guaranteed maximum price (GMP) is a financial cap used in construction contracts, representing the highest possible price a client can expect to pay for a particular project. This cap encompasses ra...
Quick Ratio

What is a Quick Ratio?

A Quick Ratio, also known as the Acid-Test Ratio, is a financial metric prevalent in several industries including construction. In the construction sector, it's used to evaluate a company's short-term...

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