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Construction glossary
Construction Glossary •

Voluntary Document

What is a Voluntary Document?

A Voluntary Document in the construction industry refers to a document that is not legally mandated but is often used to provide guidelines or recommendations to improve performance or efficiency in the construction process. These documents can serve various purposes such as setting industry standards, outlining best practices, facilitating coordination between different project stakeholders, or promoting sustainability. Examples of voluntary documents in the construction industry include technical specifications, quality guidelines, safety protocols, environmental guidelines, or even design criteria. While these documents are not legally binding, they often influence construction operations due to their direct impact on project quality, safety, and cost-effectiveness.

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Other construction terms

Construction Accounting

What is Construction Accounting?

Construction accounting is a distinct form of project-based accounting, designed specifically for the construction industry. It involves detailed tracking of costs, financial management of project tim...
Capitalize

What is Capitalize?

Capitalize is a term used across various industries, including the construction industry, generally referring to the practice of funding projects with capital or money. In construction, to capitalize ...
ASC 606

What is ASC 606, Revenue from Contracts with Customers?

ASC 606, Revenue from Contracts with Customers, is an accounting standard that provides a comprehensive, industry-neutral revenue recognition model intended to increase financial statement comparabili...

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