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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

Preliminary Notices

What are Preliminary Notices?

Preliminary Notices are legal documents that are commonly used in the construction industry. These notices are also known as pre-lien notices or notices to owner. They are typically sent at the beginn...
Balance Sheet

What is a Balance Sheet?

A Balance Sheet, in the context of the construction industry, is an essential financial statement that provides a snapshot of a construction business's financial condition at a specific point in time....
Equity

What is Equity?

Equity in the construction industry refers to the financial investment made by the stakeholders in a construction project. It's essentially the difference between the overall project cost and the amou...

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