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Recruiter's Glossary
Industry
Examples:
Critical Path
•
Design-Bid-Build
•
Payment Application
Contracting Terms
Understanding these terms will help you better evaluate candidates and communicate with hiring managers
Addendum
Schedule of Values
Demobilization
Prime Contractor
Performance Bond
Liquidated Damages
IPD (Integrated Project Delivery)
Progress Payment
Progress Billing
Bid Bond
Lump Sum
Closeout Documents
AIA Documents
Design-Build
Change Directive
JOC (Job Order Contracting)
Special Conditions
Cost Plus
Project Schedule
Milestone
General Conditions
Final Completion
Warranty Period
Scope of Work
Design-Bid-Build
Back Charge
Notice to Proceed
Pre-Qualification
Release of Liens
Lien Waiver
GMP (Guaranteed Maximum Price)
Bid Package
Critical Path
Retention
Force Majeure
Time and Materials
CM at Risk
O&M Manuals
Payment Application
Punch List
Site Conditions
Subcontractor
Payment Bond
As-Built
Substantial Completion
Mobilization
Unit Price
Float Time
Hard Bid
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