- Assumptions register
- A maintained list of every unproven input a project model depends on, with the evidence that would settle each one, an owner, a date and the consequence if it is wrong.
- Basis of bid
- The exact drawing set, revision date and addenda a contractor priced. Two bids on different bases are not comparable.
- Bid levelling
- Adjusting competing bids to a common scope by adding back exclusions and normalising allowances so the totals can be compared.
- Cost to complete
- The cost of finishing remaining scope at current pricing, including remediation, re-mobilisation, re-procurement, carry and claim resolution. Built from scope, not from the original budget.
- Entitlement
- The approvals that permit a defined use and intensity on a site — zoning, plats, site plan approvals and related permissions.
- General conditions
- The contractor's cost of running the project — supervision, temporary facilities, site services — as distinct from the installed work and from fee.
- Landowner joint venture
- A structure in which land is contributed at an agreed value in exchange for an interest in the venture rather than sold for a price.
- Owner representation
- Acting on the owner's side to oversee scope, cost, schedule, reporting and contract compliance during delivery. Advisory in nature, distinct from contracting or inspection.
- Reserved matters
- Decisions a joint-venture agreement removes from day-to-day management and requires specified partners to approve.
- Schedule of values
- The breakdown of the contract sum used to measure and pay for progress. Reconciling it against installed work is a basic owner control.
- Sources and uses
- A statement of where every dollar of project capital comes from and what each dollar pays for, including contingency and interest reserve.
- Sponsor readiness
- Whether a sponsor's entity records, authority, financials, experience record and project file can withstand lender or investor verification.
- Staged or takedown closing
- A land purchase completed in phases as a project absorbs the land, with price and timing agreed in advance.
- Utility capacity confirmation
- Written confirmation from the service provider that water, wastewater or power capacity exists for a planned project, and who bears the cost of extending service.