Hotel Development & Investment

delegated authority

Power granted to a person to execute and approve contracts on behalf of another person, depending on the nature and complexity of the contract or comm [...]

delegated authority2024-09-16T09:22:40+02:00

competitive sealed proposals

A version of the design-bid-build project delivery model where a group of contractors submit a proposal to do the work that includes both fees and a p [...]

competitive sealed proposals2024-09-16T09:22:03+02:00

competitive bids

A version of the design-bid-build project delivery model where a group of contractors submits bids for the scope of work as defined in the contract do [...]

competitive bids2024-09-16T09:22:02+02:00

construction manager at risk

A project delivery model where a developer engages and consults a construction manager to provide cost feedback during the design process, who then us [...]

construction manager at risk2024-09-16T09:22:12+02:00

sustainability certification system

A system that assesses and verifies the sustainability of buildings and/or building products – a single aspect or a range of sustainable characteristi [...]

sustainability certification system2024-09-16T09:28:14+02:00

implied warranty

A warranty that is conferred by custom or law, making the seller de facto liable for the breach of warranty penalties. [...]

implied warranty2024-09-16T09:24:31+02:00
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