| A | B |
|---|
| Percentage Fee | A fee for services, expressed as a percent of the final cost of construction. |
| Professionalism | Essentially; considerate, courteous, ethical behavior when dealing or communicating with others on a construction project. |
| Program Management | Services provided to an owner who has more than one construction project, for the purposes of providing standardized technical and management expertise on all projects. (As approved by CMAA) |
| Project Budget | The target cost of the project established by the owner and agreed to be achievable by the team. The Project Budget usually includes the cost of construction and the CM fee, plus any other line-item costs (land, legal fees, interest, design fees, Cm fees, etc.) that the owner wished to have included in the budget. |
| Project Costs | Costs expended on a project and which debit the line items that comprise the Project Budget. |
| Public Sector | The domain where owners fund projects with monies that come in whole or in part from taxes. |
| Quality | The value levels of material and equipment selected by the A/E, Conformance to the technical specifications during construction. |
| Quality Assurance | The procedure established by the Project Team to inject and extract the level of quality designated by the owner. |
| Quality Control | That part of the Quality Assurance procedure that determines if specified quality is attained. |
| Questionable Practices | Practices, standard or otherwise, that are not totally productive or are unfriendly or unfair to those parties that the practices interface. |
| Reimbursable Expense | Charges to the owner covering costs for services that could not or intentionally were not quantified at the time the fee arrangement was made. |
| Start-Up | The period prior to owner occupancy when mechanical, electrical, and other systems are activated and the owner’s operating and maintenance staff are instructed in their use. |
| Static Decisions | Decisions that are made or can be made under the full influence of the project team’s checks and balances. |
| Static Risks | Risks inherent to the project-delivery process which occur or can occur by accident and have no opportunity for gain in the manner of their disposal. |
| Value | The intrinsic worth of something determined on an individual basis. |
| Value Management | The matching of project decision and directions with the express requirements of the owner, from an owner value derived perspective. |
