1. Define Engineer:
He is the person appointed by the owner. He is technically very sound in work an his job is to see that the work is being done by contractor entirely according to drawings and specification.
2. Define Owner:
The person of behalf of which work is to be done. He may be an individual or firm or organization.
3. Define Site:
Site means the place where the work is to be executed
4. Define Drawings:
The section, map, plans etc… which completely define the construction work geometrically is known as drawings
5. Define work:
It means the work is to be carried out under this contract.
6. What is called Tender Notice?
The notice inviting tender is called tender notice.
7. Define Specification:
The drawings of a structure show the propositions and its relative position of its various parts is called specification.
8. What are the objects of specification?
3. Aim of the project
9. What are the types of specifications?
1. Brief Specification.
2. General specification.
Arbitration is the settlement of a dispute by the decision not of a court or law but of one or more persons chosen by the parties themselves involved in the dispute.
11. Define Arbitrators:
The persons chosen have the right to take decision are called arbitrators.
12. What are the types of Arbitration?
1. Arbitration without intervention of court.
2. Arbitration with intervention of court and thre is no suit pending
3. Arbitration is suits.
13. What do you mean by Gross income?
It is total income that can be fetched from the property as rent or other source without deducting out goings, operational and collection charges.
14. Define Net income:
It is the amount left with the owner from the gross income after deducting outgoings, operational and collection expense.
15. Define Capital cost:
The total cost of construction of the project including land is called capital cost.