Construction Glossary—V
Construction Glossary—V

The following Construction practice note provides comprehensive and up to date legal information covering:

  • Construction Glossary—V
  • Valuation
  • Value engineering
  • Variation
  • Vesting clause

Construction Glossary—V

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Valuation

This normally refers to the process of valuing the work that has been carried out (by a contractor, sub-contractor or consultant, as the case may be) in respect of which payment is to be made or an application for payment has been received.

Value engineering

Taking steps to improve the cost-effectiveness and/or

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