Most often a parking garage or a warehouse, a clear-span facility is a building that has vertical columns on the outside edges of its structure and a clear span between its columns.
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Deduction
In tax law, this is the amount you can deduct from your gross income to reduce the total amount on which you owe tax. The IRS provides taxpayers with the option to use a standard deduction or to itemize their individual...
Community Reinvestment Act
Under federal law, lenders are required to describe the geographical market area that they serve. The deposits from an area are to be reinvested back into that area whenever necessary.
Compound Return
Normally expressed as a percentage, it is the rate of return representing the effect that the sequences of gains or losses have on an initial amount of capital throughout a cumulative series of time. This is a more accurate...
Blended Rate
This type of interest rate offered by a lender is in between a previous rate and a new loan rate. Usually offered through refinancing of previous loans, this rate exceeds that of the old loan but is less than the rate of the new...
Crystal Clear Advantage | USP
In this video Richard Wilson explains exactly what a crystal clear advantage is and why it is critical if you want to excel at moving past your competition in the minds of your potential new clients. If you skip over this idea or...
Federal Acquisition Regulation (FAR)
This is the primary source of authority that governs the government procurement process. FAR is issued, maintained, and prepared under the joint backing of the Secretary of Defense, the Administrator of General Services...
Corporation
Different and unassociated from its owners, a corporation is a legal entity that has the same responsibilities and rights that an individual normally shields and possesses the underlying owners from unlimited liability.
Indirect costs
These are development costs separate from labor costs and direct materials. Indirect costs are related to the fabrication of improvements, which include office and administrative expenses, engineering, architectural, and...
Binder
This is a binding but temporary agreement that is secured by a payment to evidence good faith. Binders can be used until such time that a formal contract takes effect.
