GLOSSARY OF TERMS
The following is a glossary of key individuals who will play a part in your Branch Transformation journey.
Architect – A person who designs buildings and advises in their construction, specializing in the volume and space of environments.
Basis of Design (BOD) – Fully outlined requirements of a given job, including descriptions, equipment and preliminary drawings.
Business Development Manager – A Design-Build partner who acts as main point of contact from initial sales processes, through launch and support of a given facility.
Branch Transformation – Industry term indicating the overhaul of a single or multitude of retail bank branches.
Construction – The building phase of a project.
Construction Drawings (CD) – The third and final phase in pre-construction. Provide a graphical representation of what is to be built.
Consultant – A person who utilizes Big Data and produces predictable, actionable outputs through a variety of custom and propriety algorithms.
Cost Plus – A pricing contract where client pays General Contract for expenses, then agreed fee above stated expenses.
Design-Build – Construction term where the separate Design and Build phases are integrated and managed singularly.
Design Development (DD) – The second phase in pre-construction. Technical specification for a project relating to selection of materials for engineering and construction.
Designer – A person who creates and executes a plan for a building. This term includes Architects and Engineers.
Engineer – A person who uses scientific principles to design systems in support of the architecture.
Estimator – A person who gathers and calculates total project costs.
Foreman – A person who has authority over a crew at a specific job site.
General Contractor – The entity that has overall responsibility for a construction project. In many states this requires professional licensure.
Interior Designer – A person who plans and coordinates the functional elements within the occupied space.
Lump Sum – A type of construction contract referring to pricing agreements. Final budget is provided based on project scope. Risk transfers from client to General Manager after signed agreement.
Pre-Construction – The phase before the actual construction begins. This phase includes key elements
Project Engineer – An individual who handles the administrative and technical documentation of a construction project.
Project Manager – An individual who plans, procures and executes the obligations of the General Contractor. This individual has the overall responsibility of Cost, Schedule, Quality and Safety.
Real Estate Agent – A state-licensed person facilitating the transactional obligation of Site Selection.
Schematic Design (SD) – The first phase in pre-construction. Early stage/rough drawings of site plan, floor plan and elevations.
Real Estate Broker – A person who represents sellers or buyers of a given piece of real estate or property.
Superintendent – The on-site representative for the General Contractor. Oversees the daily progress of the job in terms of Schedule, Quality, and Safety.
Surveyor – A person who surveys land to establish locations, elevations and boundaries of ownership.