Allowance: A specific dollar amount allocated by a contractor for specified items in a contract for which brand, model number, color, size or other detail is not yet known.
Bid: A proposal to work for a certain amount of money, based on plans and specifications for the project.
Building Permit: A document issued by a governing authority, such as a building department, granting permission to undertake a construction project.
Call-Back: An informal term for a return visit made by a contractor to repair or replace items the homeowner has found to be unsatisfactory or that require service under the warranty.
CAPS (Certified Aging-In-Place Specialist): “Make your house a home for a lifetime…” The National Association of Home Builders (NAHB) in collaboration with AARP developed this program for remodelers, architects, and health care professionals to address: the unique needs of the older adult population, aging-in-place home modifications, common remodeling projects, and solutions to common barriers. CAPS professionals have been taught the strategies and techniques to meet the home modification needs of homeowners who want to continue living in their homes safely, independently and comfortably, regardless of age or ability level. CAPS graduates pledge to uphold a code of ethics and are required to maintain their designation by attending education programs and participating in community service.
CGR (Certified Graduate Remodeler): A professional certified program offered through the National Association of Home Builders (NAHB) Remodelers Council. To attain the CGR designation, a remodeler must take a specified number of ongoing continuing education courses, demonstrate good business practices, sound finances, and must comply with a strict code of ethics.
Change Order: Written authorization to the contractor to make a change or addition to the work described in the original contract. The change order should reflect any changes in cost.
Cost-Plus Contract: A contract between a contractor and homeowner based on the accrued cost of labor and materials, plus a percentage for profit and overhead. Also known as a time and materials contract.
Draw: A designated payment that is "drawn" from the total project budget to pay for services already completed. A draw schedule typically is established in the contract.
Lien Release: A document that voids the legal right of a contractor, subcontractor or supplier to place a lien against your property. A lien release assures you that the remodeler has paid subcontractors and suppliers in full for labor and materials.
Mechanic's Lien: A lien obtained by an unpaid subcontractor or supplier through the courts. When enforced, real property, such as your home, can be sold to pay the subcontractor or supplier.
Plans and Specifications: Drawings for the project, and a detailed list or description of the known products, materials, methods, quantities and finishes to be used in the project.
Punch List: A list of items of work to be completed or corrected by the contractor, typically near or at the end of a project.
Remodelers Council: A division of Polk County Builders Association dedicated to professionalism, education, and best-business practices by member remodeling firms.
Subcontractor: A person or company hired directly by the contractor to perform specialized work at the job site. Sometimes referred to as a trade contractor.