Quantity Survey
Definition of "Quantity survey"
- Complete estimated itemization of all costs in constructing a structure including site acquisition and preparation, material, and labor costs. A quantity survey is necessary for a contractor to prepare a project's bid price.
- An appraisal estimate of the replacement cost of a structure including the current cost of materials and required labor.
Popular Real Estate Terms
Cost excluded from the minimum lease payments to be made by the lessee in a capital lease. The lessee reimburses the lessor for the lessor's expense payments. ...
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Proportionate share of an item to total items in the population. ...
Provision in a lease agreement in which the lessee is given the right to buy the property at the end of lease term. In many cases, the option price is attractive to encourage acquisition. ...
Contractual provision describing the terms under which coverage may be terminated. An insured or insurer may cancel a policy before its expiration date. Generally, a written notice of ...
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