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Occupancy

The project is completed and ready for occupancy or occupied.

Office365

Microsoft's cloud based offering of Office on the web, as well as Outlook on the web.  These tools can be accessed via HTTP

Online Plan Room

 Plan rooms are physical structures with paper project documents, including drawings (blueprints), specifications and addenda. An online plan room, such as iSqFt, gives access to these documents digitally. This saves the user time and money and reduces paper consumption. 

Open Bid/Estimate

A service where any bidder or estimator is given access to project specific RFP (Request for Proposal) information. This option is for those seeking bids/estimates from any interested professionals or service with out pre qualifying them. For security and easy access, the project poster receives an e-mail showing the links to View the RFP Details and View any Bids as they are received. This gives the RFP poster the ability to file and track the respective RFP's using their own e-mail filing system. (see Closed Bid/Estimate)

Operations and Maintenance Stage

 The stage in the Construction Process where the owner either moves in, leases or sells the property.  

Opportunity (regarding Construction Projects)

 An opportunity is a project that matches a customer’s interest and needs. Each customer will define the word “opportunity” differently, and so it’s important to clearly identify the type of customer you’re dealing with, along with their interests and needs.  

Optical Character Recognition

 Technology that scans plans and specs to identify key words to help filter out superfluous projects. 

Outage

 When a system or a major component of a system is no longer functioning as designed.

Overlay

A utility in a takeoff application that allows a user to compare revisions of a plan, so the user can identify and takeoff changes quickly.

Owner

The entity that owns the construction project (owns the property and building).

Owner-Architect Agreement

A written form of contract between architect and client for professional architectural services.

Owner-Builder

A term used to describe an Owner who takes on the responsibilities of the general contractor to build a specific project.

Owner-Construction Agreement

Contract between owner and contractor for a construction project.

Owner-Construction Management Agreement

Contract between construction manager and client for professional services.