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Table Of Contents (TOC)

 Page within the specifications that outlines and categorizes specific trades to be included in the project.

Takeoff

v. The action of drawing measurements on an electronic image that correspond to building objects.

n. The visual representations of those measurements.

Proper Noun. A nickname for applications used for measuring plans/creating a Quantity Survey.

Tax

Cost added to Material expenses for local sales tax.

Tenant's Rentable Square Feet

Usable square feet plus a percentage (the core factor) of the common areas on the floor, including hallways, bathrooms and telephone closets, and some main lobbies. Rent able square footage is the number on which a tenant's rent is usually based.

Tenant's Usable Square Feet

The square footage contained within the demising walls. (see Demising Walls)

Tenant Improvements

(aka TIs)

A term used to define the interior improvements of the project after the Building Envelope is complete. TI'S usually include finish floor coverings; ceilings; partitions; doors, frames, hardware; fire protection; HVAC consisting of branch distribution duct work, control boxes, and registers; electrical consisting of lighting, switches, power outlets, phone/data outlets, exit and energy lighting; window coverings; general conditions; and the general contractor’s fee. The cost of tenant improvements are generally born by the tenant and the costs of tenant improvements will vary with every building, and with tenant requirements. (see Work Letter)

Time (as in “time of the essence associated with a construction contract”)

A provision in a construction contract by the owner that punctual completion within the time limits or periods in the contract is a vital part of the contract performance and that failure to perform on time is a breach and the injured party is entitled to damages in the amount of loss sustained.

Time-and-a-half

A term meaning any individuals normal billing hourly rate is increased by a multiple of 1.5 following predetermined normal working hours. (aka Overtime pay rate)

Time and Materials

(aka T&M)

1. An abbreviation for a contracting method called Time and Materials

   1. A written agreement between the owner and the contractor wherein payment is based on the contractor's actual cost for labor, equipment, materials, and services plus a fixed add-on amount to cover the contractor’s overhead and profit.Timely Completion

Time of Completion

The date or number of calendar or working days stated in the contract to substantially complete the work for a specific project. (see Date of Substantial Completion)

Timely Completion

Completing the work of the contract before the date required.

Transmittal

A written document used to identify information being sent to a receiving party. The transmittal is usually the cover sheet for the information being sent and includes the name, telephone/FAX number and address of the sending and receiving parties. The sender may include a message or instructions in the transmittal. It is also important to include the names of other parties the information is being sent to on the transmittal form.

Travel Time

Wages paid to workmen under certain union contracts and under certain job conditions for the time spent in traveling from their place of residence to and from the job.