contracts of 0,000 or more and to serve as a guide in establishing a schedule for partial payments.
LCC Life Cycle Cost.
Market Analysis Refer to page 21.
Market Survey Refer to page 20.
Masterformat A product oriented hierarchical tree structure for construction projects developed
and published by the Construction Specifications Institute.
MCA Mechanical Contractors Association.
Modification estimate A Government estimate prepared for a specific contract change order,
incorporating specific scope, methodology, and circumstances. In addition to cost of the changed
work, the modification estimate must also include any cost, which the contractor incurs from impact
on the unchanged work. This estimate is used to assist negotiations and to protect the government's
interests toward a fair price settlement.
OMB Office of Management and Budget.
PBS Public Buildings Service.
PCE Project Cost Estimate.
PDRI Project Development Rating Index developed by the Construction Industry Institute's (CII) as
a tool to identify weak areas as action items creating a risk list.
PDS Program Development Study.
Prospectus The Prospectus is a two- or three-page synopsis of the PDS, prepared by GSA to
request Congressional funding for the project.
R&A Repair and Alteration.
Reconciliation The process of comparing two or more cost estimates for a project to determine
reasons for cost differences.
SRCI Space Related Cost Impacts.
TI Tenant Improvements.
Uniformat A systems oriented hierarchical structure for construction projects.
VE Value Engineering.
VECP Value Engineering Change Proposal.
WBS Work Breakdown Structure. Refer to Section 1.3.3 for definition.