Resources
Civil engineering glossary for firm owners
300 terms, each with a plain definition and a note on why it matters for owners.
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Access managementAccess management is the planning and control of connections between roads and adjacent properties.Accounts payableAccounts payable are amounts the firm owes suppliers and other vendors for goods or services already received.Accounts receivableAccounts receivable are amounts invoiced or otherwise recognized as due to the firm that customers have not yet paid.AcquisitionAn acquisition is a transaction in which a buyer obtains ownership, assets, or control of a business or part of one.Add-on acquisitionAn add-on acquisition is a purchase of another business by an existing platform or portfolio company.Additional InsuredA party granted certain insured status under another party's policy through policy wording or an endorsement.Additional ServicesWork that falls outside the services included in the original agreement.Adjusted EBITDAAdjusted EBITDA starts with EBITDA and adds or removes items proposed as adjustments to show a selected view of.Aggregate LimitAn aggregate limit is the most an insurance policy will pay for all covered claims during the policy period, as.Artificial Intelligence (AI)A broad term for computer systems that perform tasks associated with human reasoning, perception, language, or pattern.As-built surveyAn as-built survey records selected locations or elevations of constructed features after installation.Asset purchaseIn an asset purchase, a buyer acquires specified assets of a business, which may include equipment, contracts.Authority Having Jurisdiction (AHJ)The agency, official, or organization responsible for interpreting or enforcing applicable codes and requirements for.
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BacklogBacklog is the contracted or authorized work a firm has not yet completed.Basis of DesignA record of the principal assumptions, standards, criteria, and decisions that guide a design.Bearing capacityBearing capacity describes the ability of soil or rock to support loads applied through a foundation, subject to.Best-Value ProcurementA selection approach that considers multiple stated factors, which may include qualifications, technical approach.Billing cycleA billing cycle is the process and timing for preparing, submitting, reviewing, and following up on client invoices.BioretentionBioretention is a planted stormwater practice that uses soil media and vegetation to manage runoff through filtration.Bipartisan Infrastructure Law (BIL)A common name for the Infrastructure Investment and Jobs Act, a federal law covering multiple infrastructure programs.Board of directorsA board of directors is a governing body responsible for oversight and specified decisions for a corporation.BookingsBookings are the fees or contract amounts newly awarded or authorized during a period, according to a firm's chosen.Boundary surveyA boundary survey locates and documents property lines based on records, field evidence, and applicable surveying.Brooks ActA United States federal law establishing qualifications-based selection procedures for certain federal architecture.BrownfieldA brownfield is generally a property whose reuse or redevelopment may be complicated by actual or perceived.BUILD GrantA competitive United States Department of Transportation grant program supporting eligible surface transportation.Building CodeA set of adopted requirements governing building design, construction, alteration, or occupancy.Building Information Modeling (BIM)A digital process for creating and managing structured information about a built asset.Business Continuity PlanA business continuity plan describes how a firm will keep operating through a disruption such as an office loss, a.Buy-sell agreementA buy-sell agreement sets rules for when and how ownership interests may be transferred or purchased, often after.
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Cadastral surveyA cadastral survey establishes or retraces property boundaries and related land records under the rules of the.Capacity planningCapacity planning compares expected project demand with the people, skills, equipment, and time available to deliver it.Cash flowCash flow is the movement of cash into and out of a business over a stated period.Catchment areaA catchment area is the land area that contributes runoff to a specified point or drainage feature.Categorical Exclusion (CE)A category of actions that an agency has determined typically do not require a detailed environmental assessment or.Certificate of Insurance (COI)A document summarizing selected insurance coverage and policy details at a point in time.Change ControlA process for reviewing, approving, recording, and communicating changes to a project's scope, schedule, budget, or.Change orderA change order is a documented modification to a contract's scope, schedule, compensation, or other terms.Claims-Made PolicyAn insurance policy that generally responds when a claim is first made against the insured and reported as required.Clean Water State Revolving Fund (CWSRF)A federal-state partnership that supports water quality projects through state administered revolving fund programs.Client concentrationClient concentration describes how much of a firm's revenue or backlog comes from a small number of clients.ClosingClosing is the point at which a transaction's required conditions and steps are completed and the agreed transfer.Code AdoptionThe process by which a government or authority makes a code legally applicable, often with amendments or a selected.Comity LicensureA process through which an engineer licensed in one jurisdiction applies for licensure in another based on existing.Common Data Environment (CDE)A shared information system and workflow for collecting, managing, and distributing project information.Comparable company analysisComparable company analysis estimates value by examining market measures for businesses considered similar.Complete streetsComplete streets is a planning approach that considers the needs of people using different travel modes when streets.Concrete mix designA concrete mix design specifies proportions and properties for a concrete mixture intended for a project use.Confidentiality agreementA confidentiality agreement sets rules for receiving, using, and disclosing specified nonpublic information.Conflict of InterestA situation where personal, financial, or professional interests could affect, or appear to affect, independent.Connection designConnection design addresses how structural members join and transfer forces to one another.Consequential DamagesLosses that arise as a secondary result of a breach or event rather than as the direct cost of the affected work.ConsolidationConsolidation is gradual volume change in saturated soil as water is squeezed from pore spaces under sustained loading.Construction Manager at Risk (CMAR)A delivery method in which an owner brings a construction manager into the project during design, then typically.Construction stakingConstruction staking places survey marks or references in the field to guide the location or elevation of planned work.Construction stormwater permitA construction stormwater permit is an authorization that may be required for certain construction activities that.ContaminantA contaminant is a substance present in soil, water, air, or another medium at a level or in a context that raises an.Contract Risk ReviewA structured review of proposed contract terms to identify obligations that may affect scope, schedule, payment.Control premiumA control premium is an amount above a reference value that a buyer may pay to obtain control of a business.Coordinate systemA coordinate system defines how locations are represented with coordinates, such as a local grid or a state plane.Cost of CapitalCost of capital is the return a business must offer to attract funding from lenders and owners.Cost Performance Index (CPI)An earned value measure comparing the value of completed work with the cost incurred to complete it.Coverage LimitThe maximum amount an insurer may pay under a policy or coverage part, subject to terms, deductibles, aggregates, and.Critical Path Method (CPM)A scheduling technique that identifies the sequence of activities determining the earliest possible project.CulvertA culvert is a structure that conveys water beneath a road, rail line, embankment, or other obstacle.
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Data roomA data room is a controlled collection of documents shared with people reviewing a company, often during a transaction.DatumA datum is a reference framework used to describe positions or elevations.Days sales outstanding (DSO)Days sales outstanding estimates how long, on average, a firm takes to collect payment after recording a sale or.DeductibleAn amount the insured must pay or absorb before an insurer pays covered amounts, as defined by the policy.Delegated designDelegated design is project work assigned to a qualified specialty professional or supplier under criteria established.Design CriteriaThe requirements and assumptions used to develop and evaluate a design.Design stormA design storm is a rainfall event or rainfall pattern selected for analysis or design under project criteria.Design-Bid-BuildA delivery method with separate contracts for design and construction.Design-BuildA project delivery method where the owner contracts with one entity for both design and construction.DewateringDewatering is the removal or management of water to support excavation, construction, or a project objective.Digital Project DeliveryThe use of digital systems and structured information to plan, design, coordinate, document, and deliver project work.Digital TwinA digital representation of a physical asset or system that may connect design or operational data with observed.Direct laborDirect labor is employee compensation assigned to client project work under a firm's accounting and project tracking.Discount rateA discount rate is a rate used to translate future cash amounts into present value.Discounted cash flow (DCF)A discounted cash flow analysis estimates value by forecasting future cash flows and converting them to a present.Drag-along rightA drag-along right allows specified owners to require other owners to participate in a sale under stated conditions.Drinking Water State Revolving Fund (DWSRF)A federal-state partnership that helps fund eligible public drinking water system projects through state administered.Due diligenceDue diligence is the process of reviewing a business and its records before a transaction or major decision.Duty to DefendAn obligation to provide or pay for a legal defense in response to a claim.
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Earn-outAn earn-out is contingent transaction consideration paid if specified conditions are met after closing.Earned Value Management (EVM)A project control method that compares planned work, completed work, and actual cost using a defined baseline.EarnoutAn earnout is a deal term in which part of a business's purchase price is paid later only if the business meets agreed.EasementAn easement is a legal right to use or access part of a property for a defined purpose, such as utilities, drainage.EBITDAEBITDA means earnings before interest, taxes, depreciation, and amortization.Employee ownershipEmployee ownership describes arrangements through which employees hold an ownership interest in the business.Employee stock ownership plan (ESOP)An employee stock ownership plan, or ESOP, is a qualified retirement plan that can hold employer stock for.Engineer of recordThe engineer of record is the licensed professional designated as responsible for the engineering work identified in.Engineering EthicsProfessional principles and rules that guide engineers' conduct, including duties to the public, clients, employers.Engineering SealA mark or electronic authentication used by a licensed engineer to identify documents for which the engineer takes.Enterprise valueEnterprise value is a measure of the value of a business's operations available to all capital providers, commonly.Environmental Assessment (EA)A document used by a federal agency under NEPA to evaluate whether a proposed action may significantly affect the.Environmental impact assessmentAn environmental impact assessment evaluates potential environmental effects of a proposed action under a defined.Environmental Impact Statement (EIS)A detailed federal environmental review document prepared for a proposed major federal action that may significantly.Environmental permitAn environmental permit is an authorization issued by a regulator for specified activities that affect environmental.Environmental ReviewA process for identifying and evaluating potential environmental effects of a proposed action under applicable laws.Environmental site assessmentAn environmental site assessment is a review of a property for specified environmental concerns.Equity valueEquity value is the value attributable to owners' interests after accounting for debt and other agreed adjustments to.Erosion controlErosion control consists of measures used to limit soil movement from exposed ground, often during construction.ESOP trusteeAn ESOP trustee is a fiduciary responsible for specified duties under the plan and applicable law, which can include.ESOP valuationAn ESOP valuation estimates the value of employer shares for plan purposes under applicable requirements and a defined.Estate planningEstate planning is the process of arranging how a person's assets, responsibilities, and decisions will be handled.Estimate at Completion (EAC)A forecast of total project cost at completion, based on actual costs to date and an estimate of remaining work.Estimate to Complete (ETC)A forecast of the cost required to finish remaining project work from the status date forward.ExclusivityExclusivity is an arrangement that restricts one or more parties from pursuing or negotiating specified alternatives.Existing conditionsExisting conditions are the physical features and circumstances present at a site or structure before planned work.Exposure pathwayAn exposure pathway describes how a person or ecological receptor could come into contact with a contaminant.Extended Reporting PeriodA period after a claims-made policy ends during which certain claims may still be reported for covered acts occurring.
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Fair market valueFair market value is a defined standard used in some valuation contexts, generally based on a hypothetical exchange.Federal Highway Administration (FHWA)A United States Department of Transportation agency that administers federal highway programs and provides oversight.Federal ShareThe portion of eligible project costs paid with federal funds under a particular program or agreement.Federal-Aid Highway ProgramA federal program that provides funding assistance for eligible highway and related transportation projects, generally.Fiduciary dutyA fiduciary duty is a legal obligation that may require a person entrusted with authority to act according to duties.Firm AuthorizationA registration, certificate, or other approval that a jurisdiction may require before an engineering business offers.Flood studyA flood study evaluates flood conditions for a defined area using available hydrologic, hydraulic, topographic, and.FloodplainA floodplain is land that may be inundated by flooding under defined conditions.FloodwayA floodway is a designated portion of a floodplain intended to convey flood flows, as defined by the governing.
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General Liability InsuranceCoverage that may address certain third-party bodily injury, property damage, and related claims arising from business.Generative AIAI systems that generate text, images, code, or other content in response to prompts or inputs.Geographic Information System (GIS)A system for collecting, managing, analyzing, and displaying data tied to locations.Geotechnical investigationA geotechnical investigation gathers information about subsurface conditions for a project.Geotechnical reportA geotechnical report summarizes subsurface information and professional recommendations for a stated project purpose.GovernanceGovernance is the system of authority, oversight, and accountability through which a company is directed.Grant AgreementA binding document setting the terms under which a funding agency provides grant assistance to a recipient.Green infrastructureGreen infrastructure uses vegetation, soils, and landscape features to manage water or provide related environmental.Gross marginGross margin is revenue remaining after subtracting costs directly associated with delivering services, expressed as a.Ground improvementGround improvement changes soil or ground conditions to meet project needs.Groundwater controlGroundwater control refers to measures used to manage water during or after construction, such as pumping or drainage.Groundwater tableThe groundwater table is the level below which soil pores are generally saturated, though local conditions can vary.
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Human ReviewA deliberate check by a qualified person of content, calculations, or decisions produced with digital tools or.Hydraulic modelingHydraulic modeling evaluates how water moves through channels, pipes, culverts, floodplains, or other systems.Hydrologic modelingHydrologic modeling represents how rainfall, land cover, soil, and other factors produce runoff and move water through.
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Impervious surfaceAn impervious surface limits water from soaking into the ground.Indefinite Delivery, Indefinite Quantity (IDIQ)A contract vehicle that sets general terms for future work orders over a stated period, often without committing the.IndemnificationIndemnification is a contractual mechanism under which one party may be required to cover specified losses or claims.IndemnityA contractual promise by one party to cover certain losses, claims, or costs incurred by another.Infrastructure Investment and Jobs Act (IIJA)A United States federal law enacted in 2021 that authorized or funded programs involving transportation, water.Insurance EndorsementA document that modifies an insurance policy by adding, removing, or changing coverage terms.IntegrationIntegration is the work of bringing organizations together after a merger or acquisition.Internal successionInternal succession is a transfer of leadership or ownership to people already working in the business, such as.Intersection capacityIntersection capacity describes how well an intersection can accommodate traffic under defined conditions.Investment thesisAn investment thesis is an investor's explanation for why a business may fit its strategy and how it expects value to.
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Labor burdenLabor burden is the employer cost associated with labor beyond base wages, such as payroll taxes, benefits, or.Labor MultiplierA ratio comparing a firm's revenue or billing rate to the direct labor cost of the work, under a defined calculation.Land developmentLand development is the process of preparing property for a planned use, which can include planning, site design.Large Language Model (LLM)A machine learning model trained on large collections of text to process and generate language.Lateral earth pressureLateral earth pressure is the sideways force soil exerts on a wall or other structure.Leadership transitionA leadership transition is the change from one person or group responsible for leading the firm to another.Letter of exclusivityA letter of exclusivity records an agreement to negotiate only with a specified party for a defined period or process.Letter of intent (LOI)A letter of intent is a document that summarizes proposed terms for a possible transaction before definitive.Level of serviceLevel of service is a letter-based measure used in some transportation analyses to describe operating conditions for a.LeverageLeverage is the use of borrowed money to finance a business or transaction.Leveraged buyout (LBO)A leveraged buyout is an acquisition financed using a significant amount of borrowed funds alongside equity.Limitation of LiabilityA contract provision that seeks to cap or otherwise limit a party's exposure to specified claims or damages.LiquefactionLiquefaction is a loss of soil strength or stiffness that can occur in susceptible saturated soils during earthquake.Liquidity eventA liquidity event is a transaction or other event that allows an owner to convert some or all of an ownership interest.Load combinationA load combination is a prescribed way to consider more than one type of structural load at the same time.Load pathA load path is the route forces take through connected structural parts until they reach the ground or another support.Low impact developmentLow impact development is a planning and design approach that seeks to manage runoff near where it falls using.
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Management buyout (MBO)A management buyout is a transaction in which existing managers acquire some or all of the business from current owners.Master Services Agreement (MSA)An umbrella agreement that establishes general terms for services performed through later work orders or statements of.Match RequirementA requirement that a grant recipient contribute nonfederal funds or other approved resources toward eligible project.MergerA merger is a transaction in which two or more entities combine under an agreed legal structure.Merger and acquisition (M&A)Mergers and acquisitions, often shortened to M&A, are transactions that combine businesses or transfer ownership or.Minority interestA minority interest is an ownership stake that does not by itself control the business.Minority investmentA minority investment is a capital investment that gives the investor less than controlling ownership, though.Mitigation measureA mitigation measure is an action intended to avoid, reduce, repair, or otherwise address an identified environmental.Multimodal analysisMultimodal analysis evaluates transportation conditions for more than one travel mode, such as driving, walking.Multiple Award ContractA contract vehicle awarded to more than one firm for similar services or work.MultiplierA multiplier compares a firm's revenue or fee amount with the labor cost assigned to that work.
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National Environmental Policy Act (NEPA)A United States federal law that requires federal agencies to consider environmental effects before taking certain.Net debtNet debt generally means interest-bearing debt less available cash, though transaction definitions may include or.Net service revenueNet service revenue is revenue earned for professional services after removing pass-through expenses such as.Normalized earningsNormalized earnings are financial results adjusted to reflect a selected view of ongoing operations.
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Occurrence PolicyAn insurance policy that generally responds based on when an injury or damage occurs during the policy period, subject.On-Call ContractAn agreement that allows a client to request professional services as needs arise, often through separate work.Operating marginOperating margin is operating income divided by revenue, expressed as a percentage.Overhead rateAn overhead rate allocates indirect operating costs, such as rent, administration, and technology, across a firm's.
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ParcelA parcel is a defined unit of land recognized in property records or mapping systems.PermitAn authorization from a government agency or other authority allowing specified work or activity to proceed, subject.Phase I environmental site assessmentA Phase I environmental site assessment is a records-based and observational review conducted under a specified.Phase II environmental site assessmentA Phase II environmental site assessment involves sampling or other field investigation to evaluate suspected.PipelineA sales pipeline is a firm's list of potential work at different stages, from early lead to proposal, selection, and.Platform companyA platform company is a business acquired or developed as a base for further investment or acquisitions within a.Policy ExclusionA policy provision that removes or restricts coverage for specified risks, activities, people, or circumstances.Portfolio companyA portfolio company is a business in which an investment fund or holding company has invested.Precedent transactionsPrecedent transactions analysis examines prices and terms from previously completed deals involving businesses judged.Private equity (PE)Private equity is investment in companies through privately negotiated ownership interests rather than shares traded.Private equity sponsorA private equity sponsor is an investment firm or investor group that organizes or supports an investment in a.Professional Engineer (PE)A person licensed by a jurisdiction to practice engineering within the scope of that license.Professional Liability InsuranceCoverage designed to respond to claims alleging errors, omissions, or negligent professional services, subject to the.Professional Services AgreementA contract between a client and a professional firm covering services such as engineering, surveying, or design.Progressive Design-BuildA design-build approach where the owner selects a team based primarily on qualifications and develops scope, price.Project BaselineAn approved reference for a project's scope, schedule, or budget against which performance and proposed changes are.Project CloseoutThe set of activities used to complete a project, resolve open items, deliver final records, confirm financial status.Project marginProject margin is the difference between project revenue and selected project costs, expressed as an amount or.Proposal costProposal cost is the staff time and other expense spent pursuing a specific opportunity.Public-Private Partnership (P3)A long-term arrangement between a public agency and private parties to deliver or operate public infrastructure.Purchase agreementA purchase agreement is the definitive contract setting out the terms for transferring ownership, assets, or another.
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RAISE GrantA competitive United States Department of Transportation program for eligible surface transportation projects.Realization rateRealization rate compares the fees a firm earns or collects with the value of labor or services at standard billing.RecapitalizationA recapitalization changes a company's mix of debt and equity or the ownership interests held by different parties.Recognized environmental conditionA recognized environmental condition is a term used in certain environmental assessment practices for specified.Reinforced concreteReinforced concrete combines concrete with embedded reinforcement to resist structural effects.RemediationRemediation is work intended to address contamination or an environmental impact under a defined plan or regulatory.Representations and warrantiesRepresentations and warranties are statements about facts or commitments made by parties in a transaction agreement.Repurchase obligationA repurchase obligation is a company's potential obligation to buy back shares from participants when plan or.Request for Proposals (RFP)A procurement document inviting firms to submit a proposed solution, team, approach, schedule, and sometimes price.Request for Qualifications (RFQ)A procurement document asking firms to describe relevant qualifications, experience, staff, and approach.Reserved mattersReserved matters are decisions that require approval from a specified owner, investor, board group, or voting.Resource LevelingA scheduling technique that adjusts activity dates or assignments to address limited resource availability.Responsible ChargeProfessional oversight by a licensed engineer who has authority and control over engineering work as defined by.Retaining wallA retaining wall holds back soil or other material where ground levels differ.Retention basinA retention basin is a facility intended to hold stormwater for a period, often with no regular surface discharge.Retrieval-Augmented Generation (RAG)An AI approach that retrieves information from selected sources and supplies it to a generative model when producing.Retroactive DateA date in a claims-made policy that can limit coverage to professional acts occurring on or after that date.Revenue mixRevenue mix is the distribution of a firm's revenue across service lines, client types, markets, geographies, or.Revenue recognitionRevenue recognition is the accounting process for deciding when and how much revenue to record as a firm performs its.Right of first refusal (ROFR)A right of first refusal gives a specified person or group an opportunity to match a bona fide offer before an owner.Right of wayRight of way refers to land or a legal right used for transportation, utilities, or other public or private purposes.Risk RegisterA project record of identified uncertainties, their possible effects, owners, responses, and status.Roadway functional classificationRoadway functional classification groups roads by the role they serve in moving traffic and providing access.Rollover equityRollover equity is a seller's reinvestment of some transaction proceeds into an ownership interest in the acquiring or.Runoff coefficientA runoff coefficient is a factor used in some methods to estimate how much rainfall becomes surface runoff from an area.
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Schedule VarianceA measure of the difference between planned and actual schedule performance, defined by the project's reporting method.Scope creepScope creep is the gradual expansion of project work beyond the agreed scope without a matching adjustment to fee.Scope of ServicesThe written description of work a firm agrees to perform, including tasks, deliverables, assumptions, exclusions, and.Sediment controlSediment control uses practices to capture or manage soil particles carried by runoff before they leave a work area or.Seismic design categoryA seismic design category is a classification used by applicable building codes to set seismic design and detailing.Seismic hazardSeismic hazard describes the potential for earthquake-related ground motion or effects at a location.Self-Insured Retention (SIR)An amount the insured is responsible for paying before insurance coverage responds, under the policy's terms.Seller financingSeller financing occurs when a seller allows some of the purchase price to be paid over time rather than entirely at.SettlementSettlement is downward movement of ground or a structure as soil or other supporting material compresses or shifts.SF330A federal form used by architecture and engineering firms to present qualifications for certain government selections.Shareholder agreementA shareholder agreement is a contract among some or all owners that sets rules for their relationship and certain.Signal timingSignal timing is the assignment of traffic signal phases and durations to manage movements at an intersection.Site classSite class is a code-based classification of ground conditions used in some seismic design procedures.Site planA site plan shows proposed or existing improvements and their relationship to a property, such as buildings, access.Slope stabilitySlope stability concerns whether a soil or rock slope can resist movement under relevant conditions.Soil boringA soil boring is a drilled or otherwise advanced hole used to observe subsurface materials and collect samples or test.Soil mechanicsSoil mechanics is the study of how soils behave under forces, water movement, and changes in condition.Soil samplingSoil sampling is the collection of soil material for description, testing, or evaluation.Standard of CareThe level of professional skill and care expected under the circumstances from a similarly situated professional.State Engineering BoardA government body that regulates engineering practice and licensure within a state or territory.Statement of Work (SOW)A document describing the services, deliverables, schedule, assumptions, and responsibilities for a particular.Stock purchaseIn a stock purchase, a buyer acquires shares or other equity interests in the target entity from its owners.Stormwater detentionStormwater detention temporarily stores runoff and releases it over time through a controlled outlet.Stormwater managementStormwater management is the planning and control of runoff from rainfall or snowmelt.Structural analysisStructural analysis is the process of evaluating how a structure responds to forces and other effects.Structural assessmentA structural assessment is a professional review of a structure's condition or performance for a stated purpose.Structural loadStructural load is a force or effect that a structure must resist.Structural retrofitA structural retrofit modifies an existing structure to address a project need, changed use, observed condition, or.Structural specificationA structural specification is a written project requirement covering materials, execution, submittals, quality.Structural steelStructural steel is steel used in load-bearing elements such as beams, columns, braces, and trusses.Structural systemA structural system is the arrangement of members and connections that supports a building or other structure and.Subdivision platA subdivision plat is a map or legal instrument that divides land into lots or parcels and may show streets.Succession planningSuccession planning is the process of preparing for a transfer of leadership, ownership, or both.Survey controlSurvey control consists of reference points with known positions or elevations used to locate and measure other.SynergySynergy is an expected benefit from combining businesses, such as shared systems, complementary services, or.
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Tag-along rightA tag-along right allows certain owners to participate in a sale by another owner, often on corresponding terms and in.Task OrderA document issued under an existing contract to authorize a specific assignment.Terminal valueTerminal value is an estimate of value beyond the detailed forecast period in a discounted cash flow analysis.TIFIAThe Transportation Infrastructure Finance and Innovation Act program provides federal credit assistance for eligible.Topographic surveyA topographic survey measures and maps ground elevations and selected site features.Traffic countA traffic count records vehicles, pedestrians, cyclists, or other movements at selected places and times.Traffic impact studyA traffic impact study evaluates how a proposed development or project may affect nearby transportation facilities.Traffic signalA traffic signal is a control device that assigns right of way among road users at an intersection or crossing.Transfer restrictionA transfer restriction limits when, how, or to whom an owner may sell or transfer an interest.Transportation Alternatives Program (TAP)A federal highway program that supports specified community based transportation activities, administered through.Transportation demandTransportation demand describes the amount and pattern of travel by people or goods in a defined area or network.Travel modelA travel model represents patterns of movement across a transportation network using data, assumptions, and.Trip generationTrip generation estimates the number of vehicle, person, or freight trips associated with a land use or activity.Turning movement countA turning movement count records how traffic moves through an intersection, including turns and through movements.
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ValuationValuation is an estimate of the economic worth of a business, asset, or ownership interest under stated assumptions.Valuation multipleA valuation multiple compares a value measure, such as enterprise value, with a financial measure such as EBITDA or.VestingVesting is the process by which an employee earns a nonforfeitable right to a benefit or ownership interest over time.Voting rightsVoting rights are the rights attached to an ownership interest or governing role to vote on specified company matters.
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WarrantyA promise that specified work, materials, or performance will meet stated conditions.Waters of the United StatesWaters of the United States is a term used in U.S.WatershedA watershed is an area of land that drains toward a shared outlet, such as a stream, lake, or coastal water.WetlandA wetland is an area whose characteristics meet a definition set by a scientific, regulatory, or program framework.Wetland delineationWetland delineation is the process of identifying and mapping the boundary of areas that meet applicable wetland.WIFIAThe Water Infrastructure Finance and Innovation Act program provides federal credit assistance for eligible water.Win rateWin rate is the share of proposals or pursuits that result in an award, based on a defined counting method.Work Breakdown Structure (WBS)A hierarchical breakdown of project scope into manageable components or work packages.Work in progress (WIP)Work in progress, or WIP, describes project effort or costs incurred that have not yet been billed, along with related.Workers CompensationA statutory insurance or benefit system addressing work-related employee injuries and illnesses.Working capitalWorking capital commonly means current assets minus current liabilities, though deal documents may define a specific.Write-offA write-off is a reduction in recorded value or an amount of project effort or fees that the firm does not expect to.
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Richard C. Wilson and the Family Office Club team
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The $1B figure reflects member-reported transactions. Network experience does not assure capital, a buyer, or a particular result.