What does FFE stand for in construction?
Furniture, fixtures, and equipment
What does FFE mean on survey?
Finished Floor Elevation
What is a fixture in construction?
A fixture is personal property that becomes real property when attached to a structure or building . It is considered part of the house, apartment or building , and therefore cannot be removed if the occupant moves or the property is sold.
Is FFE a hard cost?
FF&E stands for fixtures, furniture and equipment. We consider only immovable items attached to the structure to be hard costs . Therefore, FF&E is predominantly a soft cost . However, immovable fixtures and equipment are hard costs .
What is TP in civil engineering?
Civil engineering indices ( TP ) are composite indices measuring costs of different activities or sub-activities of construction sector : division “42 – Civil engineering ” and first classes of division “43 – Specialised construction works”.
What does fee mean?
noun. a charge or payment for professional services: a doctor’s fee . a sum paid or charged for a privilege: an admission fee . a charge allowed by law for the service of a public officer.
What does BM stand for in surveying?
What happens when two surveyors disagree?
You must show legal evidence in order to refute a surveyor’s findings. If after discussing the problem with the surveyor you still feel it has not been resolved to your satisfaction, there are other avenues that may be pursued. You can hire a land surveyor of your own choice to perform a separate boundary survey.
What does Pol mean in surveying?
Point on Line
What is an example of a fixture?
Examples include light fixtures , ceiling fans, wall sconces, TV mounts, shelving units, and so forth. Adaptability of the item to be used with the property. Items like these are part of the property, and are therefore considered fixtures . Homeowner’s intention when the item was installed.
What is classified as a fixture?
A fixture , as a legal concept, means any physical property that is permanently attached (fixed) to real property (usually land). Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest.
What is considered a permanent fixture?
Permanent Fixture means a structure, ornament, or equipment that is anchored to the ground structurally or which is plumbed for water circulation. Examples of permanent fixtures include elevators and wheelchair lifts.
What does hard cost mean?
Hard costs are costs directly related to construction including material and labor costs . Soft costs are additional costs not directly related to the construction budget such as architectural fees or permit fees. Hard Cost and Soft Cost are terms used to differentiate the two basic categories of construction costs .
What is included in hard costs?
Also called “brick and mortar expenses ,” hard costs are any costs involved in the physical construction of a project. Included in hard costs are all of the costs for the visible improvements, line items like grading, excavation, concrete, framing, electrical, carpentry, roofing, and landscaping.
What is an example of a hard cost?
These include any expense that requires your firm to write a check on behalf of your client. Common examples of hard costs include (but are not limited to) filing fees, paying a private investigator or paying an insurance adjuster.