What are construction workers called?

What are construction workers called?

Construction workers (also known as construction laborers) work on construction sites. They are responsible for a number of on-site tasks, such as removing debris, erecting scaffolding, loading and unloading building materials, and assisting with operating heavy equipment.

What is podium style construction?

Podium construction—also known as pedestal or platform construction—typically includes multiple stories of light wood framing over a single- or multi-story podium of another construction style, which may include retail as well as above- or below-grade parking levels.

What is a podium level?

A podium (plural podiums or podia) is a platform used to raise something to a short distance above its surroundings. It derives from the Greek πόδι (foot). ... In the modern Olympics a tri-level podium is used. Traditionally, the highest platform is in the center for the gold medalist.

What is wrap construction?

Wrap buildings, sometimes called “Texas donuts” consist of residential units and/or retail “wrapping” around an above-grade parking structure. Generally appropriate for sites where more expensive below-grade parking is not an option; the wrap building offers a good high-density solution on sites two acres or larger.

How many apartments can I build on an acre?

Density and Human Scale Two and threes story row or townhouses provide about 20 units per acre. Three story apartment complexes achieve 25 units per acre. Multiple story buildings can achieve densities from 50 to more than 100 units per acre.

Whats a wrap up sentence?

The definition of a wrap up is a summary or final action. The summary of the topics covered by the speakers at the end of a meeting is an example of a wrap up.

What is a wrap exclusion?

A Wrap-Up Exclusion commonly states that anytime the contractor works on a Wrap-Up project, their corporate insurance carrier will exclude coverage for that project. This language can sometimes be amended via an endorsement.

How does wrap-up insurance work?

Wrap-up insurance is a liability policy that serves as all-encompassing insurance that protects all contractors and subcontractors working on large projects costing over $10 million. The two types of wrap-up insurance are owner-controlled and contractor-controlled.

What is a consolidated wrap-up insurance program?

Briefly, a wrap-up program, also known as a consolidated insurance program (CIP), is where the interests of the project owner, general contractor, construction manager, architect, engineers and approved subcontractors of all tiers are combined (wrapped up) into a single, centrally managed insurance program covering job ...

Does general liability cover subcontractors?

General liability insurance generally does not protect independent contractors or subcontractors. This means your insurance likely does not cover independent contractor mistakes or protect your customers from them. ... The independent contractor holds responsibility for the loss.

What's another word for wrap up?

Find another word for wrap-up. In this page you can discover 54 synonyms, antonyms, idiomatic expressions, and related words for wrap-up, like: complete, bring to an end or a conclusion, polish off, recapitulation, summary, closing, words, World-Rooney, introduce, begin and start.

What is insurance wrap financing?

Their Insurance Wrapped Project Finance (IWPF) program serves as an all-encompassing project funding and insurance product that protects all contractors and subcontractors working on large projects. ... This will allow the project to access funding from pension funds and other professional capital market investors.

What is a credit wrap?

Credit Wrap — a form of financial guarantee insurance, covering not all debts of the borrower, but a specific loan, debt issuance, or other financial transaction.

What is a credit enhancement fee?

In return for holding a portion of the credit risk, the PFIs are paid credit enhancement fees, which provide an economic incentive to PFIs to retain credit risk on high quality loans. ... Depending on a PFI's risk tolerance and collateral needs, one product may provide greater benefit over another.

How are credit enhancements calculated?

The credit enhancement percent on each tranche is the amount of lower-ranked principal that would have to be lost before the tranche in question took a loss; it's the total of the lower-ranked tranches plus the OC divided by the pool balance.

What is excess spread?

Excess spread is the surplus difference between the interest received by an asset based security's issuer and the interest paid to the holder. It refers to the remaining interest payments, and other fees, that are collected on an asset-backed security after all expenses are covered.

What is a MPF loan?

The Mortgage Partnership Finance® Program (MPF®) provides access to the secondary market for FHLB members that are approved Participating Financial Institutions (PFIs). ... The MPF Program provides multiple product offerings and execution options for individual PFIs to meet their secondary market needs.

What do federal home loan banks do?

The Federal Home Loan Banks (FHLBs) are a system of regional member-owned corporations that pro- vide lending institutions with a liquidity resource to finance housing and economic development activities.

How do you calculate Overcollateralization?

Overcollateralization Ratio: With respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes ...