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At a construction companyLesson 2 of 2

Part 1 of 3, 0 done
OFFICE

14 min

How a building gets built, from the bid to the keys

One apartment building passes through a lot of hands before anyone moves in: the estimator, the project team, the superintendent and the crews, the office, and three people who don't work for the builder at all. Follow it from the bid to the keys, and see what happens when a handoff breaks.

Ticket 01 · The guess

How fast does the money pass along?

A building is a chain of handoffs, and money is one of them. Each month the builder asks the owner to pay for the work done; the builder then pays each subcontractor its share. On a federal building job, how many days does the builder have to pay its subs after the government pays it?

30 days
1 day60 days
Words to know

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Sources and every number (1)

Sources

  • FAR 52.232-27, Prompt Payment for Construction Contracts · Federal Acquisition Regulation (Acquisition.gov), 2017

Every number

  • 7 daysacquisition.gov ·2017 · Federal construction contracts: the builder pays each sub its share no later than this many days after the government pays the builder (the Federal Acquisition Regulation's prompt payment clause for construction).
  1. Lessons›
  2. Inside a business›
  3. At a construction company
  • ·Before this: Who works at a construction company
Skip to the lesson

At a construction companyLesson 2 of 2

Part 1 of 3, 0 done
OFFICE

14 min

How a building gets built, from the bid to the keys

One apartment building passes through a lot of hands before anyone moves in: the estimator, the project team, the superintendent and the crews, the office, and three people who don't work for the builder at all. Follow it from the bid to the keys, and see what happens when a handoff breaks.

Ticket 01 · The guess

How fast does the money pass along?

A building is a chain of handoffs, and money is one of them. Each month the builder asks the owner to pay for the work done; the builder then pays each subcontractor its share. On a federal building job, how many days does the builder have to pay its subs after the government pays it?

30 days
1 day60 days
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (1)

Sources

  • FAR 52.232-27, Prompt Payment for Construction Contracts · Federal Acquisition Regulation (Acquisition.gov), 2017

Every number

  • 7 daysacquisition.gov ·2017 · Federal construction contracts: the builder pays each sub its share no later than this many days after the government pays the builder (the Federal Acquisition Regulation's prompt payment clause for construction).
  1. Lessons›
  2. Inside a business›
  3. At a construction company
  • ·Before this: Who works at a construction company