ARCHITECTURE

dictionary of real estate
terms
glossary of commercial
real estate
dictionary of architecture
and construction
the dictionary of urbanism
rate on the safest investments,
such as federal and government
obligations.
Site
A plot of land prepared for or
underlying a structure or
development. The location
of a property.
Site
Site Analysis: The identification
and evaluation of a site or
sites to satisfy a given use or
objective.
Site
An area or plot of ground with
defined limits on which a building,
project, park, etc., is located
or proposed to be located.
Site
An area of land with a defined
boundary.
Site Plan: A document which
describes how a parcel of land
is to be improved.
Value
Valuation:
1. Estimated worth or price.
2. The act of estimating the
worth of a thing.
Value
Add value: Fourth stage of
four-stage transaction management
process pertaining to a
transaction manager’s planning,
effort, and continual contact
with key decision-makers,
investors, and users, as well as
contact with ancillary professionals.
This ongoing process
allows for feedback, establishes
a network for problem solving,
provides a means to offer
additional services to the client,
and enhances the transaction
manager’s preparedness for the
next assignment.
Value
Value engineering: A discipline
of engineering that studies
the relative monetary values
of various materials and construction
techniques, including
the initial cost, maintenance
cost, energy usage cost, replacement
cost, and life expectancy.
Schedule of values: A statement
furnished by the contractor
to the architect reflecting the
portions of the contract sum
allotted for the various parts
of the work and used as the
basis for reviewing the
contractor’s applications for
progress payments.
Value
The architectural commentator
Paul Finch (2002) has suggested
that, in the context of
development economics, value
is satisfaction minus price.
Valuation: Ascribing monetary
value to something.
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