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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Contributors in Real estate

Real estate > Contracts

proposal

Law; Contracts

Solicited or unsolicited submission by one party to supply (or buy) certain goods or services to (or from) another. Unlike an offer, a proposal is not a promise or commitment but, ...

proposal evaluation

Law; Contracts

Formal review and analysis of proposals received in response to a request for proposals with a view to award a contract to the most advantageous proposal.

proposal evaluation criteria

Law; Contracts

Measures of relative importance (weighted standards) such as the management, past performance, and technical capabilities of the bidders or contractors, plus factors such as ...

public bid opening

Law; Contracts

Unsealing and inspection of sealed bids received in response to an invitation to bid (ITB), at an advertised place in presence of anyone who may care to attend. Bids may be read ...

public tender

Law; Contracts

This is an alternative term for open tender.

punch list

Law; Contracts

1. Listing of items requiring immediate attention. 2. Document listing work that does not conform to contract specifications, usually attached to the certificate of substantial ...

punitive action

Law; Contracts

Action taken by a business customer against a supplier who fails to fulfill the terms of an agreement. Consistently late delivery is a common example of the type of problem that ...