Resources for real estate teams.

Guides, definitions and notes on running property developments — from bookings and collections to procurement, site quality and management reporting.

From the glossary

Full glossary
PLC (preferential location charges)
An extra charge added to a unit’s price for a location buyers value more, such as a higher floor, a park or road facing, or a corner position.
Demand letter
A formal letter asking a buyer to pay an instalment that has fallen due under their payment plan.
Material indent
A request raised by site for material it needs from the store, with the quantity and the date it is required.
Maker-checker
A control in which one person enters a transaction and a different person approves it.
QC gate
A point in the workflow that work or material cannot pass until its quality inspection has been approved.
NMR (nominal muster roll)
A daily record of the labour present on site, used to calculate daily labour cost.

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