Construction Terminology

Construction Terms

Offer
To make available, to express a willingness (whether in writing or orally), in the case of real estate, to inform another party
of your willingness to sell or buy a specific property on terms set out in your offer. An offer, once made, may be accepted at
any time before it is rescinded. Once accepted, the offer and acceptance generally form a binding contract.
Open Listing
An agreement whereby the owner of the property may enlist more than one broker to attempt to sell the property and the
commission is payable only to the successful agent.

OSHA
OSHA is an occupational safety department of the government. This agency monitors and inspects construction projects for
unsafe working conditions. Violations issued can result in fines or stop work order for the project.
Category Construction Glossary
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