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Glossary Residential Construction / Term

Allowance(s)

A sum of money set aside in the construction contract for items which have not been selected and specified in the construction contract. For example, selection of tile as a flooring may require an allowance for an underlayment material, or an electrical allowance which sets aside an amount of money to be spent on electrical fixtures.

Permanent link Allowance(s) - Creation date 2021-03-05


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