project owner |
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Definition
Entity that initiates a project, finances it, contracts it out, and benefits from its output(s). Also called just owner.
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project owner is in the Agreements & Contracts and Purchasing & Procurement subjects.
project owner appears in the definitions of the following terms: termination for cause, contract owner, contract ceiling, contractee, change order, management contractor, guaranteed maximum price (GMP), traditional contracting, contractor and contract price
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