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ModSpace - Modular Building & Construction Glossary Category: Architecture and Buildings > Modular Building Date & country: 27/05/2011, USA Words: 91

Account Services
Where customers can go for account information, historical activity, service request, etc.

Activate
Process of commence lease billing.

Anchor
Device for securing portable buildings to ground.

Block and Level
Cinder blocks, piers, or jack stands and pads are placed under a unit to make it level.

Box size
The width and length of the unit without the 4' hitch.

British Thermal Unit (BTU)
A measurement of the energy required to raise 1 lb. (pint) of water 1

BTU per Hour (BTU/H)
1 kilowatt x 3415 = 1 BTU/H Example: 10 kW x 3415 = 34,150 BTU/H

Damage Waiver
Agreement that waives, for a fee, the customer's obligation under the Lease Agreement to carry commercial property insurance with the exception for the first $500 of damage per unit.

Dismantle
The process of unblocking and unanchoring the unit being returned.

Early Termination Penalty
Cost to customer for returning a unit before the lease term is completed.

EHS and DOT Audits
Process used to ensure ModSpace and regulatory EHS & DOT compliance expectations are met when working at all ModSpace locations and customer sites.

Environmental Health and Safety
Team responsible for the provision of technical leadership, issue resolution, assessments, and candid input to all ModSpace operations and functions to ensure ModSpace and regulatory EHS & DOT compliance.

Exterior Siding
Type of material used on the outside of the building. (i.e. aluminum, wood, stucco, Hardi-panel.)

Expired Lease
Lease that has past the lease term period.

Finance Lease
The customer treats the building as if it has been bought and financed. At the end of the finance lease period the customer has the option to purchase the building.

Front-end Charges
One-time charges billed at the beginning of a lease for delivery, set-up, etc.

Fuel Surcharge
One-time charge on the delivery and return to offset the rising cost of fuel.

General Liability Insurance
Commercial General Liability Insurance is required by ModSpace with a minimum limit of $1,000,000 per occurrence, with a $2,000,000 General Aggregate.

Goods and Services Acceptance
Verifying receipt of goods and services.

HVAC
Heating, ventilation & air conditioning. HVAC equipment is rated on the capacity of the unit in BTUs per hour.

IFTA
The International Fuel Tax Agreement (IFTA) is an agreement between all 48 contiguous states, and 10 Canadian provinces. It enables participating jurisdictions to cooperate in the collection and administration of motor fuel taxes.

Installation
The process of blocking, leveling and anchoring a unit at delivery.

Inbound Inspection
Inspection performed to measure the amount of damage incurred while the modular building is on lease.

Jack Stands
Stand used to level and support the unit as part of the set-up.

Last Billed
The last date billed through.

Lease Maturity
ModSpace term for lease end date.

Lease Agreement
A lease is a contract. By its term, one party (the

Lessor
The owner of the equipment (ModSpace).

Lessee
The "customer" who leases is unit.

Lease or Sale Number
Auto-generated number assigned to every new lease/sale.

Lease Term
Period of time (# of months) unit will be on lease.

Lease Status
Current status of the lease (Pending, Active on Lease, Bill Review, etc.)

Lease State Date
The date that the customer assumes responsibility for the building. Billing and Lease start dates are usually the same but can differ for special promotions and concessions.

LF
Linear feet

Lien Holder
The company that loaned the money to purchase the unit. They are also the owner of the unit the lien is paid in full at which time ownership transfers to the buyer.

Liability Insurance
An insurance pollicy that protects the lessor and lessee in the event of an accident. First Party - Insured, Second Party - Insurance Company, Third Party - Person Suffering Liability Loss.

Lock Out Tag Out (LOTO)
Process of placing a lock on electrical equipment to eliminate injuries/electrocution.

Loss Payee
In the event of a unit being destroyed while on lease, the lessor would be reimbursed for the value of the unit by the insurance company.

Maintenance and Repairs
Maintenance is the work necessary to ensure that our buildings are fully operational and in excellent condition. Repairs are necessary when a building is damaged or experiences unusual levels of wear and tear. While maintenance is performed at the lessor's costt, repair work is charged to the customer.

mate-line
The joint between the modules in a complex is usually called a mateline or modline

MBI
Modular Building Institute

MEP
Mechanical, Electrical & Plumbing Systems

MedBuild
The dedicated healthcare division of Modular Space Corporation.

Modifications
Changes made to a standard configuration of a unit (add/remove wall, carpet to tile, etc.)

ModSpace
DBA for Modular Space Corporation

Net Promoter Score (NPS)
3rd party measure of customer satisfaction based on survey of customers who are asked if they would recommend ModSpace to a colleague.

One-Time Charges
Additional charges, usually front and back end charges (i.e.delivery, set-up,return, teardown)

On-center (OC)
The center of one board to the center of the next board (this is called on-center, or OC in construction)

Operating Lease
The customer treats the lease payments as operating expenses. This type of lease is also known as an

Outbound/Delivery inspection
Inspection performed to record the condition of the unit at time of delivery.

Overall Unit Size
The width and length of the unit including the 4ft hitch.

Piers
Blocking material placed under the unit to support and level it.

PSI
Pounds per square inch

Purchase Option Price
Dollar amount a customer can purchase a unit for.

Relocation
Moving a unit for a customer from one location to another.

Recurring Charges
Charges to the customer that repeat every month during the term of the lease.

Return Delivery
Transporting of the unit from customer site back to a branch location.

Resistance (Ohms)
The Force That Opposes Electricity

Renewal
Extend the term on the original lease.

Security Deposit
Upfront monies collected and held until the end of the lease, at which time the money can either be applied to the outstanding account balance or refunded to the customer.

Set-up
Installation or setting up of the unit.

Service Calls
Customer requests for services or repairs on a leased unit.

Site Contact
Local contact at the delivery site.

Site Address
Address where the unit will be delivered.

Single Wide
A single unit that stands by itself, unattached to other units as opposed to a double wide or triple wide.

Skirting
Covering installed around the base of the unit to enhance its appearance and hide the tires. Available in Wood, Vinyl and Aluminum.

Sq. In,
Square inch

Sq. ft, or sf
Square feet

State Seals
Label affixed to a unit by the manufacturer as proof that the building meets code requirements.

Teardown
To dismantle or get the unit ready to be returned to the branch.

Total Days Billed
Total number of days billed on the invoice.

Total Payment Amount
Equals lease term times the monthly lease rate.

Transport Permits
The DOT requires a permit to transport (delivery/return) units to/from a branch location for certain size units.

Uniform Building Code (UBC)
Regulatory environment in the building industry which consists of building codes and standards covering local, state, federal, land use and environmental regulations developed specifically for the purpose of regulating the life-safety, health and welfare of the public.

Unit Specs
Specifications of the unit (# of offices/Restrooms, HVAC Model/Serial#, etc.)

Unit Rider
Unit is being used for hazardous use. EHS must be notified and additional insurance may be required.

Unit Readiness
How much time it will take a branch to get a unit ready for delivery.

Unit Class
Abbreviations for various unit classifications (modile office, classroom).

Unit
Term used to describe a modular building.

Un-Block
Removing the blocks from beneatth the unit.

Un-Anchor
Removing the anchors from the ground.

Value Added Products (VAP)
Additional products offered by ModSpace (steps, furniture).

Value Added Services (VAS)
Additional services offered by ModSpace (Damage Waiver).

Vinyl Covered Tile (VCT)
Vinyl composition tile

Visqueen
Plastic material covering used to protect the exposed side of a unit/complex, expecially during transport.

Vinyl Covered Gypsum (VCG)
Type of interior wall paneling.

Vinyl Covered Paneling (VCP)
Type of interior wall paneling.

Voltage (Volt)
Pressure that is required to push electricity

Watts
Amount of electric power used

E-Plex
"Extend a Plex" is a classification of units designed to have two end pieces and as many centers as you need to make a complex of any size.

R-value
The measure of insulating capability, 3-1/2