“Boss, the FYE FS has NQAA and NWAA too low and D:E too high!”
“What the heck are you talking about?!”
Cool kids know these surety / construction abbreviations. Now YOU can be a cool kid too!
- A/C: Air Conditioning
- AAA: American Arbitration Association
- ADA: Americans with Disabilities Act of 1992
- AFSB: Associate in Fidelity and Surety Bonding
- AGC: Associated General Contractors Association
- AIA: American Institute of Architects
- AP: Accounts Payable
- AR: Accounts Receivable
- ARC: Airline Reporting Commission
- BS: Balance sheet
- CM: Construction Manager
- CPM: Critical Path Method
- CQ: Contractors Questionnaire
- D:E: Debt to Equity (ratio)
- D-B: Design-Build
- D-B-B: Design-Bid-Build
- DBE: Disadvantaged Business Enterprise
- DOL: Department of Labor
- DOT: Department of Transportation
- DUNS: Dun & Bradstreet
- DVBE: Disabled Veteran Business Enterprise
- EPA: Environmental Protection Agency
- FS: Financial Statement
- FYE: Fiscal Year-End
- GC: General Contractor
- GAI: General Agreement of Indemnity
- GIA: General Indemnity Agreement
- GMP: Guaranteed Maximum Price
- GP: Gross Profit
- HUBZone: Historically Utilized Business Zone program
- HUD: Housing and Urban Development
- HVAC: Heating, Ventilation, and Air Conditioning
- IBEW: International Brotherhood of Electrical Workers
- ILOC: Irrevocable Letter of Credit
- JOC: Job Order Contract
- LEED: Leadership in Energy and Environmental Design
- M: Thousand
- MM: Million
- NAICS: North American Industry Classification System
- NASBP: National Association of Surety Bond Producers
- NP: Net Profit
- NQAA: Net Quick As Allowed
- NTP: Notice to Proceed
- NWAA: Net Worth As Allowed
- OH: Overhead
- P&L: Profit and Loss Statement
- PM: Project Manager
- P&S: Plans and Specs
- PE: Professional Engineer
- PFS: Personal Financial Statement
- PPE: Personal Protective Equipment
- RFB: Request for Bid
- RFI: Request for Information
- SAA: Surety Association of America
- SBA: Small Business Administration
- SDVO: Small Disadvantaged Veteran Owned
- SFAA: Surety & Fidelity Association of America
- SIO: Surety Information Office
- USGBC: United States Green Building Council
- VE: Value Engineering
- VOSB: Veteran Owned Small Business
- WBE: Woman Business Enterprise
- WCAA: Working Capital As Allowed
- WOH: Work on Hand
- WIP: Work in Process
Brought to you by the cool kids at FIA Surety: Site, Subdivision and Contract Surety Bonds PDQ!
First Indemnity of America Insurance Company
2740 State Route 10 West, Suite 205
Morris Plains, NJ 07950-1258
(973) 541-3417 Direct Dial
A carrier providing A Rated, T listed bonds in all states
Secrets of Bonding 