---
title: Popular Construction Insurance Acronyms – Part 1
description: Explore popular construction and insurance acronyms. From AI to LEED, learn the key terms used in the industry. Stay tuned for Part 2!
---

[Blog - TSIB, Inc.](https://blog.tsibinc.com)

# [Popular Construction Insurance Acronyms – Part 1](https://blog.tsibinc.com/popular-construction-insurance-acronyms-part-1)

 Written by [The TSIB Team](https://blog.tsibinc.com/author/the-tsib-team) | June 7, 2024

All industries have different phrases or acronyms that are used daily. Sometimes it can be a little confusing! To help you keep them all straight, here are some of the most common [construction](https://www.agcsd.org/uploads/1/3/3/2/133208401/commonly_used_acronyms_in_the_construction_industry.pdf) & [insurance](https://www.irmi.com/acronyms) acronyms:

- AI- [Additional Insured](https://blog.tsibinc.com/additional-insured-obligations-1)
- Back Charge- Services performed by others for contracted work.
- Bid Phase- The receipt and evaluation of competitive pricing for a project.
- BIM- Building Information Models, of a project helps visualize and plan the design, as well as simulate the construction process.
- BRA- Bare Rental Agreement
- COR- Change Order Request-request to owner for additional funds
- C of O- Certificate of Occupancy
- CCIP- [Contractor Controlled Insurance Program](https://blog.tsibinc.com/defining-your-risk-when-considering-a-wrap-up)
- CGS- Cost Guaranteed with Savings
- CM- Construction Manager or Controllable Margin
- CO- Change Order-a change from the original scope of work described in the contract documents, Certificate of Occupancy
- COR- Change Order Request-request to owner for additional funds
- COS- Cost of Service
- DAR- Decision After Reconsideration
- DB- Design Build
- DBE- Disadvantaged Business Enterprise
- DD- Design Development, Design Documents
- DVBE- Disabled Veteran Business Enterprise
- ECC- Enterprise Central Component
- E&O- Errors & Omissions Insurance- carried by Architects & Engineers
- ECAC- Estimated Cost of Completion
- EEO- Equal Employment Opportunity
- EIFS- Exterior Insulated Finish System
- EMR- Experience Modification Rate
- F&I- Furnish and Install
- FF&E- Furniture, Fixtures and Equipment
- FIA- Final Invoice Approval
- FY- Fiscal Year
- G&A- General and Administrative Expense
- GL- [General Liability](https://tsibinc.com/insurance/commercial-insurance/general-liability-insurance/?_gl=1*hpeq8u*_ga*MTcyMTY2OTEwOC4xNzA0Mjg4MjIx*_ga_HS6F05ETYT*MTcxNzUyNzUwOS45MS4xLjE3MTc1Mjc4MTMuNTkuMC43MzEyMjA5Nw..)
- GMP- Guaranteed Maximum Price
- GSE- Gross Sales Earnings
- HVAC- [Heating Ventilation and Air Conditioning ](https://blog.tsibinc.com/top-5-risks-that-hvac-contractors-face)
- ICC- Insurance Cost Calculator 
- IFC- Issued for Construction
- ITB- Instructions to Bidders
- LEED- Leadership in Energy & Environmental Design - a Green Building Rating System which is the nationally accepted benchmark for the design, construction, and operation of high-performance green buildings.
- LS- Lump Sum- agreement to complete a project for a fixed price.
- MBE- Minority Business Enterprise
- MEP- Mechanical Electrical Plumbing
- Mod- Modification to Purchase Order
- MWDBE- [Minority, Women or Disadvantages Business Enterprise](https://blog.tsibinc.com/anatomy-of-an-mwbe-fraud-scheme-investigation)

These are just some of the most popular ones. Subscribe to our blog and be on the lookout for part two (N-Z)!

TSIB’s Risk Consultants are currently servicing the following locations:  
East Coast: New York City, NY; [Bergen County, NJ](https://tsibinc.com/contact-us/new-jersey/); [Fairfield County, CT](https://tsibinc.com/contact-us/connecticut/); [Philadelphia, PA](https://tsibinc.com/contact-us/philadelphia/)  
Texas: [Austin](https://tsibinc.com/contact-us/texas/), San Antonio, Houston, Dallas  
California: [Orange County](https://tsibinc.com/contact-us/santa-ana-california/), [Los Angeles County](https://tsibinc.com/contact-us/valencia-california/), Riverside County, San Bernardino County, [San Diego County](https://tsibinc.com/contact-us/valencia-california/)

image credit: www.shutterstock.com/g/fizkes

[View full post](https://blog.tsibinc.com/popular-construction-insurance-acronyms-part-1)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "The TSIB Team"
  },
  "dateModified" : "2024-06-07T18:45:00.808Z",
  "datePublished" : "2024-06-07T18:45:00Z",
  "headline" : "Popular Construction Insurance Acronyms – Part 1",
  "image" : {
    "@type" : "ImageObject",
    "height" : 4160,
    "url" : "https://3391365.fs1.hubspotusercontent-na1.net/hubfs/3391365/shutterstock_1256570863.jpg",
    "width" : 6240
  },
  "mainEntityOfPage" : "https://blog.tsibinc.com/popular-construction-insurance-acronyms-part-1",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Knowledge Corner"
  }
}
```