The Most Commonly Used Contemporary Construction for Midrise, Multifamily Residential

question 48

Essay

The most commonly used contemporary construction for midrise, multifamily residential buildings in the U.S. is podium construction. What is meant by a podium in this case?

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Definitions:

Reasonably Estimable

A term used in accounting to describe a cost or liability that can be accurately predicted or projected.

Contingent Liability

A potential financial obligation depending on the outcome of future events, not yet confirmed as a liability.

Future Event

A future event is an occurrence or situation that is expected or anticipated to happen at a later date, which can impact financial planning and decisions.

Current Liabilities

Obligations or debts that a company is expected to pay within one year or within its normal operating cycle, whichever is longer.