Common terms

RFI (Request for Information)

The abbreviation "RFI" stands for "Request for Information" in business terms. It is a document used to obtain information from various supp...

Drive-in, or direct entry, is a term used in the context of logistics, warehousing and commercial real estate to refer to a design feature t...

Cross dock refers to a logistics method in which goods arrive at a warehouse or distribution centre and are almost immediately (with minimal...

The term "HoTs" is short for "Heads of Terms" (also known as "Letter of Intent" or basic tenancy terms). This document serves as an agreemen...

In the context of industrial development, the term "pipeline" refers to the planned or upcoming supply of new industrial space. The term is ...

A warehouse where goods considered dangerous are stored (ADR is an abbreviation derived from the French Convention on the Carriage of Danger...

The acronym ASTI stands for "Above Standard Tenant Improvements" This term is used in the real estate industry and refers to modifications o...

E-commerce, or electronic commerce, is the activity of buying or selling products electronically through online services or over the Interne...

Eearly access is a term used in the real estate industry that refers to the period before the official start of the rental period. During th...

The ESFR (Early Suppression Fast Response) system is a type of advanced automatic fire suppression system designed to quickly suppress fires...

FEE, or commission, is a fee or remuneration that is paid for providing a service or for arranging a trade or transaction. A commission may ...

YARD in the context of industrial real estate and logistics refers to the paved area in front of the reps hall. In front of the part of the ...

"Request for Proposal" (RFP), or request for bid is a document that summarizes the requirements for the purchase of services or products. Th...

Skylights are light transmitting windows located on the roof of a warehouse or other building that are used for lighting and sometimes venti...

Speculative construction is a term used in the construction and real estate industry to refer to a situation where a building is constructed...

BREEAM (Building Research Establishment Environmental Assessment Method) is the leading international methodology and certification system f...

Handover, or the transfer of a building, is a key moment in the leasing and real estate transaction process when control of a property or sp...

RFQ, short for "Request for Quotation". It is a standard business process whereby an organisation asks a supplier or service provider to sub...

CCTV, or closed-circuit television, is a system used to monitor and secure industrial parks, warehouses, office buildings and other public o...