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Lease buyout
An agreement where the lease of an existing tenant is given up for its remaining term. The agreement makes the existing lease […]
Liability insurance
Insurance that protects the insured against lawsuits brought in response to supposed acts of negligence that result in injury or loss of […]
Letter of intent
A document issued by the owner to the contractor to allow work to begin prior to execution of the formal contract.
Low-cost/No-cost initiatives
Initiatives that fit into the operational budget and normal operating work procedures, not requiring any special or additional funding.
Life-cycle cost (LCC)
Process of determining (in present-value terms) all costs incident to the planning, design, construction, operation and maintenance, and disposition of an asset […]
Lagging indicator
A metric that mainly refers to past developments, effects and results. It depicts actual trends against performance levels.
Level of Service (LOS)
A quantitative description of the provider will support service through availability, serviceability, performance, operation, or other attributes.