CAPITAL CONSTRUCTION QUARTERLY ACTIVITY REPORT



                                     Glossary

Amendment: refers to modifications or changes to the Consultant's contract with the
University, usually the result of changes in the program or scope of a project caused by
unforeseen conditions or at the request of the University.

Change Order: refers to modifications or changes to the Contractor's contract with the
University, usually the result of conditions not anticipated by the contract documents,
plans and/or specifications for the work.

Consultant: the entity, usually an architectural or engineering firm, with whom the
University contracts and who has primary responsibility for providing services to design
and to administer the contract for construction of a construction project. The prime
consultant frequently employs the services of one or more sub-consultants in fulfilling its
contractual obligation.

Contract administration: refers to the activities of the consultant during the
construction phase of the project in which they verify that construction is in compliance
with the requirements of the contract between the University and the contractor.

General Contractor: the entity, usually a general contractor but occasionally a trade
contractor, with whom the University contracts and who has primary responsibility for
completion the construction of a project. This "prime" contractor usually employs the
services of various subcontractors (trade contractors) and vendors in fulfilling its
contractual obligations.

Feasibility Study: refers to investigation, usually commissioned through an outside
consultant, to advise the University of the merits of an anticipated construction project,
and to evaluate and comment on matters such as need, probably cost, preliminary
program issues, and so forth.

Gross square feet: the total area of the project, generally measured from the outside of
exterior walls for all floors of the project, including mechanical spaces.

H.B.C.: refers to the Commonwealth of Kentucky Department of Housing, Buildings
and Construction, the state agency having responsibility for review and approval of
University construction projects to assure compliance with applicable building codes.

Penthouse: refers generally to the enclosure around roof mounted mechanical spaces in
a project. Not considered occupied (or net assignable) space.

Percent complete: as used in the report refers to the expenditure to date divided by the
total amount of the construction contract for the work.