Digital Twin
A real-time virtual representation of a physical asset.
Digital Twin
A digital replica of physical assets, processes, people, places, systems and devices that can be used for various purposes.
Disaster Recovery Plan
A documented process or set of procedures to recover and protect a business IT infrastructure in the event of a disaster, accident or emergency.
Dispute Resolution Board (DRB)
A panel of neutral experts established to resolve disputes during construction, reducing the need for litigation.
Disruptive Innovation
A new product, service, or business model that creates a new market or disrupts an existing one, often by offering a simpler, cheaper, or more convenient alternative to established offerings.
Diversification
A growth strategy that involves expanding into new products, services, or markets, in order to reduce risk and capture new opportunities.
Downtime
The period during which work on a construction site is halted due to equipment failure, adverse weather, or other disruptions.
Draw Request
A formal request submitted by the contractor to release project funds based on work completed in a given period.