Vancouver Renovation Glossary: Terms Every Homeowner Should Know

Renovation Terms and Definitions for Vancouver Homeowners

Renovation projects come with a vocabulary that can be confusing for homeowners. This glossary explains the most common terms used in Metro Vancouver renovation contracts, permits, and discussions.

A–C

• Allowance: A budget estimate in a contract for items not yet selected (e.g., “tile allowance: $15/sq ft”)
• As-built drawings: Drawings showing what was actually constructed (as opposed to design drawings)
• Change order: Written authorization to change scope, cost, or timeline from the original contract
• Contingency: Reserve budget (typically 10–15%) for unexpected costs

D–G

• Deficiency: Incomplete or substandard work at project closeout
• Demo: Demolition — removing existing materials before new construction
• Fixed-price contract: Contract with one total price for a defined scope
• FSR (Floor Space Ratio): Ratio of total floor area to lot area — limits how large a building can be
• GC (General Contractor): Main contractor who manages subcontractors
• Gross floor area (GFA): Total interior floor area including all levels

H–P

• Holdback: 10% of contract value withheld per BC Builders Lien Act until lien period expires
• LVL (Laminated Veneer Lumber): Engineered beam used to span openings (replacing walls)
• Permit: Official city authorization to proceed with regulated construction work
• Plan check: City review of permit application drawings before permit issuance
• Punch list: See “deficiency list”

R–Z

• Rough-in: Installation of pipes, wires, and ducts before walls are closed
• Scope: The complete description of what is included in a renovation project
• Substantial completion: When the project is sufficiently complete for its intended use (triggers lien period)
• T&M (Time and Materials): Cost-plus contract where you pay actual labour + materials + markup
• Variance: Permission to deviate from zoning bylaws (requires application to municipality)

→ See also: Vancouver Renovation Planning Guide

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VGC Editorial Team

✓ Licensed Contractor500+ Projects15 Years Experience

Vancouver General Contractors has completed 500+ home renovations across Metro Vancouver since 2010. Our articles are written and reviewed by licensed contractors, project managers, and renovation specialists with hands-on field experience.

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