building permit

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Building Permit

Permission by a local government to build a new construction or renovate an existing one. A building permit helps ensure that the construction will be safe and that it will comply with inspections (and therefore with the building code). It also helps raise revenue for the municipality, since building permits usually require a fee.

building permit

Written permission from local government to proceed with construction, substantial repair,demolition,or sign erection on real property.The permit process serves several purposes:

• Revenue generation through permitting fees
• Early identification of potential problems, such as the need for historical district approvals
• Entry of the project into a tracking system to ensure code compliance through periodic inspections
• Estimation of the anticipated cost of the project, in order to assist local government with analysis of building and development trends
• Initiation of steps that will ultimately ensure all subcontractors have business licenses and correctly report their income for the year

(Developers typically include contingencies in their purchase contracts to allow for difficulties in obtaining building permits. Especially with large projects, which require extensive plan review before issuance of a permit,the permitting process can take many months.)

References in periodicals archive ?
However, the MDPS figures indicate that the number of building permits issued last month was 31% lower than those issued in June.
The area of housing projects which received a building permit rose 3 per cent in January to July, to 431,004 square meters, while their value rose 0.
The post Building permits up 47% in 2017, Cystat says appeared first on Cyprus Mail .
The new strategy, set-up by Dubai's Committee for Building Permit Procedures Development, aims to enhance Dubai's prominent positioning as a city where the active building and construction sector plays an important role as key component of the economic development.
The new strategy, set up by Dubai's Committee for Building Permit Procedures Development, aims to enhance Dubai's positioning as a city where the active building and construction sector plays an important role as key component of the economic development.
One of the areas the city continues to monitor is residential building permits for single-family and multifamily dwellings, down from the same time last year.
These building permits allow for the construction of 290 dwellings.
In the second quarter of 2014, Bulgaria's municipalities have issued building permits for the construction of 1121 residential buildings with 3 462 dwellings and 461241 sq.
Dr Al Ka'abi said the ministry is keen to support the urban development and issue building permits according to the classification of the areas.
A new survey just released shows nationwide single family building permits increased 27 percent from a year ago in the first quarter to the highest first-quarter total since 2008.
This creates a hardship for developers, since they must post 50 per cent of the total development charge before building permits are issued, with the balance to be paid at the time of building permit issuance.

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