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| Off-center splice
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A joint between structural members of different lengths. |
| Off-peak
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The period of low energy demand, as opposed to maximum, or peak, demand. |
| Off-ratio foam
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SPF where the 1 to 1 ratio of the A and B components has been compromised and which results in a lower quality material. |
| Off-site
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Not on a construction site proper. In a different location. For example, utility lines are brought into a development from off-site. |
| Off-site costs
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Expenditures related to construction but are not directly on the property in question. |
| Off-site improvements
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The portions of a subdivision or development that are not directly on the lots to be sold but enhance them in some way. |
| Offer
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An expression of willingness to purchase a property at a specified price; presenting for acceptance a price for a property parcel; the bid price in a real estate or security transaction. |
| Offer and acceptance
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These two requirements of a contract forming mutual consent combined with valuable consideration are the major elements of a contract. |
| Offer to purchase
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A proposal to buy property at a specified price whereupon the seller has the options of accepting or rejecting the offer or making a counteroffer. |
| Offeree
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One who receives an offer. |
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