So, here is my question for you... do you know what these terms mean?  If you don't, take whomever is responsible for construction on your campus out to lunch.  You may not need to know about this on a daily basis, but if you have a strategic plan, campus program plan or a capital construction project in your future it would be beneficial for you to find out.  If you fundraise, what information can your project lead provide to you so that you can provide donors with updates on new buildings?  Do these stages have any appeal for your local media?  Will this impact the neighbors to your campus and if so when and how? If you have a construction timeline, can you work to strengthen relations with the community in advance?  How else can you make the most of the changes occurring on your campus? 

-- Teresa

PS-- Brad just commented on a question and made me think about the parking implications of construction-- think through how you are going to communicate this in advance to your internal and external constituents... after all, nothing is taken as seriously as parking on a campus!!