Photo Source: Roxul (Rockwool)
Waterproofing below grade is used
to manage and mitigate water that would enter the foundation due to
hydrostatic pressure. A barrier is used (continuous on exterior
foundation walls) to prevent water from migrating through the
concrete, into the foundation. This is used in conjunction with
drainage systems including piping that redirects water away from
the foundation, and granular fill under the slab prevents water
build up and entry into the foundation.
A waterproof slab involves sandwiching a waterproofing membrane between layers of concrete.