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BBCF_Terminology_7
Section 7: Commercial Case
| Term | Definition |
|---|---|
| Service Stream | A related set of services provided to customers as a coherent offering, e.g. residential planning application, consent and control. |
| Collaborative procurement | A procurement exercise facilitated by the pre-existence of a framework agreement, call-off contract, etc. |
| Procurement strategy | The approach adopted to optimise the balance between risk, cost, performance level and longevity of a product, service or works. |
| DBFO | Design, Build, Fund and Operate. |
| Charging mechanism | Also payment mechanism. The conditions set in place around payments for service that encourage superior performance by a supplier. |
| Payment mechanism | Also charging mechanism. The conditions set in place around payments for service that encourage superior performance by a supplier. |
| Risk apportionment | A formal agreement setting out the assignment of management and mitigation of risks associated with delivery of a product, service or works . |
| Contract currency | A measure of performance that is used to define a payment mechanism. |