click below
click below
Normal Size Small Size show me how
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. |