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Level 6

Unit 6


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bid
compete against other firms by offering to do a job or contract for a certain amount of money
brand identity
brand image
itemise
list things separately
proven track record
all the successful achievements that someone or something has had in the past
specification
detailed description of how something should be done, made, etc.
value for money
something well worth the money spent
allocate
give something to someone as their share of a total amount, for them to use in a particular way
benchmark
measure the quality of something by comparing it with something else of an accepted standard
critical path
sequence of stages determining the minimum time needed for the execution of an entire project
key stage
important time period in a sequence of events
map
make a plan in detail
trade press
magazine published for and read by members of a particular trade group
bid for
offer to do some work for a particular price
estimate
guess the cost, size, value, etc. of something
team up with
work together with
work out
calculate
procurement
the obtaining of supplies
tender
formal written offer to do a job for an agreed price
entrant
person who takes part in a competition or an examination
fee
amount of money paid for a particular piece of work
go out of business
no longer able to operate as a business