PUBLIC BID OPENING
The unsealing and reading of sealed bids that have been received in respinbse to an invitation for bids. Any interested member of the public as able to attend a bid opening. Bids
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The unsealing and reading of sealed bids that have been received in respinbse to an invitation for bids. Any interested member of the public as able to attend a bid opening. Bids
A partnership strategy thatb results in a quick turnover for orders. The main aim is to reduce the rsponse time to a bare minimum and still supply the required products. Usually between
The gradual increase in energy, manpower or quantities. Often when a production begins only a small quantity is produced. Over a period of time more and more is produced and moremoney is
Named after Frank Ramsey, known as the elastic rule. This is a term used to imply that if the market increases the price will increase accordingly. People used to buying a product
Quality requirements. A list or criteria that a product will need to meet in order to be of sufficient quality to be offered to consumers. The manufacture will creat a list of
A unit of metric measurement. It is the equivalent of one tenth of a tonne or one tenth of 100 kilograms. It is equal to 220 pounds.
While maintaining quality of a product, the product must still conform to all effective design and manufacturing processes. An efficient and effective method of manufacturing is still needed while quality control is
This file contains sets of documents that the general public are allowed to see. There is no restriction on who can look at these documents.
The value of a property on the real estate market. This value is based on the annual rent received for the property. A ratable value will be assessed to determine if any
1. The quality of an object that allows it to be rated or appriased under certain criteria. 2. A proportionate ratio of the whole. 3. A taxable quantity.
The adjustment of a computerised image so that it can be printed by a dot matrix printer or laser printer. The image will be adjusted in such a way that it becomes
A method of decision making that ranks the importance of each project. They are ranked by a set of criteria such as cash flow, risk factors, capital appreciation. The allocation of capital
A term that is used to describe a person or company that is just breaking even by covering all living expenses. It indicates that a company is making more money that it
A short-lived decay product or radon 222. the isotopes are from the decay from bismuth 214, known as radium C, lead 214, known as radium B and polonium 214 and 218 that
A chart that is used to control the s tability of the variables of a product. A product will be stable over a set range of variables and it will tracked during
Something that has more than one underlying option associated with it. These options are called colors. Hence the term rainbow option. These factors cannot be combined as one factor.
Do you know about Raster Graphics? These graphics are made up of thousands of tiny pixels. When a raster image is enlarged you can see allof the little dots that go together
This term is used to describe the increase in a commodity. This increase will occur after a fall or decline in the value of a product. Often a term that is heard
A model that is 3 dimensional and generated by a computer from a CAD drawing. The creation of this prototype model is made using different techniques. These techniques are selective laser sintering,
This is a plan for retirement that it is only made available to workers employed by the railroad. Other employers not employed by the railroad are not eligible for this retirement benefit.