14 Project Definitions

Friday, October 16, 2009
By admin

Contractor

A gambler who never gets to shuffle, cut or deal

Tender Opening

A poker game in which the losing hand wins

Tender

A wild guess carried out to two decimal places

Successful Bidder

A contractor who is wondering what he left out

In-House Estimate

The cost of construction in heaven

Project Manager

The conductor in an orchestra in which every musician is playing a different tune

Construction Claim

The contractor’s guess at the amount of money needed to transform a net loss into a gross profit

Critical Path Method

A management technique for losing your shirt under perfectly controlled conditions

Strike

An effort to increase egg production by strangling the chicken

Delayed Payment

A tourniquet applied at the pockets

Completion Date

A point at which liquidated damages begin

Liquidated Damages

A penalty for failing to achieve the impossible

Auditors

People who go in after the battle is lost and bayonet the wounded

Lawyers

People who go in after the auditors and strip the bodies

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