“Crocodile Tears” = When someone feigns sadness they ‘cry crocodile tears,’ a phrase that comes from an old myth that the animals cry while eating. Now, a researcher has concluded that crocodiles really do bawl while banqueting – but for physiological reasons rather than rascally reptilian remorse.
Wit, Wit, Wit Business examples:
Witz, Witz, Witz Geschäftsbeispiele:
“A fool and his money are soon married.” Quote by Carolyn Wells.
Vocabulary of Contracts: Verträge:
Cost-plus
Payment terms under which a supplier is reimbursed for actual (ascertained) costs plus an addition for profit – either an agreed fixed amount or a percentage of costs.
Critical path (analysis)
Most commonly used in works or major capital equipment projects. A sequence of defined activities whose timing determines the final completion date. See also Lead time. Critical path analysis is a management technique used to identify the interaction of these defined activities.
Debriefing
The term is used to describe the process of explaining to unsuccessful tenderers why they have not been awarded the business and to help suppliers improve their competitive performance.
Deliverables
A collective name for all those tangible things that the supplier or contractor is required to supply under the agreement. It includes goods or finished works, together with drawings, specifications and other related documentation. It does not normally include intangibles such as warranties – these are commonly termed ‘ongoing obligations‘.
Demurrage
In a voyage the obligation to see that the ship is loaded and unloaded falls to the charterer; the ship’s owner’s obligation is to get the ship to the port of loading or unloading. Demurrage is an agreed amount of damages to be paid by the charterer for exceeding the permitted amount of loading/unloading time. The quicker the total voyage time the more profitable is the transaction for the shipowner.
Economic order quantity (EOQ)
The most cost-effective quantity to order when purchasing stock.
End-user
The actual user of the goods and services purchased by the buyer is responsible for stating the requirement and often the specification.
Enquiry
Also known as invitation to tender – the buyer invites suppliers to bid for business usually setting out the specification and terms and conditions. Enquiry documents comprise all those documents – specifications, terms and conditions etc – sent to suppliers to enable them to bid.
Ex-gratia claims/ claims of right
Claims that are not covered by the contract are either
– ‘claims of right’ arising out of an action, or
– lack of action by one of the parties
which might give rise to a claim at law, or ‘ex-gratia’, where no payment is legally due under the contract or otherwise and which cannot be recovered at law.
Expediting
An organised and sustained activity to monitor a supplier’s progressive achievement with the aim of achieving deliveries on time.
The Dove Returns
A special word of the day: Ein besonderes Wort des Tages:
Regurgitate means
verb: regurgitate; 3rd person present: regurgitates; past tense: regurgitated; past participle: regurgitated; gerund or present participle: regurgitating
bringing (swallowed food) up again to the mouth.
“gulls regurgitate food for the chicks.”
Similar:
vomit, bring up, disgorge, regorge
Medicine
(of a fluid) flow through a vessel or valve in the body in a direction opposite to normal.
“an incompetent mitral valve allows blood to regurgitate into the left atrium throughout ventricular contraction.“
repeat (information) without analysing or comprehending it.
“facts which can then be regurgitated at examinations.“
Similar:
repeat, say again, restate, recapitulate, iterate, reiterate, and recite.
Pronunciation: Aussprachetipp:
To Bawland a ballare pronounced in the same way.
False Friends: Falsche Freunde:
To Bawl to cry very much – a ball – a football for example.
Quote of the week: Zitat der Woche:
“Our joy is not around us, it’s in us”. Joyce Meyer.
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