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cover pricing

cover pricing  n.— «The four-year investigation—one of the OFT’s biggest—centred on a practice known as cover pricing, in which construction firms secretly agreed the prices they would submit during a tender process. A firm that did not...

ticket case

ticket case  n.— «There are contracts you agree to (or are taken to agree to) by your conduct alone. A good example of this sort of contract is the contract you agree to at places like public parking garages. When you drive into a public...

per piece manning

per piece manning  n.— «In fire safety circles, “per piece manning” is the term for the approach that the union and mayor have endorsed in negotiations to settle a contract that expired last July. McKay explained how “per...

social dumping

social dumping  n.— «A further risk is that disgruntled incumbent suppliers might retaliate by introducing some form of poison pill such as a special bonus payment—a hit that the new supplier will have to take. They have also been known to...

rack inversion

rack inversion  n.— «Meanwhile, independent station owners are getting squeezed. The gas they buy on the spot market, which is usually lower priced than that provided to branded stations under contract, is now higher, Langley said. This...

surplusing

surplusing  n.— «The employees will have the opportunity to “follow the work,” as AT&T puts it, thus skirting a promise it made in its current contract with the union not to engage in “surplusing,” which is...

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