Common Contract Definitions


Contractor - A gambler who never gets to shuffle, cut or deal

Bid Opening - A poker game in which the losing hand wins

Bid - A wild guess carried out to two decimals

Low Bidder - A contractor who is wondering what he left out

Engineers Estimate - The cost of construction in heaven

Project Manager - The conductor of an orchestra in which every musician is in a different union

Critical Path Method - A management technique for losing your shirt under perfect control

Strike - An effort to increase egg production by strangling the chicken

Delayed Payment - A tourniquet applied at the pockets

Completion Date - The point at which liquidated damages begin

Liquidated Damages - A penalty for failing to achieve the impossible

Auditor - People who go in after the war is lost and bayonet the wounded

Lawyer - People who go in after the auditors and strip the bodies

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