14 03 2008

I heard a new term the other day – “partnering”. It’s used by those bidding on large projects (such as construction) and is a budgeted line item.

What it really is, is costs for entertaining the bigwigs – golf afternoons, drinks at the bar, lunches, dinners. Schmoozing, basically. But I guess the bean counters wouldn’t agree to “Schmoozing” as a line item… “Partnering” sounds better, but it’s the same thing.



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