Glossary entry (derived from question below)
English term or phrase:
bought out
English answer:
bought as opposed to manufactured in-house
Added to glossary by
Gabo Pena
Jul 28, 2005 23:53
18 yrs ago
4 viewers *
English term
bought out
English
Tech/Engineering
Engineering (general)
The intent of this document is to outline the requirements of the Owner for the design, engineering, procurement of materials and bought out components,manufacturing, inspection, testing and painting at works, packing, supply to site,...
What does "bought out" mean here?
What does "bought out" mean here?
Responses
+1
23 mins
Selected
bought as opposed to manufactured in-house
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3 mins
from external suppliers
59 mins
contracts let
This is another alternative. Contractors often buy out spec sections which really means giving out a purchase order/contract for windows furnished and installed or wall coverings furnished and installed. They will refer to "buying out" or "letting" the contract for that portion of the job.
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Note added at 1 hr 3 mins (2005-07-29 00:57:08 GMT)
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Clarification: I was just using windows or wallcoverings as examples. It can be any spec section for interiors or core and shell, etc.
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Note added at 1 hr 3 mins (2005-07-29 00:57:08 GMT)
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Clarification: I was just using windows or wallcoverings as examples. It can be any spec section for interiors or core and shell, etc.
5 hrs
Purchased
Usaully buying is from an outside source. Here the meaning could imply buying after negotiation for a reduced price.
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