Glossary entry

English term or phrase:

workoff revenue

English answer:

Erträge aus Projektarbeit

Added to glossary by Teresa Reinhardt
Feb 18, 2008 23:17
16 yrs ago
English term

workoff revenue

English Bus/Financial Petroleum Eng/Sci Engineering and construction
The term appears in the following sentence of a booklet for an engineering, construction and project management company:

"New work booked and workoff revenue figures for the past five years".

What does "workoff revenue" mean in this context? Is it the same as revenue or does it mean something else? Thanks in advance!
Change log

Feb 23, 2008 17:10: Teresa Reinhardt Created KOG entry

Responses

6 hrs
Selected

Erträge aus Projektarbeit

I can really only find this used at Bechtel (where our taxes go); from the context, I am thinking it refers to the amount received for whatever work they were able to do during the year in question, looking at it as if they were working off a list..
A lot of these projects are long-term, some get interrupted, so they don't go from start to finish within one business year.
Consequently, the only way to show how they are doing is a) by new business sold and b) by how many of the existing contracts they have been working on (or off!), how much they billed and what they received
Something went wrong...
2 KudoZ points awarded for this answer. Comment: "Thank you for the help. I contacted the client and they said it means "operating revenue"."
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search