There are a few possible meanings for this acronym. These are the three most commonly referenced:
Design Build Operate - a strategy used by government and military for procuring contracts where a private entity is responsible for the design, construction (building) and operation of a project. The public sector or government secures the funding. For example, the federal government will offer a contract (public funding, taxes) to Boeing (private company) to build fighter jets. Another...
There are a few possible meanings for this acronym. These are the three most commonly referenced:
Design Build Operate - a strategy used by government and military for procuring contracts where a private entity is responsible for the design, construction (building) and operation of a project. The public sector or government secures the funding. For example, the federal government will offer a contract (public funding, taxes) to Boeing (private company) to build fighter jets. Another example is California paying a private company to build and operate prisons.
Defined Benefit Plan: This is a retirement plan where employers pay the employee a pension based on a fixed formula, usually a combination of a percentage of their salary and their age. This is for accounting purposes when companies need to measure the future investment in their employees. It is not based on the performance of the company. Companies are required to disclose this information for tax purposes.
Database Operator: The administrator of a database. This is the individual that has permissions to access and alter a database.
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