Term sheet


  • Dictionary : PIARC Road Dictionary/ English
  • Theme : Financial and Legal Tools / Finance and Procurement / Economics and Finance
  • Definition : Comparing the performance of an action to a qualitative and quantitative standard.
    1. Such a standard will often be the best in the same domain of intervention or in a related domain.
    2. Benchmarking is facilitated when, at the national or regional level, there is comparative information of good and not so good practice.

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