I've only been away from the industry for a year, but due to the culture of change at my prior group, my lingo is way out of date (at least that's what I'm told by former colleagues).
However, the general theme was that "we do this scope for this multi billion dollar client, what can we do to oust the other guys and expand our service offering". Granted, we my not be the best at it, but we sure as hell can sell like we are.