Uniform Percentage Markup Method is the expression coined by builder and author David Gerstel in his book Running a Successful Construction Company_ to describe a markup methodology author of that places a markup to achieve a prescribed Gross Profit on the sum of all...
Total Volume Based Markup Method is the expression I use to describe a markup methodology that places a markup to archive a prescribed Gross Profit on the sum of all the Labor, Materials, SubContractor and Equipment costs. It is also sometimes called Margin Based...
The colloquial expression used to describe a markup methodology taught by Irv Chassen and the management consulting company he founded known as PROOF that places the responsibility of recovering overhead costs solely on the labor or available production capacity a...
Costs incurred in the operation of a business which cannot be directly related to the individual products or services being produced. See Fixed Overhead and Variable Overhead
Net Profit is gross profit, less selling costs and administrative overhead. It’s the profit remaining in a business after all expenses have been taken out, but before taxation. Net Profit is a subset of a company’ Gross Profit See also Net profit – Wikipedia,...