A term perhaps more commonly used overseas than here in the U.S. where we at times refer to a Schedule of Values a schedule of rates is ….in its lesser form in a standard contract can be a list of staff, types of labour and plant hire rates upon which...
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...
A target cost is calculated by subtracting a desired profit margin from an estimated or a market-based price to arrive at a desired production, engineering, or marketing cost. This may not be the initial production cost, but one expected to be achieved during the...
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,...