Profit - Revision history

Designing Buildings at 07:29, 14 April 2022

2022-04-14T07:29:24Z

← Older revision		Revision as of 07:29, 14 April 2022
Line 21:		Line 21:
	Construction contracts will generally provide for the contractor to claim direct loss and expense as a result of the progress of the works being materially affected by relevant matters for which the client is responsible. Contracts generally allow direct losses to be recovered (such as the cost of labour and materials), but may exclude indirect or consequential losses (such as loss of profit).		Construction contracts will generally provide for the contractor to claim direct loss and expense as a result of the progress of the works being materially affected by relevant matters for which the client is responsible. Contracts generally allow direct losses to be recovered (such as the cost of labour and materials), but may exclude indirect or consequential losses (such as loss of profit).

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Accounting.		* Accounting.
	* Cash flow.		* Cash flow.
−	* Expected market cost.
	* How to calculate head office overheads and profit.		* How to calculate head office overheads and profit.
−	* Leverage.
	* Loss and expense.		* Loss and expense.
	* Margin.		* Margin.
Line 37:		Line 35:
	* Project overheads.		* Project overheads.
	* Quote.		* Quote.
		+	* Revenue.
	* Turnover.		* Turnover.
	* Yield.		* Yield.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 18:44, 9 August 2021

2021-08-09T18:44:59Z

← Older revision		Revision as of 18:44, 9 August 2021
Line 25:		Line 25:
	* Accounting.		* Accounting.
	* Cash flow.		* Cash flow.
		+	* Expected market cost.
	* How to calculate head office overheads and profit.		* How to calculate head office overheads and profit.
	* Leverage.		* Leverage.

Designing Buildings at 10:26, 15 October 2020

2020-10-15T10:26:11Z

← Older revision		Revision as of 10:26, 15 October 2020
Line 39:		Line 39:
	* Yield.		* Yield.

−	[[Category:~~Standards_/_measurements~~]] [[Category:~~DCN_Standard~~]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 19:19, 1 November 2019

2019-11-01T19:19:51Z

← Older revision		Revision as of 19:19, 1 November 2019
Line 26:		Line 26:
	* Cash flow.		* Cash flow.
	* How to calculate head office overheads and profit.		* How to calculate head office overheads and profit.
		+	* Leverage.
	* Loss and expense.		* Loss and expense.
	* Margin.		* Margin.
Line 38:		Line 39:
	* Yield.		* Yield.

−	[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:Standards_/_measurements]] [[Category:DCN_Standard]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 18:05, 9 May 2019

2019-05-09T18:05:18Z

← Older revision		Revision as of 18:05, 9 May 2019
Line 34:		Line 34:
	* Profitability.		* Profitability.
	* Project overheads.		* Project overheads.
		+	* Quote.
	* Turnover.		* Turnover.
	* Yield.		* Yield.

	[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 07:36, 18 March 2019

2019-03-18T07:36:19Z

← Older revision		Revision as of 07:36, 18 March 2019
Line 21:		Line 21:
	Construction contracts will generally provide for the contractor to claim direct loss and expense as a result of the progress of the works being materially affected by relevant matters for which the client is responsible. Contracts generally allow direct losses to be recovered (such as the cost of labour and materials), but may exclude indirect or consequential losses (such as loss of profit).		Construction contracts will generally provide for the contractor to claim direct loss and expense as a result of the progress of the works being materially affected by relevant matters for which the client is responsible. Contracts generally allow direct losses to be recovered (such as the cost of labour and materials), but may exclude indirect or consequential losses (such as loss of profit).

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Accounting.		* Accounting.
	* Cash flow.		* Cash flow.
−	* ~~Investment~~.	+	* How to calculate head office overheads and profit.
	* Loss and expense.		* Loss and expense.
	* Margin.		* Margin.

Editor at 13:43, 18 May 2018

2018-05-18T13:43:57Z

← Older revision		Revision as of 13:43, 18 May 2018
Line 3:		Line 3:
	Put simply, profit is calculated as: Total revenue – Total expenditure		Put simply, profit is calculated as: Total revenue – Total expenditure

−	The owners of a business are responsible for deciding what to do with profit, and may reinvest it in the business, pay off outstanding debts, reward employees with bonuses and pay-rises, make payments to shareholders and so on.	+	The owners of a business are responsible for deciding what to do with profit, and may reinvest it in the business, pay off outstanding debts, reward employees with bonuses and pay-rises, make payments to shareholders, and so on.

	There are different types of profit that can be measured:		There are different types of profit that can be measured:
Line 15:		Line 15:
	For more information, see Profitability.		For more information, see Profitability.

−	When contractors submit tenders for construction works, they will typically identify profit and overheads as separate items in addition to the cost of labour, materials, plant and so on.	+	When contractors submit tenders for construction works, they will typically identify profit and overheads as separate items in addition to the cost of labour, materials, plant, and so on.

	Profit may be calculated as a percentage, which will vary according to risk, workload and economic climate and so on. It can also relate to the turnover of capital employed for each project; the more times a contractor can turnover its capital on a project the more it can afford to cut margins.		Profit may be calculated as a percentage, which will vary according to risk, workload and economic climate and so on. It can also relate to the turnover of capital employed for each project; the more times a contractor can turnover its capital on a project the more it can afford to cut margins.
Line 36:		Line 36:
	* Profitability.		* Profitability.
	* Project overheads.		* Project overheads.
		+	* Turnover.
	* Yield.		* Yield.

	[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 14:51, 18 January 2018

2018-01-18T14:51:07Z

← Older revision		Revision as of 14:51, 18 January 2018
Line 1:		Line 1:
−	In accounting, the term ‘profit’ refers to the financial benefit that is achieved when the work done and the expenses incurred by a business are exceeded by the amount of revenue generated by the activities of the business. The owners of the business are responsible for deciding what to do with the profit, e.g. reinvest it in the business, pay off outstanding obligations, reward employees with bonuses and pay-rises, etc.	+	In accounting, the term ‘profit’ refers to the financial benefit that is achieved when the work done and the expenses incurred by a business are exceeded by the amount of revenue generated by the activities of the business.

−	Put simply, profit is calculated as:	+	Put simply, profit is calculated as: Total revenue – Total expenditure

−	~~Profit = Total revenue – Total expenditure~~	+	The owners of a business are responsible for deciding what to do with profit, and may reinvest it in the business, pay off outstanding debts, reward employees with bonuses and pay-rises, make payments to shareholders and so on.

−	~~The earning of profit is the aim of every business, with performance often being based on profitability.~~ There are different types of profit that can be measured:	+	There are different types of profit that can be measured:

	* Gross profit.		* Gross profit.
	* Operating profit.		* Operating profit.
	* Net profit.		* Net profit.
		+
		+	Profit may also be referred to as a ‘profit margin’. Profit margin is the percentage of the gross revenue that represents profit.

	For more information, see Profitability.		For more information, see Profitability.

−	~~The percentage~~ profit ~~a contractor might apply~~ to ~~their tender price~~ will vary according to risk, workload and economic climate. It can also relate to the turnover of capital employed for each project; the more times a contractor can turnover its capital on a project the more it can afford to cut margins.	+	When contractors submit tenders for construction works, they will typically identify profit and overheads as separate items in addition to the cost of labour, materials, plant and so on.
		+
		+	Profit may be calculated as a percentage, which will vary according to risk, workload and economic climate and so on. It can also relate to the turnover of capital employed for each project; the more times a contractor can turnover its capital on a project the more it can afford to cut margins.

−	~~Confusingly, profit may also be referred~~ to as a ~~‘profit margin’. Profit margin is~~ the ~~percentage~~ of the ~~gross revenue that represents~~ profit.	+	Construction contracts will generally provide for the contractor to claim direct loss and expense as a result of the progress of the works being materially affected by relevant matters for which the client is responsible. Contracts generally allow direct losses to be recovered (such as the cost of labour and materials), but may exclude indirect or consequential losses (such as loss of profit).

	= Find out more =		= Find out more =
Line 24:		Line 28:
	* Cash flow.		* Cash flow.
	* Investment.		* Investment.
		+	* Loss and expense.
	* Margin.		* Margin.
	* Mark-up.		* Mark-up.

Editor at 17:03, 5 January 2018

2018-01-05T17:03:24Z

← Older revision		Revision as of 17:03, 5 January 2018
Line 26:		Line 26:
	* Margin.		* Margin.
	* Mark-up.		* Mark-up.
−	* ~~Overloads~~.	+	* Overheads.
	* Profit and loss account.		* Profit and loss account.
	* Profit and overheads on construction projects.		* Profit and overheads on construction projects.

Editor: Created page with "In accounting, the term ‘profit’ refers to the financial benefit that is achieved when the work done and the expenses incurred by a business are exceeded by the amount of rev..."

2018-01-05T17:01:54Z

Created page with "In accounting, the term ‘profit’ refers to the financial benefit that is achieved when the work done and the expenses incurred by a business are exceeded by the amount of rev..."

New page

In accounting, the term ‘profit’ refers to the financial benefit that is achieved when the work done and the expenses incurred by a business are exceeded by the amount of revenue generated by the activities of the business. The owners of the business are responsible for deciding what to do with the profit, e.g. reinvest it in the business, pay off outstanding obligations, reward employees with bonuses and pay-rises, etc.

Put simply, profit is calculated as:

Profit = Total revenue – Total expenditure

The earning of profit is the aim of every business, with performance often being based on profitability. There are different types of profit that can be measured:

* Gross profit.
* Operating profit.
* Net profit.

For more information, see Profitability.

The percentage profit a contractor might apply to their tender price will vary according to risk, workload and economic climate. It can also relate to the turnover of capital employed for each project; the more times a contractor can turnover its capital on a project the more it can afford to cut margins.

Confusingly, profit may also be referred to as a ‘profit margin’. Profit margin is the percentage of the gross revenue that represents profit.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Accounting.
* Cash flow.
* Investment.
* Margin.
* Mark-up.
* Overloads.
* Profit and loss account.
* Profit and overheads on construction projects.
* Profitability.
* Project overheads.
* Yield.

[[Category:Standards_/_measurements]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]