BaseBuilders Knowledge Base
Welcome Aboard
System Admin and Settings
Projects and Proposals
Financial Transactions
BaseBuilders Knowledge Base
Terminology and Calculations
Short explanations of terms and modules
What is SOV?
SOV is an abbreviation for Schedule of Values. They are also known as construction costs or probable costs of construction.
What is Earned Value?
Earned Value is a term used in the AE industry to indicate how much fee has been earned based upon work completed.
Phase Billing Formats
These formats determine how a phase will be invoiced to your client.
Fee Burn Defined
Fee Burn is the amount of the Net Fee that you have burned through internally.
Project Financial Terms
Understanding Billing Formats
This video runs thru Fixed Fee, Hourly, and Not to Exceed. It also talks about how we eliminate accidental over billings.
Equivalent Hourly Rate
The hourly pay rate for salaried employees
Overhead Factor
Every firm has overhead costs that need to be allocated to its projects. This is accomplished with an overhead factor.
Target Profit Percentage
What percentage of profit would you like for your firm to achieve on an annual basis.