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08:51 Jul 18, 2005
English to Chinese translations [PRO] Tech/Engineering - IT (Information Technology)
English term or phrase:adjusts for the fact
Cost + Profit
This method determines a percentage of profit in assigning price. This is done for several reasons. For one, it provides some cushion in case some service delivery costs aren't properly captured or unexpected budget overruns occur. Also, the addition of a profit margin adjusts for the fact that costs are recouped after expenditures are made and that costs are always rising. In addition, some companies add margin in order to run IT as a profit center -- and thereby put it on equal footing with the cost of external service providers and/or outsourcers.