Examples of Base Figure in a sentence
The Step 1 DBE Base Figure was derived by using a weighting process by which the percentage of dollars spent on various activities (represented by NAICS codes) were multiplied by the percentage of relevant DBE firms to all relevant firms as indicated in Table 3 above.
Step Two of the goal setting calculation process is intended to adjust your Step One Base Figure to make it as precise as possible.
For example, assume that your Step One Base Figure calculations establish that there are 15 DBE firms that perform the type of work for which you expect to contract this year and that two of those firms will imminently be decertified.
Weighting can help ensure that your Step One Base Figure is as accurate as possible.
The first step in adjusting your Step One Base Figure for past participation is to determine your "median" past participation percentages.