Examples of Base Figure in a sentence
The resulting number will be used as the numerator in determining the Base Figure.
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.
The next step in establishing the Base Figure was to determine our denominator.
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.
Step Two of the goal setting calculation process is intended to adjust your Step One Base Figure to make it as precise as possible.