Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
Popular Terms. Annual average gross revenue, computed typically over a three year period. It usually includes revenue from the sale of goods or services, interest, and rents less allowances and returns, proceeds from sale of fixed assets, intra enterprise transactions, inter-affiliate transactions, and withholding taxes collected from the employees.