Here is Materio's glossary of terms, encompassing some names and phrases that are particular to Materio but also how we define some terms commonly used in the interior design and construction industry.

Scope of Work: a detailed outline for a project, listing Scope Items to be completed. Materio's Scope of Work is considered the foundation of every project and provides structure for organizing every decision and piece of information about it. The total cost of a project is the sum of all the Scope Items, plus any project fees defined.

Scope Item: a specific item in the Scope of Work, representing an individual deliverable. These can be materials or work to be done, with the quantities and costs of each. For example: demolition, dumpster, floor tile, windows, doors, electrical labor, hourly design services, etc.

Location: a room, place, or area of a project. Locations are used to help organize your items. For example: Kitchen, Living Room, Main Bedroom, Exterior, Patio, etc.

Selection: a decision to be made by the client, such as which flooring product to install or which light fixture to purchase.

Project: a new build, renovation, or other major engagement with a client. The project is a core concept of Materio. Construction companies may commonly also refer to this as a "job".

Gross Profit Margin %: what percentage of your revenue is gross profit. For example, if you purchase a sink for $100 then mark it up 50% (adding $50 on top of the cost to procure) and sell it for $150, your revenue is $150. Your gross profit is $50. Your gross profit margin is then $50 divided by $150, which is 33.3%.

Markup %: how much you add on top of the cost of a good to calculate the selling price or client price. For example: you purchase a light fixture for $500 and mark it up 100%, resulting in a client price of $1000.