The Markup tab on the Project Settings dialog box contains fields in which you can enter any description, percent, or fixed amount you want. The Target Cost Code column contains all cost codes.
To create default markup values:
Right-click on a project in the Project View and choose Project Settings to open the Project Settings Dialog Box.
Click the Markup tab.
Click Add Markup to open the Markup Dialog Box.
Enter a description for the markup.
Enter the Markup % and Markup Amount ($).
Click Select Target Cost Code next to the Target Cost Code field to open the Select Cost Code Dialog Box to choose the cost code to which you want to apply the markup value.
Use the Remarks section to enter any additional information about the markup.
Click Select Source Cost Code next to the Source Cost Code field to open the Select Cost Code Dialog Box to choose a specific source cost code. Contract Management calculates the amount of markup that is applied from the Distributed Value in the Cost Inspector of all cost distributions that match the specific cost code.
Click Save and Close to close the dialog box.
Click Organize Rows to select the order in which to apply the markup categories. Click Save when you are finished editing the order.
Tips
When adding a new contract or purchase order, the module pulls the markup defaults that you enter, and uses them in the contract or purchase order.
Even if you enter default markup values, you can modify the markup values on a per contract or purchase order basis.
Using source cost codes enables you to break down costs into individual components. Instead of basing markup on one lump sum (such as overall cost), you can divide the cost into labor, materials, and bond, and apply markup categories to each of those. The module calculates the amount of markup that is applied from the distributed value of all cost distributions that match the specific cost code.
You can use wild cards in the Source Cost Code field. Use a question mark (?) to replace one letter or an asterisk (*) to replace multiple letters. For example, if you have cost codes A1B and A2B, and you enter A?B, both cost codes will be found. Similarly, if you use A*, all cost codes that begin with A will be found.
For more information on setting markup preferences, see Specify Project Settings.
next to the Target Cost Code field to open the Select Cost Code Dialog Box to choose the cost code to which you want to apply the markup value.
