Markups

You can add a markup to any cost item. Markups can be applied to any section, including the grand total. After the cost item is saved, the markup is carried over to the pricing page and is included in the subtotals for each section. They are also included in the Markup field in the issue header.

Markups can be based on a percentage, or they can be a specified markup. When you specify a value markup, you can specify the amount of the markup. That value is applied regardless of the amount in the cost item sections. Value markups are always level 0 and can also be applied to the grand total at level 0. For information about markups based on percentages, see Markups. For information about markup levels, see Markup calculation levels.

The following image shows the cost item pricing with a 100% markup percentage and a markup value of $100 in the Labor section, a value markup of $100 in the equipment section, and a value markup of $200 dollars in the grand total.

Value markups are included in the grand total summation before the grand total is multiplied by the percentage based markup. For example, the image below shows a grand total for an adjusted cost of $5000. A 10% percentage markup ($500) and a $60 value markup are applied at level 0. The 5% markup at level 2 is calculated from $5560, which is the adjusted cost plus the two level 0 markups.

Cost item markups are carried over to the pricing summary. The cost item markups are shown above the subtotal line and are included in the pricing summary subtotal.

After you convert the issue to a potential change order or client change order, both the cost item markup and the pricing summary markup are shown above the subtotal in the potential change order or client change order.

Add a percentage-based markup to a cost item

Summary: Add a percentage markup when you want to mark up cost items based on their values.

Considerations: Percentage markups are only calculated when a cost item has a value.

Quick steps:

From the Cost item pricing page, click Add markups, and then select Markup percentage. The Add markup dialog box opens.
Select an available markup, or click Add manual markups to add a new one. When you add a new markup, a slide-out panel opens in the Add markup dialog box that lets you add a markup name and percentage. The markup percentage can include up to three digits before the decimal. You can then select the section to which it is applied and the markup level, if applicable. Click Add to selected markups to add the markup.
Click Add. The markup is shown in the grid on its own line.

Add a value markup to a cost item

Summary: Add a value markup to a cost item when you want the markup to be a set amount and not based on the values of the cost items in that section.

Considerations: Because the value markup is a set amount, it is added to the cost item section regardless of the value of the cost category. Value markups are always level 0.

Quick steps:

From the Cost item pricing page, click Add markups, and then select Markup value. The Add markup dialog box opens.

Enter the markup name, the value of the markup, and the section it applies to. The markup level is set to Level 0 and cannot be changed.
Click Add to selected markups.
Optionally, repeat steps 2 and 3 if you want to add additional value markups.
Click Add to add the markups to cost item pricing. The markup is shown in the grid on its own line.

You can also add markups at different calculation levels to the grand total. See Markup calculation levels for more information.