Pricing summary

The Pricing summary is used to collect pricing information related to your issue, so you can manage and track the current estimate price and see a progression of your pricing totals from rough order of magnitude (ROM) to Agreed. The Pricing Summary tab can be used to record high-level pricing information or more detailed information on the Pricing page using cost item pricing. If you have more detailed pricing information related to the issue (for example, pricing sheet, pricing change from estimate, quote from sub), you can attach it to the issue under the Supporting Documents tab.

The Pricing summary tab includes the following tools to help you complete the task.

Pricing tab – tools
Title	Description
1	View project contract summary	Opens the Project contract summary slide-out panel that shows a view of the current project value, projected project value, milestones, and allowance category.
2	Jump to pricing section	Lets you jump to a section of the Pricing page without scrolling.
3	Add supporting document	Opens the Add supporting documents dialog box that lets you attach a document.
4	Row density	Lets you choose the density of the rows from relaxed for easy viewing, narrow, and tight to maximize the number of rows you can see at a time.
5	Export to Excel	Exports the pricing information, including cost item pricing, into a Microsoft Excel spreadsheet.
6	Add note	Lets you add a note about the pricing.
7	Show Pricing summary	Opens the Pricing summary page from the Cost item pricing page.
8	Show Cost item pricing	Opens the Cost item pricing page from the Pricing summary page.

Pricing tab – tools

Title

Description

View project contract summary

Opens the Project contract summary slide-out panel that shows a view of the current project value, projected project value, milestones, and allowance category.

Jump to pricing section

Lets you jump to a section of the Pricing page without scrolling.

Add supporting document

Opens the Add supporting documents dialog box that lets you attach a document.

Row density

Lets you choose the density of the rows from relaxed for easy viewing, narrow, and tight to maximize the number of rows you can see at a time.

Export to Excel

Exports the pricing information, including cost item pricing, into a Microsoft Excel spreadsheet.

Add note

Lets you add a note about the pricing.

Show Pricing summary

Opens the Pricing summary page from the Cost item pricing page.

Show Cost item pricing

Opens the Cost item pricing page from the Pricing summary page.

The Pricing summaryregister records the total costs related to the issue that you potentially would propose to the client, should it become a change order. The Pricing summary is organized into Direct cost total, Vendor total (if you’ve added a vendor), and Indirect cost total.

The register is organized by five value types in order of precedence:

ROM (rough order of magnitude) –This is a quick rough estimate and is an estimation of a project’s level of effort and cost to complete

Estimate – Actual estimated price

Proposed – This is the price proposal given to a client. In most cases, the estimate can be the proposal (Proposed).

Agreed – Client agreed price

Contributed values – This is the value taken from the farthest to the right of all value types. For example, if there is a price in ROM and a price in Proposed, the Contributed value equals the Proposed price

If you have subtotals for each of these values, the Contributed value always takes the value furthest to the right. For example, if you have $12,000 in Estimate, and $9,000 in Agreed, the Contributed value is $9,000.

As another example of pricing, you have an issue for which you originally calculated a rough order of magnitude (ROM) of $1,000 for Labor. You then priced the issue in your estimating system and came up with an Estimate value of $800. Finally, you worked with the owner and came to an Agreed value of $500. You enter these values into the Labor fields.

You also have two lines of $100 each for Materials. One is a ROM, and one is an estimate. You do not have an Agreed price for Materials. Your subtotal value that is furthest to the right contributes to your Contributed values.

The values furthest to the right also contribute to the totals (such as the Direct Cost total) and the Current value.

Values shown in dimmed text are summary values from the cost item pricing page and are read-only. See Cost item pricing for more information about these items.