In Job Properties Overview > Pricing, there are balanced price and markup options in the bid pricing area which lets you categorize costs, markup various costs in an estimate, and distribute that markup throughout the bid which establishes balanced bid prices.
This option determines if a pay item will use the cost or billing amount values of the assigned cost items as the basis for determining a balanced bid price. This also determines if the AutoPrice command will use the cost or billing amount values.
Any costs in the estimate not assigned to a pay item needs to be proportionally spread back to all pay items to determine a balanced bid price. This option lets the user choose the basis for calculating the weighted distribution of any unassigned costs plus markup.
Individual Categories - this option uses each individual cost categories as the basis for establishing the weighted distribution amounts.
Top Level Cost Categories - This option uses the ten top level cost categories (labor, owned equipment, rented equipment, supplies, materials, etc.) as the basis for establishing the weighted distribution amounts.
Total Cost[/Billing Amount] - This option uses Total Cost as the basis for establishing the weighted distribution amounts.
This option determines how markup is applied to pay items when establishing a balanced bid price.
Using Weighted Distribution. Marking up Pay Items using weighted distribution takes the total markup and proportionally spreads the amount using the chosen weighted distribution method.
Keeping Markup rates to Assigned Costs. This option uses the cost category amounts of all assigned cost items and calculates the markup by applying markup percentages as defined in the direct and indirect cost markup records. Excluding cost items from the dependency tab of the markup record precludes the application of that markup percentage to the assigned costs on that pay item.
This option controls where cost Items with a cost segment of business overhead appear in the PBS.
Indirect Cost - Business Overhead is included as a subcategory of indirect costs in the PBS.
Markup - Business Overhead is included as a subcategory of Markup in the PBS.
This option determines how the Markup is determined in the Forecast column of the Proposal Recap data block on the Pay Item & Proposal form.
Unit Markup (current) × Forecast (T/O) Quantity - The Forecast Markup amount is determined as the sum of each Pay Items Unit Markup (current) multiplied by the Pay Items Forecast (T/O) Quantity.
Forecast Price Total Price - Total Cost/Billing. The markup amount is determined by subtracting the sum of the total jobs cost based on forecast (T/O) quantities from the forecast bid price, which is the sum of all pay item current unit prices multiplied by the pay items forecast (T/O quantity).
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