Exercise 1 — Manually Price Pay Items

To finalize your bid proposal, you will apply final pricing (costs and profit) to your pay items either manually or using the AutoPrice tool. In this exercise, you will practice entering prices manually for your pay items. Complete the following steps, using your job.

1. Continue manually pricing items in the Pay Item & Proposal Register.

2. Type 2.75 in the Unit Price (current) column for pay item Excavation.

3. Type 2 in the % Margin field for pay item 4000 – 10” PVC Pipe.

4. Check your variance to see if you need to add or cut your current pricing to hit your Target Price.

You should end up with similar results

Congratulations, you have completed this exercise!