Stock Tab

When accessing the Stock tab from the Indirect Expenses dialog, you are accessing bid related stocking costs.  Here you can directly enter stocking costs on all materials or payroll classes used in the current bid.

Calculating Stock

Stock can be calculated by the quantity or cost of the material or by labor.  The following is a list of areas that can be found in the Stock tab depending on the type of Calculation Method and Review Results as options you have selected.

• Mat. (Material) Cost Code is taken from the base bid.  

• Quantity displays the Material Cost Code quantity total taken from the base.  The Quantity column is available only when Calculation Method is set to Material Quantity.

• Percent is available when the Calculation Method is set to Material Cost or Labor Hours.

• When both the Calculation Method and Show results as is set to Material Cost, the percent of cost for stocking cost is displayed.  In Section Mode, the value displayed is the percent of cost stored in that specific section.  In Bid Mode, the value is calculated by dividing the Total Cost for all sections by the Cost for all sections and multiplying by 100 (Total Cost for all sections ÷ Cost for all sections) x 100).

• When the Calculation Method is set to Labor Hours, the percent of hours the stocking cost to be used to calculate the stocking cost is displayed.  If you update Percent in Bid Mode, it will be calculated by dividing the Totals Hours for all sections by the Hours for all sections and multiplying by 100 (Total Hours for all sections ÷ Hours for all sections) x 100).

• Cost applies charges for stocking the Material Cost Code.  

• Total Cost displays the Total Stock Cost for the Material Cost Code.  

• If the Calculation Method is set for Material Quantity, it will be the Total Stock Cost for the Material Code Cost.

• If the Calculation Method is set to Material Cost or Labor Hours, the Total Cost will equal the Cost plus the Cost multiplied by the Percent (Total Cost = Cost + (Cost x Percent)).

• Cost Code displays the Cost Code used for stocking the Material Cost Code. Click the Lookup tool for a list of Cost Codes.  
  
  NOTE:  This column will be listed last in the Indirect Expense dialog if Show results as is set to Labor Cost.   

• Installers are chosen from the Payroll Class dialog.  The Installer column is available when a value is placed in the Cost column.  Click the Lookup tool to choose an Installer.  The Installer column is available only when Show results as is set to Labor Cost.

• Wage Type is available when a value is placed in the Cost column.  The Wage Type column is available only when Show results as is set to Labor Cost.

Calculate Stock Indirect Expense by Material Quantity

The Material Quantity calculation method calculates how much it costs to stock the job based on the quantity of materials in the job:

Results shown as Material Cost

Results shown as Labor Cost

Calculate Stock Indirect Expense by Material Cost

The Material Cost calculation method calculates the percentage of how much it costs to stock the job based on the materials costs in the job:

Results shown as Material Cost

Results shown as Labor Cost

Calculate Stock Indirect Expense by Labor Hours

The Labor Hours calculation method calculates the percentage of how much it costs to stock the job based on the amount of labor hours required to complete the activity:

Results shown as Labor Hours

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