8.04.00 Additional Markups

Additional Markups generally refer to fees and charges applied to Bid totals.  Additional Markups are sometimes referred to as Bid Markups, in Quick Bid, however, the term Additional Markups is used.  Many estimators enter special fees, site insurance, bond expenses, etc. as Additional Markups.

Creating and Adjusting Additional Markups

On the Markups Tab,

• Click Configure - the Configure Additional Markups dialog opens
• Click the Use Defaults button to load in the Additional Markups defaults from the database, or enter a Description for the Additional Markup (in the blank line)

• Select a Method from the drop down list

1. • Amount adds a specific amount to the Bid total
   • Cost Per Thousand adds an amount to every 1000 dollars of the "Apply To" field
   • Percent adds a percentage to the Bid total based on the "Apply To" field (either Gross or Straight markup calculations apply, see Bid Markups & Indirect Expenses for details)
   • Subtotal creates a subtotal entry at the Markups Tab that totals all costs listed before it

• Click the arrow to select an Apply To (result) from the list

• Enter a Value
• Click OK to return to the Markups Tab or click to add another additional markup - add as many Additional Markups as needed

• Once saved as a Default, Additional Markups are applied to all future Bids - they can, of course, be removed from a Bid once inserted.  You can also remove all but ONE Additional Markup (maybe a Subtotal...) and then Save as Default to override the existing defaults.

Click the "Save as Default" button to update your default Additional Markups for future bids.

If you are a self-performing contractor and you have entered Subcontractors to your Bid, your markup or profit on subcontractors must be added in the Configure Additional Markups grid.   Likewise, if you are a general contractor,  fees and/or profit are entered as Additional Markups and apply to all Bid costs.

Well, that is about it for configuring Quick Bid to properly calculate different costs associated with various projects.  Now, we will look at creating a new Bid and then creating Conditions.

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