Table of Contents

Quick Bid - 08.02.03 Configuring/Applying Stocking and Cleaning Indirect Expenses - QB

Views: 619 Last Updated: 10/28/2024 01:12 pm	0 Rating/ Voters
Be sure to rate this article 5 Stars if you find it helpful!

To configure Bid related stocking or cleaning costs, click on the Markups Tab, then click on the Stock or Clean button on the left side of the dialog box. This is where bid-level Stocking and/or Cleaning costs are configured.

Note

The Stock and Clean Indirect Expense tabs are identical in layout, but because they can apply to different costs, need to be configured separately. "Clean" can be substituted for "Stock" for the remainder of this article.

Calculating Stock or Clean

Stock can be calculated by the quantity or cost of the Material or by Labor hours. The grid below explains what each of the fields on the Stock tab mean - depending on the Calculation Method and Results chosen, the fields change. Below the grid are detailed explanations of each of the Calculation/Result options.

Field	Description/What it does/How it is used...
Mat. (Material) Cost Code	Displays every Material Cost Code used in the selected Section.
Quantity	Quantity displays the Section quantity total for each Material Cost Code. The Quantity column is available only when Calculation Method is set to Material Quantity. Read Only.
Percent	Visible when Calculation Method is Material Cost or Labor Hours. When both the 'Calculation Method' and 'Show results as' are set to Material Cost, enter the percent of cost for stock or cleaning cost. The Cost is then multiplied by this percent to come up with a Total Cost (of the Indirect Expense). When the Calculation Method is set to Labor Hours, enter in the percent of Labor Hours that is the cost of Indirect Expense - Stock. The Hours are then multiplied by this percent to come up with a Total Hours.
Cost	Visible when Calculation Method is Material Quantity. Cost applies a fixed dollar value to the Quantity (for example, if Quantity is "1,000" and Cost is ".05", the Total Cost (of the IE) is "50.00".
Total Cost	Total Cost displays the Total Stock Cost for the Material Cost Code.
Cost Code	Enter the Cost Code to which Stock or Clean Indirect Expense is applied.
Installers	Visible when 'Results' is 'Labor Cost'. Click the Lookup tool to choose an Installer.
Wage Type	Visible when 'Results' is 'Labor Cost'. Click the drop down to select a Wage Type.

Calculate Indirect Expense by Material Quantity

The Material Quantity calculation method calculates how much it costs to stock or clean the job based on the Materials quantity in the job.

Indirect Expense dialog box - Configuring Stock or Clean based on Material Cost result as Material Cost
Results shown as Material Cost

Indirect Expense dialog box - Configuring Stock or Clean based on Material Qty result as Labor Cost
Results shown as Labor Cost

Note

It is not necessary to apply Indirect Expenses to every Material Cost Code - only those that require Stocking or Cleaning.

Calculate Indirect Expense by Material Cost

The Material Cost calculation method calculates the percentage of how much it costs to stock or clean the job based on the Materials costs in the job.

Indirect Expense dialog box - Configuring Stock or Clean based on Material Costs result as Material Cost
Results shown as Material Cost

Indirect Expense dialog box - Configuring Stock or Clean based on Material Cost result as Labor Cost
Results shown as Labor Cost

Calculate Indirect Expense by Labor Hours

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

Indirect Expense dialog box - Configuring Stock or Clean based on Labor Cost must result as additional Labor Cost
Results must be shown as Labor Cost.

The values in the Indirect Expenses dialog box default to those stored in Tools > Default Indirect Expenses (if configured) but can be changed after the project starts bidding.

Caution

When calculating Indirect Expenses with a Labor result, it is necessary to setup each Wage Type separately. Settings for one Wage Type (Union, for example) would not be applied to labor expenses calculated under a different Wage Type (Open, for example).

Adjusting Indirect Expenses at the Bid-Level (Overriding Section-Specific Indirect Expenses)

Configuring Supervision Indirect Expenses