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Quick Bid - 11.04 Setting Selling Price for the Bid - QB

Views: 382 Last Updated: 10/15/2024 02:26 pm 0 Rating/ Voters
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We covered setting the Selling Price of a Section in the previous article. To change the Selling Price for the entire Bid, click on a Bid (or Alternate or Change Order) in the Bid/Section grid at the top of the Markups Tab.

Original Bid Selling

Markup Detail for entire bid showing selling price of 272812

Notice, our original Selling Price for the Base Bid ("Walls and Ceilings") is 272,812.

In case you are wondering - no, the selling price for the Base Bid is not the same as the selling price for this Project. That's because the Project includes the accepted Alternates and Change Orders.

Set a Specific Selling Price

We are going to set the Selling Price to 275,000

Markup Detail for entire bid showing selling price set to 275000

Quick Bid adjusts the Profit percentages to meet this selling price (Profit, for all Costs, all Sections, in this Base Bid, is set to the same percentage).

Calculating Lowest Possible Selling Price

Next, we want to see what the lowest possible Selling Price is, so we set the selling price to "0".

Markup Detail for entire bid showing selling price set to zero

Quick Bid sets the Profit to "0", for all Costs, all Sections, and then calculates the lowest possible Selling Price for the Base Bid, in this case 249,101.

Markup Detail for entire bid showing selling price calculated to 249101 by setting profit to zero

click here to view the previous article Setting the Selling Price for a Section Setting Selling Price When Bid Includes Alternates or Change Orders click here to view the next article



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