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Quick Bid - 11.05 Setting Selling Price When Your Bid Includes Alternates or Change Orders - QB

Views: 415 Last Updated: 10/15/2024 02:35 pm 0 Rating/ Voters
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When you set the Selling Price of an entire Bid, you may not get the results you are expecting if your Bid includes Changes Orders.

  • Change Orders always have a separate "Selling Price" and are never adjusted when you set the Selling Price for the Base Bid.
  • When your Bid includes Accepted Alternates, you can choose to include them with the Base Bid Selling Price. The Base Bid and the Accepted Alternates are adjusted to the same Profit percent when you change the Selling Price.

The Bid shown below includes an Accepted Alternate and an Accepted Change Order - the Change Order is always priced separately, so we will concentrate on that Accepted Alternate only.

Quick Bid Markups Tab showing a Bid with child bids and a Selling Price of 223075
Markups Tab for a Bid with Accepted Alternate

Notice, our Selling Price for the Base Bid (just the Base Bid - "Include accepted alternates..." is not checked) is 223.075.

Now, click the "Include accepted alternate sections" option

Markup Tab showing a Bid's selling price including an Accepted Alternate and Selling Price of 299592
Selling price including Accepted Alternate(s)

Our Selling price changes to account for the Accepted Alternate(s) in our Bid: 299,592.

Now, for an example, we want to set the Selling Price (including Accepted Alternates) to 350,000.

Now the Base Bid (including Accepted Alternates) shows...

Markups Tab showing a Selling Price for Bid and accepted alternate set to 350000

Note
Notice, only the Base Bid and the Accepted Alternate were affected by this change in Selling Price - the Change Order remains 8,616.

Now let's look at how you can generate different Reports in Quick Bid.

click here to view the previous article Setting Selling Price for the Bid Reports - Overview click here to view the next article



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