Default markups

Default markups are percentages that you can apply to potential change order (PCO) items to cover costs such as overhead or to calculate your profit for a PCO.

In the record settings, the default markups are listed in this order:

  1. Overhead: 10%
  2. Profit: 5%
  3. Insurance: 1%
  4. Bond: 1%

In the PCO, the total applied cost is 10,000, so the markups are:

  1. Overhead: 0.10 x 10,000 = 1000
  2. Profit: 0.05 x (10,000 + 1000) = 550
  3. Insurance: 0.01 x (10,000 + 1000 + 550) = 115.50
  4. Bond: 0.01 x (10,000 + 1000 + 550 + 115.50) = 116.66
  1. Open the record settings.
  2. Click Potential Change Orders.
  3. On the settings menu, click Default Markups.

In the project settings, you can set the default budget code for each markup. You can also select the budget code for the markup in a PCO.

  1. Click Add.

    2. —Or—

    To insert a row above the current one, click Insert.

  2. Enter the description and percentage.
  3. (Project settings only) In the Budget Code cell, click Search button, and then select the budget code for tracking the markup.

Changes to the markups are applied in a PCO when the markups are recalculated.

  1. Click the Description or Percentage cell, and then edit the information.
  2. (Project settings only) In the Budget Code cell, click Search button, and then select the budget code.
  • Select a row, and then click Up or Down.

You can delete markups that are in use. When the markups are recalculated in a PCO, the rows for deleted markups are empty except for the description.

  • Select the checkbox for the markup, and then click delete (Remove).