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. Select Potential Change Orders.
  3. On the settings menu, select 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. Select Add.

    2. —Or—

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

  2. Enter the description and percentage.
  3. (Project settings only) In the Budget Code cell, select 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. Select the Description or Percentage cell, and then edit the information.
  2. (Project settings only) In the Budget Code cell, select Search button, and then select the budget code.
  • Select a row, and then select 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 select delete (Remove).