Markup
This option allows you to enter mark-up percentages for each of the eight cost types. Depending on the option you selected when you initially set up the estimate, you can enter percentages for Overhead, Profit, and Other Mark-Up. When calculating the mark-up, the system uses the following formula: For example, if the cost is $100, Overhead is 5%, Profit is 10% and the Other Mark-Up is 0%, the bid price is calculated as follows: $100.00 x 1.05 x 1.10 x 1.00 = $115.50 * HELPFUL HINT *
If you use the “Entered Mark-Up” option, entering the mark-up for each pay item will typically be one of the last things you will do before completing the bid. We recommend you enter percentages and use “Calculated Mark-Up” option until you are ready to close out your bid, then you can switch to the “Entered Mark-Up” option. This way you can get a pretty good idea of what the total project estimate will be as you work on the bid. See Advanced Features (Mark-up Options) for more information on using these mark-up options.
Overview: ProEstimate allows the estimator great flexibility in entering and calculating mark-ups for an estimate. There are three general methods to mark up an estimate:
CALCULATED MARK-UP
Cost x Overhead x Profit x Other Mark-Up = Bid
ENTERED MARK-UP
This option allows you to directly enter an amount for each pay item in the estimate. The Profit Detail Screen is explained below.
CALCULATED OVERHEAD/
ENTERED PROFIT
This option combines the previous two options; you can enter a percentage for each cost type for Overhead and Other Mark-Up and then directly enter a Profit amount for each pay item.
See also