Estimate Adjustments (Cuts and Adds)

Estimate Adjustments are lump sum amounts that can be added to or subtracted from the estimate and are usually applied at the very end of the estimating process. They act similar to "Distributed" or "Hidden" Global Markups where they are spread proportionally across the Cost Code Sections and are not shown separately on the estimate proposal. The lump sum amount will affect the proposal/sell price and not cost.

Steps to Add Estimate Adjustments

Within the Estimate, click the 'Global Markups' tab at the top.
Scroll down to the 'Adjustments (Adds and Cuts)' section.
Click the 'Add' button shown on the far right.
Enter the Adjustment Comment or Reason.
Enter the adjustment amount (positive or negative).
Click the blue 'Save' button in the footer.

Steps to Add Global Markups

Within the Estimate, click the 'Global Markups' tab at the top.
Scroll down to the Markups section.
Click the 'Add / Import' drop-down shown to the far right.
Click the 'Add Manually' option.
Enter the Item # (for sorting).
Enter the Markup Description.
Select the Markup Type. See options listed at top.
Enter the Percentage (5% = 5) or Amount/Percentage for Step Bond Calculations.
Include In Cost: Check this field if the markup amount should be included in the cost budget as well as on the proposal/sell side. Bonding or material sales tax would be example markups where this field would be checked.
Distribute or Hide Markup: If this field is checked the calculated global markup amount will be distributed proportionally across the Estimate Cost Codes and Line Items. Otherwise, the markup will be shown as a separate line item at the bottom of the proposal.
Resources To Markup: Corecon has five built-in resources: material, labor, equipment, sub and other. For example, estimate line items can have separate cost and proposal rates for each resource. When calculating the global markup, resources that are selected or checked will be included. In addition, previous markups (determined by the item number) can be included in the amount that the markup is being calculated on.
Click the blue 'Save' button in the footer.

Important: Adjustments will not be distributed across Cost Codes and Line Items until the Estimate has been calculated which occurs when clicking the 'Cost Code Summary/Export' or 'Estimate Summary / Reports' tabs.