Estimate Global Markups

Global Markups can either be a fixed amount, percentage markup or step-bond calculation on all estimate items. Examples of Global Markups are Material Sales Tax, Overhead, and Profit. Global Markups can either be distributed (eg. hidden) over the Estimate's Cost Code Sections and Line Items or shown separately at the bottom of an Estimate Proposal.

Global Markup Types

% of Cost Totals
% of Sell Totals
% Margin on Sell Totals
Step Bond % on Cost Totals
Step Bond % on Sell Totals
Lump Sum Markup

Difference between '% of Sell Totals' and '% Margin on Sell Totals'

% of Sell Totals = Item Sell Total * (Percent Markup)

% Margin on Sell Totals = Item Sell Total * (1 / (1 - Percent Markup))

Examples (10% on $100,000 Sell Total):

% of Sell Totals = $100,000 * 0.10 = $10,000

% Margin on Sell Totals = $100,000 * (1 / (1 - 0.10)) = $11,111

Special Instructions for Step Bond Markups

The step amounts would be cumulative and the last step would be higher than the estimate proposal to ensure the bond is calculated for the entire amount.

Include in Cost Option

Certain Global Markups such as Material Sales Tax should be shown on both cost and sell sides. For these types of markups, 'Include in Cost' option should be checked. However, markups such as Fee or Profit would have this option unchecked so it appears only on the sell side.

Resource and Global Markup Filter Options

Resource Rates: Materials, Labor, Equipment, Sub, Other
Include Previous Global Markups which is based on the Markup Item #.

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: Markup values will not be set until the estimate has been calculated which occurs when clicking the 'Cost Code Summary/Export' or 'Estimate Summary / Reports' tabs.