Contract Change Order - Financial Markups
Updated
Suggested Prior Reading
Contract Change Orders - Overview
Contract Change Order - Schedule of Values
Contract Change Orders - Financial Markups Overview
A Schedule of Values is setup for a Contract Change Order to outline the details of the change with the Owners/Architects. See Contract Change Order - Schedule of Values for more information.
Financial Markups can be created that then automatically apply to the Contract Change Order - Schedule of Values to do things like:
- Apply Profit Markup
- Apply Overhead Markup (such as administrative, project management or other overhead)
- Calculate Taxes
Financial Markups automatically calculate and impact the display of the Schedule of Values once they are entered.
Financial Markups can display on each individual line item or as a total overall on the Contract Change Order. One or multiple Financial Markups can be setup as required. See Financial Markup - Overview for more information on how Financial Markups are used.
The Contract Change Order- Financial Markups can be entered/maintained:
- During the Add of a new Contract Change Order (see Contract - New Change Order).
OR
- During the edit of an existing Contract Change Order (see Contract Change Order - View/Edit), if the Contract Change Order is in a status that enables editing (see Contract Change Orders – Status for more information).
Financial Markup Component
The Financial Markups is a component that displays on the Contract Change Order form during the add of a New Contract (see Contract Change Order – Add - Form Layout and Navigation) or edit of an existing Contract (see Contract Change Order – View/Edit - Form Layout and Navigation).
For details on the Financial Markup component specific layout and Navigation, see Financial Markup - Navigation and Layout.
Changes Only
The Financial Markups created for a Contract Change Order can be copied from the Contract.
If a Contract has Financial Markups and they have not yet been copied to the Change Order, a message appears on the Financial Markup Component indicating there are Financial Markups on the Contract, the number and there is a button to click to copy them to this Change Order.
If they are copied, all the Financial Markups on the Contract are copied. They can then be edited and removed on the Change Order if required.
Next Steps
Review overall how Financial Markups work, see Financial Markup - Overview.
Access and maintain the Contract Change Order Financial Markups, see Contract Change Order - Financial Markups - Accessing.
