Change Request - Financial Markups - Overview
Updated
Suggested Prior Reading
Change Request - Schedule of Values - Overview
Change Request - Financial Markups - Overview
A Schedule of Values is setup for a Change Request to outline the details of the change and to get prior approval from the Owners/Architects before proceeding with Subcontracts or Purchase Orders and the formal Contract Change Order. See Change Request - Schedule of Values - Overview for more information.
When creating Change Requests, the Contract that the Change Request applies to must be selected.
If that Contract has Financial Markups, the Change Request automatically inherits the Contract Financial Markups. These Financial Markups can't be changed or deleted nor can new ones can't be added to the Change Request. A message appears in the blue message bar indicating this (and also stating that if Line Items are created on a Contract Change Order, further markups can be applied there, see Line Items created on New Contract Change Orders below for more information).
In addition, the Contract Financial Markups can no longer be changed once a Change Request has been created for that Contract (as the Change Request will have inherited those). (See Contract - Financial Markups - Accessing during Edit)
Line Items created on New Contract Change Orders
If the Change Request Line Items are created on a new Contract Change Order, there will be an option to copy the Financial Markups from the Contract (if they exist on the Contract). See Change Request - Schedule of Values - Bulk Actions - Contracts - New Change Order. Note* These are copied from the Contract, not the Change Request however, they would be the same on the Change Request as they can't be edited on the Change Request nor can the Contract Financial Markups be changed once they are associated with a Change Request).
If they are copied to the Contract Change Order:
- All the Financial Markups on the Contract are copied.
- The copied Financial Markups can be edited, deleted and new ones added (see Contract Change Order - Financial Markups).
Therefore, if the Financial Markups for a Contract Change Order, needed to be different than the original Change Order Financial Markups or the Change Request Financial Markups, they can be changed on the Contract Change Order itself.
Line Items created on existing Contract Change Orders
If the Change Request Line Items are created on a new Contract Change Order, the Financial Markups from the Change Request are not applied to that existing Contract Change Order (whatever Financial Markups already exist on the Contract Change Order are used or they can also be created on the Contract Change Order manually).
Financial Markup Component
Financial Markups are a component that displays on the Change Request form during the add of a New Change Request (see Change Request – Add - Form Layout and Navigation) or edit of an existing Change Request (see Change Request – View/Edit - Form Layout and Navigation).
For details on the Financial Markup component generic layout and Navigation, see Financial Markup - Navigation and Layout.
Next Steps
Review overall how Financial Markups work, see Financial Markup - Overview.
Access and view the Change Request Financial Markups, see Contract Change Order - Financial Markups - Accessing and Viewing.
