Creating a New OCO

To create an OCO:

1. Navigate to: Cost ManagementOCOs.
2. Select the appropriate project at the top of the screen.
3. Click New on the toolbar.
4. Fill in the necessary information. See OCOs Fields for more information.
5. Click New at the top of the page on the Items tab.
   • You can create up to ten new items, or you select other existing Cost Items.
6. Select the Cost Items you want to add to the OCO by selecting the underlined number of each item.
7. Click Close when finished.
8. Fill in the necessary pricing information (cost only, You enter Markups on the Markups tab).
   • The submitted price is the price that the prime contractor submitted to the owner.
   • The approved price is the price the owner agrees to pay.
9. Choose an existing Markup formula to calculate on the Markups tab, or enter markup line items manually by clicking the New button.
10. Click Close on the toolbar.