|Allow Iterative (Circular) Markups||Determines whether you can to create markups that are circular in nature. A markup is circular when it is based on an amount that includes itself (for example, the total change order).|
Determines the Cost Item Budget Status of the markup created. If left blank, Markups default to the primary Cost Item Budget Status related to the Budget Status on the Markup's Parent document.
Select if you want to calculate this markup on self-performed work only, subcontracted work only, or both self-performed and subcontracted work.
Calc on Budget Codes containing
The Calc on Budget Codes Containing field refers to the Codes you want to use as inputs for the Markup. To specify a code, identify the Cost Code Segment(s) between brackets () and the values between single quotes ('').
You can use "and" and "or", and you can use parentheses to specify an order of operations. The formula causes the markup to use Cost Items coded to all budget codes identified as its basis.
For example, depending on the naming of your Cost Code Segments in Cost Code Templates, if you wanted your markup calculated on codes with a "Div" of "05" or "06" and a "Cost Type" of "LAB", you would enter the formula as:
([Div]='05' or [Div]='06') and [Cost Type]='LAB'
|Calc on Cost Item Categories||Allows the selection of Cost Item Categories to which the markup will be limited when Rules are enabled.|
Calc on values greater than
Enter in a greater than dollar amount that you want this formula to calculate on (for example, calculate 5% fees on all change orders greater than $25,000).
Calc on values less than
Enter in a less than dollar amount that you want this formula to calculate on (for example, calculate 3% fees on all change orders less than $24,999).
Determines the Cost Item cost Status of the markup created. If left blank, Markups default to the primary Cost Item Cost Status related to the Cost Status on the Markup's Parent document. If no Cost Status is available on the Parent document, defaults to the module customization default.
Create Markup Item
If unchecked, no Markup will be created but can be used for intermediate calculation.
A description of the markup formula.
Exclude Negative Results
Mark this checkbox if you want to exclude results that are negative numbers (for example, you might not want to calculate fees on a $1,000 credit change order).
Exclude Results of Zero
Mark this checkbox if you want to exclude results that are zero.
|Iterative?||Indicates whether a particular markup will be calculated using iterations (it is circular).|
|Max Iterations||The maximum number of times the system will recalculate iterative markups before it stops. A typical selection would be 50.|
|Min Change||The change in the total after which the system will stop recalculating iterative markups. A typical selection would be 0.001.|
The name of the markup formula.
Any additional notes regarding the markup.
For % types, the rate specifies the markup percentage (for example, 5%).
For fixed cost types, the rate specifies the dollar amount of the markup (for example, $100 permit change fee).
Select whether to round to the nearest $.01, $.10 or $1.00. Note that rounding does not apply to Fixed Costs.
Whether the markup is active or void.
Appears on documents when presenting the markup.
Target Budget Code contains
Contains is a method for coding the markup cost to a particular budget code on a project.
Select whether the markup is percentage based (most typical) or a fixed cost.
Mark this checkbox if you want to use rules.