Supplemental Markups are additional costs or charges added into the estimate of your project, specifically charges that are calculated via a percentage of either direct or indirect costs (or a combination of the two). Supplemental markups can be added to any estimate much like adding a cost code, and like cost codes, must be set up in the Configuration Menu before they can be selected for use in a project estimate.
Example Use Cases:
Bond
Insurance
Technology Fee
Note: For contingency, it is strongly recommended that these be added as line items within the estimate so that you can transfer funds to or from these lines in the budget later on in the project.
See the steps below to create and utilize Supplemental Markups.
1. Configure Supplemental Markups
RedTeam Flex has a feature to apply Supplemental Markup Percentages to Proposals for optional services or cost contingencies as part of total proposed prices.
Supplemental Markup rates may be applied as negotiated as Unit Prices, or they may simply represent budgets for allowance items or some other contingent expenditures. Examples might include Payment and Performance Bond Premiums, Insurance, or Permit Allowances.
Before you can use a Markup rate on your Estimate, you need to set it up under the Configuration menu. If you do not have permission to access this menu, please contact your system administrator.
Steps:
From the Configuration menu, click on "Supplemental Markups" (under the heading: Services)
Click the New (+) icon
In the form, fill out the required fields designated by an asterisk at the end of the field (see descriptions below for more information)
Division: the Cost Code Division you want the Markup associated with (you can create a new Division specifically for Markups, under Menu Services)
Category: the cost category for which a line item will be created for the Markup in your Budget
Unit Of Measure: the Markup % can be set to apply to various combinations of direct and indirect costs
Item Description: the number and name you want the Markup to display on your Estimate
Supplemental Markup Items by Company Division: your cost for the Markup and your price for the markup, by percentage
Company Division: These are the divisions that can use this markup. If no divisions are selected, it will not be available on any projects.
Options: indicate if the Markup will be allowed to be associated with Quotes and if it will allowed to display in Customer Proposal
Click "Save"
2. Edit Supplemental Markup Configurations
Supplemental Markup Percentages for optional services or cost contingencies can have their descriptions or percentages changed within the Configuration menu.
Steps:
Click on Supplemental Markups within the Configuration Menu
Click on the Toolbox icon for the supplemental markup you wish to edit, then click Edit
Make any changes that are needed, then click the Save icon in the top right
3. Delete or Deactivate a Supplemental Markup
Supplemental Markups can be deleted or deactivated within the Configuration menu. Be aware that deletion is only an option for markups that have not been used in a project. If the markup has already been used, it would need to be deactivated instead. Deactivated entries will remain in older projects that made use of them, but will not be available for any projects going forward.
Steps:
From the Configuration menu, click on "Supplemental Markups" (under the heading: Services)
To delete an unused Supplemental Markup, click the Tools Icon and then click the Delete button.
To deactivate a Supplemental Markup, click the Toolbox icon and click Edit. Then uncheck the Active box and Save it.
