Step 10:
Apply Margins

Margins include Overhead, Escalation, Markup (Profit), Bonding, Insurance and Value Added Tax. Overhead, Escalation & Profit is applied as a % of cost and Bonding & Insurance is applied as rates per thousand of contract price (cost + overhead + escalation + profit).

View Pick Lists:
A standard set of factors can be setup for each margin type.

Overheads:
Include such things as head office overhead, small tool allowances, material sales taxes, contingencies etc. Overheads can be applied as a % of total cost, direct cost or indirect costs. Overheads can also be applied separately to cost types such as labor, equipment, material & subcontracts.

Escalation:
To utilize the escalation feature you must enter a schedule first, then apply a % to labor, equipment, material or subcontracts. To apply escalation, select the schedule, enter a start date and end date, the escalation rate, a description of what is to be escalated, direct or indirect cost and select the cost type from labor, equipment, material and subcontracts.

Markup:
This is the profit and is applied as a % of total cost, direct cost or indirect costs. Markup can also be applied as a percentage of cost types such as labor, equipment, material & subcontracts.

Bonding:
Applied as a rate per thousand of total contract value.

Insurance:
Applied as a rate per thousand of total contract value.

Value Added Tax:
Applied as a percentage of the total price.

Step 11:
Prepare a Schedule

The system will allow the user to setup simple or extended schedules. Extended schedules can be exported and imported to Microsoft Project and from Microsoft Project to Primavera. Click on “New Schedule”, select Simple or Extended, then give the schedule a name, and select the project “Start Date” from the drill down calendar. In a simple schedule, click on “Add Items” to select the items to add to the schedule. In an extended schedule click on Export, to export the estimate WBS to an excel file that can be imported into Microsoft Project. To view or print the schedule data click on “Print”. To view or print the schedule chart click on “View Graph”. To customize the bar chart, click on the chart toolbar and select the “Chart Wizard”.