Estimate 4: Mark-up and sell price
A line's cost comes from its quantity, waste and rate. Contingency is part of that cost, mark-up is applied on top, and the totals show base cost, gross profit, margin and selling price.
How to
- 1
Keep labour and material separate
Splitting labour and material on each line feeds the cost split in your tender.
- 2
Add contingency
Set a contingency percent on risky lines. It is included in the line's cost.
- 3
Set the mark-up
Set the mark-up percent on lines or categories to reach the sell price.
- 4
Price preliminaries
Set up preliminaries as their own category, with a line for each item such as site establishment and supervision.
- 5
Set the tax rate
Each sheet has its own tax rate.
- 6
Read the totals
Check Base Cost, Gross Profit, Average Gross Margin and Selling Price in the totals bar and totals block.
- 7
Move the total line
Click the handle on the totals block, then the category it should sit above. Categories below it are left out of the total, and the Summary and Tender follow.