Set up markup settings

A markup setting (called a markup template when you use it) turns a project's cost into a quoted price. It is a list of pipeline steps applied one after another, for example add 15% overhead, add 10% profit, add cost of funds. When you generate a project quotation, you pick a markup template and its steps are applied. Only active markup settings can be picked.

Steps

1. Open Settings › Markup Settings

   In the menu on the left, select Settings, then Markup Settings. The list shows each setting's Name and Status, with an actions menu to edit, duplicate, activate or deactivate, and delete it.

2. Add a markup setting

   Select Add Markup Setting. Enter a Name (required, up to 200 characters, for example Standard Markup). Leave the switch on to enable the setting straight away, and select Save. You'll see Markup setting created successfully.

3. Open it and add pipeline steps

   Select the setting's name to open it. Under Pipeline Steps (the markup calculation steps, applied in sequence), select Add Pipeline Step and fill in:

   Field	What to enter
   Name	Required, for example Engineering Markup.
   Description	Optional.
   Markup Operation	Addition or Deduction. Required.
   Apply Item To	What the step is calculated on, for example the total price or the cost of funds. Required. The list comes from your project set-up.
   Number of Days	Only for a cost-of-funds step: overrides the quote's number of days for this step.
   Rate Type	Percentage or Flat Rate. Required.
   Rate Value	0 or more, for example 10. Required.
   Inclusive / gross-up	The rate applies to the tax-inclusive grand total (for example withholding tax). Only for a percentage Addition applied to the total price.
   Enabled	Leave it on to use the step straight away.

   Select Save. You'll see Pipeline step created successfully. Add the other steps in the order they should apply.

4. Use it on a quotation

   When you generate a project quotation, choose this markup template. If you don't, you'll see Please select a markup template.

If something goes wrong

Message	What to do
Name is required / Name must not exceed 200 characters	Fill in a shorter Name.
Rate value is required / Rate value must be 0 or greater	Enter a Rate Value of 0 or more.
Inclusive steps must use a percentage rate.	Set Rate Type to Percentage, or switch off Inclusive / gross-up.
Inclusive steps must apply to the Total Price step.	Choose the total price in Apply Item To.
Inclusive steps must use the Addition operation. Use an exclusive step to deduct.	Set Markup Operation to Addition.

Next

• Set up project settings: resource roles can also carry a billing markup for time-and-materials invoices.