Adding a Bottom Line markup with steps, ie; Bond Markup

BidMatrix allows you to include Bottom Line markups with stepped percentages. This is often required when you need to create a bond markup for the project. Bottom Line markups with step percentages will calculate amounts based on the different percentages you set up at each step, and because it is a "bottom line" markup, it will include the markup amount when calculating the project gross total.

 

To add a Bottom Line markup with percentage steps, click on the Totals / Markups option on the Summary Sheet toolbar. Next, right mouse click on any row in the Totals / Markups panel and select Insert New Below or Insert New Above. This will bring up the Add Markup window. In the Add Markup Window, type in a description for the new markup and then choose Bottom Line for the markup Type. After choosing Bottom Line for the type, check the box labeled Use Stepped Percentages. Next, enter the amount and the percentage for each step.

 

This is an example of a Bottom Line markup which includes three steps. The first step will calculate at 1.25% of the first $300,000, the second step will calculate at 1.0% of the first $1,00,000 less the previous step amount, which would be 1.0% of the next $700,000. The third step is .75% of $10,000,000 less the previous step amount, which would be .75% of $9,000,000.

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