Cost Markup Library and Details

The Cost Markup Library enables administrators to establish lists of Cost Markup Details that contain additional costs that users can apply to Work Order Resources. Cost Markups can be used for overhead costs such as insurance or fees for using specific Resources. These lists of additional costs can then be applied to Work Order Resources, such as Employees, which can provide more accurate cost analysis for Work Order Tasks.

After creating a Cost Markup Library to designate a group or type of cost markup, you can add one or more Cost Markup Detail records to specify the terms of the cost markup.

Additionally, users can identify a Not To Exceed value to set a limit on a Cost Markup applied to a Work Order Resource.

An employee makes $10 an hour; however, the agency has to pay taxes and insurance on top of his hourly rate. To track these costs, an administrator creates two Cost Markup records:

The employee is on-call and the agency must pay a $10 charge to the employee to use the employee outside of regular hours. So, a third Cost Markup is applied to his Employee Resource record on the Work Order.

So, while the employee is paid $60 for his work, the total cost to the agency is $76.

However, the Cost Markup's Not To Exceed value was set at $70, so the Cost Markup applied to this Employee Resource on the Work Order will be $70.

To open the Cost Markup Library module, select Work > Administration > Cost Markup Library.

Create a Cost Markup Library

In the Work > Administration > Cost Markup Library module, click Add . The Cost Markup Library form opens.
Enter a Cost Markup Name to identify this group of cost markup records (required).
Click Save .

Add Cost Markup Options to the Library

Click the to expand the new Cost Markup Library record.
In the Cost Markup Details grid, click Add . A new Cost Markup Details record opens.
Enter either a Percentage or a Flat Rate amount for the markup.
1. Enter a Percentage as whole number (e.g., 2 or 5). This markup is calculated as Percentage/100.
2. Enter a Flat Rate as a whole number.
If you entered a Flat Rate value above, use the Calculate On Text picklist to indicate how the rate should be calculated.
- 1 - Units: The markup is calculated as Flat Rate x Resource record's Units field + Resource record's Total Cost field.
- 2 - SubTotal: The markup is calculated as Flat Rate + Resource record's Total Cost field.
Enter a Not To Exceed value, if desired. If Total Cost Markup > Not To Exceed, the Not To Exceed value will replace the Total Cost Markup.
Click Save . The Cost Markup Detail is now added to the Cost Markup Library.

In the Work > Administration > Cost Market Library module, click to expand the Cost Markup Library to which you want to add Cost Markup Details.
Click the Toolkit button in the Cost Markup Details grid and select Load Cost Markup List. A pop-up similar to the following appears containing a list of available Cost Markups:
Select a Cost Markup Library record from the list.
Click Select. The system copies the Cost Markup Detail records from the selected Cost Markup Library into the original Library's Cost Markup Details grid.