Recap and Alternates

The recap turns the cost of an estimate into its selling price. It starts from the material, the labor, the equipment, the direct job expenses, the allowances, the quotes and the subcontracts. Then it adds the material sales tax, the overhead, the profit, the contingency and the bond, and rounds the price.

Menu	Open the workspace of an estimate, then click Recap, or click the Selling price at the top
Permission	View all projects and bids to see the recap. Manage own projects and bids, or Manage all projects and bids, to change it
Feature	Estimator Estimates

Can't find it?

What you see depends on your role. If the menu, a button or a setting on this page is missing, ask your administrator to give you the permission listed above or to turn on the feature. Only administrators can turn features on and change site settings.

The selling price shows at the top of the workspace, on the list of estimates and on the project page. It follows every change of the lines, the quotes and the recap.

The base bid

The Base bid card lists each row of the recap with its amount and its share of the selling price:

Row	Amount
Material	The material of the lines
Material sales tax	The material times the tax rate
Labor	The labor of the lines
Equipment, Direct job expenses, Allowances	Manual lines of these cost types
Quotes, Subcontracts	What the quote packages carry
Prime cost	All of the above
Overhead	A share of the prime cost, plus an amount per labor hour
Profit	A markup on the cost with overhead, or a margin of the price
Contingency	A share of the cost with profit
Bond	From the bond rate schedule, on the contract amount with the bond
Rounding	What rounding up adds
Selling price	The price of the bid

To make a manual line equipment, a direct job expense or an allowance, set its Cost type cell in the workspace.

Change the recap

On the right of the page, fill in the cards and click Save and calculate.

Card	What to enter
Tax and overhead	The Material sales tax (%). The Overhead as a share of the prime cost, and the Overhead per labor hour, such as for field supervision; both add up.
Profit	The Method: Markup on cost (price = cost × (1 + markup)) or Margin of the price (price = cost ÷ (1 − margin)), and the Profit (%). Select Mark each cost type up at its own rate to give material, labor, equipment, quotes, subcontracts, direct job expenses and allowances each their own markup; the profit percent then applies to the overhead. This works with the markup method only.
Contingency, bond and rounding	The Contingency (%). The Bond rate schedule: click Add tier for each tier, such as 2.5% up to 100,000, then 1.5% for the rest (leave Up to empty on the last tier). Round the price up to, such as 100.

The page refuses settings it cannot use, such as a margin of 100% or more, or bond tiers out of order.

Alternates

An alternate is a price for a change the owner may make, such as LED fixtures in the parking garage.

1. In the Alternates card, enter the Code, such as Alternate 1, pick the Kind and enter a Description. Click Add.
2. In the workspace, set the Alternate cell of the lines that belong to it, or select the lines and pick the alternate in the Alternate list above the grid.

Kind	Its lines	Its price
Add	Work the owner may add. They are not in the base bid.	What it adds to the selling price
Deduct	Work of the base bid the owner may take out. They are in the base bid.	What it takes off the selling price

The price of an alternate is the change it makes to the selling price before rounding, so its overhead, profit, contingency and bond are in it. To remove an alternate, click the cross on its row: its lines go to the base bid.

Price to target

When you know the price you want to bid, enter it in Target selling price in the Price to target card and click Find the profit. The page shows the profit percent that gives that price, bond included. It does not change the estimate.

Click Use this profit to take it. The estimate then has one profit percent on the whole cost and no rounding, so its selling price is the target.