Materials List Total Cost

[Joe Carrick]

In checking the "Total Cost" calculated I find that the formula being used is:

((Count+Extra) x Price x (1+(Markup/100))) + ((Count+Extra) x (Labor + Equipment)) = Total Cost

This seems a bit strange to me because I think that a contractor is generally going to add a markup to both Labor and Equipment.

Consequently, I would think the formula should be:

((COUNT+EXTRA)*(PRICE+EQUIPMENT+LABOR))*(1+(MARKUP/100)) = Total Cost

IOW:

Quantity x (Sum of unit Costs) x 1.Markup% = Total Cost


Does anyone else have an opinion on this?

[ambrozac]

....This seems a bit strange to me because I think that a contractor is generally going to add a markup to both Labor and Equipment.....

I agree. However, the key to the wording above is "generally". If a check box can be added, to include, or exclude, the Count, Labor and Equipment, in the markup, then it should cover all situations. Default checked to include.