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?