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Procore (en-GB)

What is the difference between horizontal and vertical financial markup on main contract variations?

Answer

When applying financial markup to your Main Contract Variations (MCVs), its important to understand the differences between horizontal and vertical markup. You can apply one or the other to a main contract variation in the Advanced Settings tab of a main contract. You also have the option to apply both styles of markup to your variations. To learn more, see:

What does horizontal markup look like?

horizontal markup displays the markup amounts in the same row as the line items. An example of how the markup looks is illustrated below in Insurance (1%) and Contractor's Fee (3.00%) columns.

Example: Horizontal Financial Markup

The illustration below shows you what horizontal markup looks like. 

What does vertical markup look like?

Vertical markup displays the markup amounts after the subtotal for the line items on a Programme of Values (BOQ). As illustrated below, the Insurance (1.000%) and Contractor's Fee (3.000%) are contained in separate rows. If you want to enter a lump sum markup amount, instead of using the percentage based amount, simply edit the variation's Subtotal inline. 

Example: Vertical Financial Markup

The illustration below shows you what vertical markup looks like. 

Can I add both horizontal and vertical markup?

Yes. You can add both horizontal and vertical markup on a main contract.

Example

The illustration below shows you a variation that uses both horizontal and vertical markup.