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Procore (en-GB)

Add Financial Markup Lines with Revenue ROM to Change Events

Objective

To add markup lines with Revenue ROM to one or more change events.

Background

In order to show the entire potential impact of a change event before a variation is created, estimated markup is calculated and displayed using the Revenue ROM values. You can choose which main contract to use for markup estimation when creating or editing the change event. Additionally, it is possible to bulk set all existing change events to use a particular main contract.

Things to Consider

  • Required User Permissions:
    • To edit any change event, 'Admin' permission on the Change Events tool.
      OR
    • To edit only the change events you created, 'Standard' level permission on the Change Events tool.
  • Supported Platforms:
    • Procore Web

Steps

Add Estimated Markup to a Single Change Event

  1. Navigate to the project's Change Events tool.
  2. Locate the change event to add the markup to.
  3. Click Edit.
  4. Under General Information, select a main contract that has the desired markup settings from the Main Contract (For Markup Estimates) list.
  5. Click Update.
    Procore will now calculate the estimated markup using the Revenue ROM values on the selected main contract. See Add Financial Markup to Main Contract Variations.

Add Estimated Markup to All of the Change Events on a Project

Note: Once initiated, this process may take several minutes or longer (i.e., for projects with many line items or markup lines), during which the Change Events tool will be unavailable.

  1. Navigate to the project's Change Events tool.
  2. Click Configure Settings .
  3. Select the main contract with the markup settings that you want to apply to all of your existing change events in the Default “Change Event Main Contract (For Markup Estimates)” for New Change Events list.
    Note: If you want to use a different main contract’s markup, you must re-number the desired main contract so that it has the lowest number.
  4. Click Copy to Existing Change Events.
  5. Click Confirm.
    Notes:
    • The 'Main Contract (For Markup Estimates)' field is set to the selected main contract on all change events. 
    • Markup is calculated using the Revenue ROM values based on the markup settings defined for the main contract. See Add Financial Markup to Main Contract Variations.

See Also