Table of Contents:

• Bid Summary Overview
• Standard Markups
• Bond Calculations
• Addons
• Spread Costs

Bid Summary Overview:

Once all costs are in the estimate, it is time to add markup and any additional dollars which are necessary for the final total bid.

The first step is to summarize the estimate, which will total all of the resource costs and separate them into categories such as equipment, labor, burden, etc.

Open the Bid Summary window by navigating to Menu > Summary > Summary or by clicking the Bid Summary icon  in the top toolbar.

• The Totals tab is the main bid summary screen.
• The Standard Markup Instructions area shows the cost for each cost category and allows a different markup percentage to be entered for each category.
• The Previous Run area shows the timestamp of the last summary and spread.
• The Standard Spreads area determines how markup, indirect costs, and addon/bond will be spread back to the direct biditems.
• The Totals as of Last Spread area provides information for cost totals as of the most recent Bid Summary and Spread.
• The Run Bid Summary and Run Spread buttons will be bold any time a change has been made to the estimate which is not reflected in the Bid Summary screen.

Standard Markups:

In the Standard Markup Instructions area, enter a 10% markup for each cost category.

Notice that the markups are totaled at the bottom of the Markup % column.

Spread Instructions:

1. In the Standard Spreads area, select Total for each field.

2. Click Spread Required at the bottom of the window to spread the markups to the direct cost biditems.

Bond Calculations:

1. Click Calculations (below the Standard Markup Instructions area and to the right of the Selected Bond Table field).
2. On the Show Calculation Options window, click Bond Calculation.

• Notice that bond table 1 was selected automatically. Additional bond tables can be set up on the Bond tab in the Bid Summary window.

3. Click Close.

Addons:

In HeavyBid, an addon is any amount that is added to the estimate after the resource costs have been totaled.

Click the Addons tab at the top of the Bid Summary window.

In the first row in the grid, enter the following information:

1. In Addon, enter 1. This is a unique identifier for this addon in this estimate.
2. In Description, enter Overhead.
3. In Basis, enter TC (Total Cost). The basis determines how the addon is calculated.
   • A list of all possible basis values can be viewed by clicking the Basis column heading.
4. In Percent, enter 10. Used with a basis of TC (total cost), this will add 10% of the total estimate cost to the final bid price.
5. Select the check box in the Cost column to indicate that this addon should be spread as a cost, not as markup. As a cost, the addon will be spread using the Addon/Bond spread method (selected on the Totals tab) rather than using the Markup spread method.

Spread Costs:

1. Click the Totals tab at the top of the Bid Summary window.
2. Click Spread Required.

• Notice that the Totals as of Last Spread area is updated. The balanced total price – including costs and standard markup – is highlighted yellow.

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