As a general contractor, you can start tracking indirect costs like insurance and taxes to calculate a final value of all the costs for your project.
To enter in additional project costs
Start by navigating to the “Bid Packages” tab in the project you are working on. At the bottom of the page, you will see the “[Your Company]’s Costs” section. See screenshot below for BuildingConnected, Inc.
There are 5 predefined sections:
- General Conditions
However, you can customize the names of any of the sections as desired. To do this, click into the title of the section. Delete the existing entry and type in your customized title. Click away and your updated entry will be saved.
You can also add a new section by clicking on "Add a new section".
You can delete any section by clicking on the down arrow on the far right of the section title and click "Delete" that pops up in the drop-down.
To start adding new line items to any section, click on the section header like “Insurance” or “Contingency” to open it up. Similarly, you can click on the section headers to collapse them.
You can add line items with custom labels to any section by clicking on “Add line item”.
You can customize the name of the line item and also choose the calculation type from the available options in the drop-down menu.
You can set the line item to calculate based on a percentage. Select "percentage" from the Calculation Type drop-down menu. The calculation works on off the percentage of the direct costs subtotal from the bid packages above.
You can edit any existing line item by clicking into the field and making edits accordingly. Click away from the line to save.
To delete any line items, click on the drop down arrow at the far right and click on “Delete”.
You can also reorder sections or line items by dragging and dropping them. Hold on the line item from the far left at the dots that appear and carry it up and down to your desired location.
The total “Bid Packages” cost from above and “[Your Company]'s Costs” will sum up to the “Total Forecasted Costs” at the bottom.
To export the bid packages table with these additional project costs to excel
Click “Export” on the “Bid Packages” tab. Please note that you must have BC Pro in order to export the bid package table.