This Help File Page was last Modified on 05/06/2021
❑ Proposal Estimate Drop-Down Info Box - Click the Estimate Option to view the summary of costs - based on the Proposal Item entries - for the currently selected Proposal.
➢Note 1: None of the values displayed on the Proposal Estimate tab may actually be changed on the Proposal Estimate tab.
Then, you may request that the Proposal Estimate information be recalculated by Clicking the Recalculate button (see arrow in illustration below).
➢Note 2: Also, see Defining Inventory & Job Costing Items for more information.
Proposal Form with Proposal Estimate drop-down info box displayed
❑Understanding the Proposal Estimate tab:
•Net Value - This is the Proposal's Total Net Price excluding Labor Costs and Sales Tax charges.
✓Commissions - The calculated Commission for this Proposal.
✓Expenses - The General Expenses for this Proposal.
✓Labor - The Cost of Labor as defined for each Sale-Purchase Item on this Proposal.
✓Labor Hours - The number of Labor Hours required for each Sale-Purchase Item on this Proposal.
✓Inventory - The Cost of the Inventory Items on this Proposal.
✓Materials - The Cost of the Materials for this Proposal.
✓Subcontracting - The Subcontracting charges for this Proposal.
•Profit - The Proposal's Profit and Profit Margin.
✓Gross - The Net Value minus the sum of the Costs.
✓Margin - The calculated percentage of Profit.
✓The Recalculate function will look at each line item and recalculate its Estimated Cost based on the most current Labor Charge, Job Cost Category, and Price defined in the Sale-Purchase Item Form, or for nay other reason which may have caused to Estimated Cost Values to change.