Apparently you can’t claim this mark up separately as this is already included in your profit and overheads on the said item. Further you need to seek contractual provisions as well as Tender documents to clear on that issue
Member for
19 years
Member for19 years
Submitted by Stanley Chan on Fri, 2007-06-29 06:01
As per my experience this mark-up is to cover the cost of procurement effort which the contractor spend on ordering.
Once the equipmet/material is delivered to site, the cost incurred in warehousing and storage etc are part of Construction and not procurement so you must charge for it.
Regards,
Ashraf
Member for
18 years 5 months
Member for18 years5 months
Submitted by Raphael Adeyem… on Tue, 2007-06-19 08:22
Member for
22 years 4 monthsRE: Markup on quotation
Apparently you can’t claim this mark up separately as this is already included in your profit and overheads on the said item. Further you need to seek contractual provisions as well as Tender documents to clear on that issue
Member for
19 yearsRE: Markup on quotation
I think your contract document shall have specified what your mark up shall include. Please check.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
19 years 2 monthsRE: Markup on quotation
Dear All
in my opinion,this markup for attendance,storage,transportation including overhead and profit .
you are not allowed to claim for any thing more.
Member for
18 years 6 monthsRE: Markup on quotation
Hello Sermet,
It is a mark-up on procurement of material for variations calculation. Your appendix must have the manhour rates and the equipment rates.
Hernan
Member for
18 years 6 monthsRE: Markup on quotation
Hi,
As per my experience this mark-up is to cover the cost of procurement effort which the contractor spend on ordering.
Once the equipmet/material is delivered to site, the cost incurred in warehousing and storage etc are part of Construction and not procurement so you must charge for it.
Regards,
Ashraf
Member for
18 years 5 monthsRE: Markup on quotation
Dear Serment,
What form of contract are u operating?
Give brief description of the project, I would be able to advise you better.