Markups are additional charges added to budget items or subitems, commonly used to account for service fees, margins, or handling costs.
A markup can be either a percentage of the parent item’s total price or a flat fee, and is treated as a property of the item it belongs to, not a standalone entry.
How to add a markup
To add a markup, go to the event-level Budget view.
Locate the item or subitem you want to apply the markup to and click the three-dot contextual menu next to the item. Here, select Add markup option.
This will create a secondary item nested under the selected parent item.
How markups work
Markups are calculated in one of two ways:
Percentage: Based on the parent item’s total price (e.g., 10% of $1,000 = $100)
Flat Fee: A fixed amount added directly to the total
You can select the markup type directly in the Unit Price cell of the markup item by selecting percentage or dollar sign respectively.
Note: A small percentage icon appears next to the parent item when a markup is applied, indicating its presence.
Markups do not inherit attributes such as Payment Group or Direct Cost, since they are treated as secondary entries under their parent item. However, planners can still apply a fee to markup amounts, if needed.
Markups are included in the total value of their parent item or item group:
Collapsed view: When the item group is collapsed, the markup is included in the summed-up price
Expanded view: When expanded, you’ll see a granular breakdown of each item, including the markup and its exact calculation