In this article
Fixed costs
The fixed costs section within Chalkstring is where the preliminaries involved in a package are defined. This is anything that is not within the measured work contained in the bill of quantities, such as provision of management & supervision, welfare facilities, waste disposal, plant & equipment.
How to add compile the fixed costs section of an assessment
- Expand the main Chalkstring black menu bar and click on the ‘Projects’ menu.
- Search for and click the required 'Project'.
- Within the project homepage, click on the work package to be updated.
- Within the work package homepage, select the assessment version required.
- Click on the ‘Fixed Costs’ sub-menu.
- To add an existing fixed cost from the database, click the ‘None Selected’ drop down menu to search for and select items.
- Click ‘Save’, the add each cost.
- To create new items, click ‘New Fixed Cost’. For further details on adding a new cost, see article Adding and editing fixed costs.
A. Define a quantity. How many of the fixed cost are being provided.
B. Period length. How long are they being provided for.
C. Any profit per period. Any margin expected to be made on the price being levied
Fixed costs are often charged as a standardised lump sum or periodic rates. For example, £1,000.00 per week. Chalkstring reverse calculates the profit margins from the price set vs anticipated costs. If no profit is expected to be on the provision of a fixed cost, set the profit as 0.