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Procore Support (en-au)

Add Financial Markup to Head Contract Variations (HCVs)


To add financial markup to Head Contract Variations (HCVs).


In Procore, the term financial markup is used to refer to an increase that is applied to the cost of a product or service in order to arrive at its final cost. The Head Contracts tool lets users with 'Admin' permission set the markup amounts on your line items automatically. Using the settings in the project's Head Contracts tool, you can set two types of financial markup:

  • Horizontal Markup. A horizontal markup calculates the markup amount on an individual line item. 
  • Vertical Markup. A vertical markup calculates the markup amount as a subtotal on all of the line items on a HCV. 

In addition, you can associate your financial markup settings to cost codes, categories and sub jobs. This ensures that the financial markup on your project's HCVs is reflected accurately on your project's budget.

Things to Consider

  • Required User Permissions:
    • To add financial markup, 'Admin' level permissions on the project's Head Contracts tool.
    • To view financial markup on the change order's Schedule of Values (SOV), 'Standard' level permission on the project's Change Orders and Head Contracts tools. 
  • Additional Information:
    • If you do NOT select a cost code or cost type for the financial markup, it will appear as:
      • Cost Code=None
      • Cost Type=None
      • Division=None
  • For companies using the icon-erp-synced2.png ERP Integrations tool: Show/Hide  
    • Integration by Procore: Viewpoint® Spectrum®: Vertical and Horizontal.
    • Integration by Ryvit: Viewpoint® Vista™. Vertical and Horizontal
    • QuickBooks®. Markup is NOT supported. 
    • Sage 100 Contractor®. Markup is NOT supported. 
    • Sage 300 CRE®. Only vertical markup is supported when the following is true:



  1. Navigate to the project's Head Contracts tool.
  2. Locate the head contract to work with. 
  3. Click Edit.
  4. Click Financial Markup
    This tab is only available if it has been enabled in the head contract's Advanced Settings tab. See Enable Financial Markup on a Head Contract.
  5. Under Financial Markup Settings, you have these options:
  6. Enter information in the Markup List as follows:
    • Markup Name. Enter a name for the financial markup. 
    • Markup Percentage. Enter the percentage for the markup.
    • Compounds Markup Above. If this box is not selected, the markup percentage is calculated on the change order subtotal. If the box is selected, the markup percentage is calculated on the subtotal with the addition of any preceding markups.

  7. Under Applies to Cost Types,  all of the available cost types are listed here by default. See What are Procore's default cost types? and Set Default Cost Types. If you want to remove one or more cost types, click the 'x' next to the desired selections.

  8. Under Will Map To,  select the following from the drop-down list:

    If the combination of the sub job, cost code and cost type are non-budgeted, a pop-up will appear asking to confirm to add this line item to the budget. If OK is selected, this line item will be added directly to the budget with a "?" next to the line item once a variation is created with financial markup. See Add a Partial Budget Line Item.
    • Sub Job. Select the desired sub job from the list.  This field only appears if the sub job feature is enabled in Procore (see Enable Sub Jobs or Enable Sub Jobs for Sage 300 CRE®) and sub jobs have been added to the project.  See Add a Sub Job to a Procore Project.
    • Cost Code. Select the desired cost code from the list. 
    • Cost Type. Select the desired cost type from the list.
    • ERP Head Contract Item. Select the desired Schedule of Values (SOV) line item from the project’s Head Contract. This ensures that the estimated value (the SOV value without vertical markup) and the revenue value (the SOV value with vertical markup) are synced to the line item that you specify in the integrated ERP system.
      This field is only visible when:
      • Your company account has enabled the ERP Integrations tool.
      • The ERP Integrations tool is configured to use either the Integration by Ryvit or Sage 300 CRE®. 
      • You are creating vertical markup on a head contract variation.
    • Export Markup to Estimate. Select this checkbox to enable the ability to sync financial markup on a head contract to the cost estimate in ERP. This checkbox is only available to customers with the Sage 300 CRE® integration,  Integration by Procore with Viewpoint® Spectrum®, or Integration by Ryvit with Viewpoint® Vista™ . 
  9. If you do not select a sub job, cost code and cost type, the markup will appear on the Budget as follows:
    • Cost Code=None
    • Cost Type=None
    • Division=None
  10. Click Save.


If you would like to learn more about Procore’s prime contract software and how it can help your business, please visit our construction contract management software product page here.