Now That My Project Budget Has Been Established, How Do I Buy Out The Project?
To enter Buy Out amounts while the project is in the Bidding Status, you will click on Bidding>Worksheet>(Select the project if you are not already in the project)>Buy Out
Enter in your projected Buy Out Amounts in the amount boxes. The difference between the Bid Amount and the Buy Out amount will fall to your Profit line once the project is moved forward in status to Will Start Soon.
TIP: The Construction Buy Out can also be done in the Will Start Soon status after the contract has been awarded. Being able to enter these amounts in the Bidding Status gives the Project Manager an idea of where they will be once the project is turned over to them once Bidding is complete.
Click on Expand All to expand the Buy Out Worksheet.