Enter the markup rate for this contract item. Enter 5% as .05, 25% as .25, 100% as 1.00.
This rate will be used during T&M billing when the Markup Opt for a template sequence is 'Rate' and no markup rate is specified for the template sequence. Each item on the billing will use its own markup rate when calculating the billing amount. For total addons, if a contract item is assigned to the template sequence, that contract item's markup rate will be used. If no markup rate is specified for that contract item, the markup rate for each individual item on the billing is used.