Valuation setups

Valuation setups are the basis for job estimation details and valuation details. Each valuation setup defines rules for calculating the cost of a particular part of a construction job, such as pouring a concrete slab or framing a room.

Each valuation setup specifies a type of construction, known as a use group, a construction material, and a multiplier that will be used to calculate the cost of construction. A valuation setup also includes a valuation modifier, which is used to adjust the construction cost based on the market price of a specific location.

Infor Public Sector calculates the valuation for job estimation details and valuation details using this equation:

valuation = size or quantity of the construction item * multiplier * valuation modifier