Adding Markup on Direct Travel - What is Reasonable?
In your experience what do contractors do as a rule about Travel? Is there usually some kind of administrative markup applied or not? What would you say is the norm? Is there a range of markup %’s that might be reasonable?
What is reasonable can be so subjective. I can say that whatever I choose is reasonable...smile! But that won't fly. So let's look at one simple application to address your inquiry: Typically, a firm charges G&A to travel, when their G&A Base is Total Cost Input (TCI) and therefore travel is part of the G&A BASE. However there are other things to consider...
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