Use this reference data to define different types of rates (for example: Standard Rate).
The fields on the Rate Types grid are described in the following table:
This field…
Holds this information...
Description
A description of the rate type.
Cost Name1 to CostName3
Labels for the cost types (for example: Labour, Material, Plant).
Allow Composite
Whether the rate type can be used for a composite.
Archive
Whether the rate type is archived.
Schedule of Rates
Use this reference data to define schedules of rates. Select a Rate Type from the drop-down list to display the Schedule of Rates.
Actions can be carried out using the menu accessed by right-clicking in the window or on an item.
The options available are dependent on the type of item selected.
The menu allows you to do the following:
Add a new header, section, or sub-section by selecting the relevant option under New. This displays the Schedule of Rate Item window, where you can enter a code and description for the item.
Add a new rate item by navigating to New > New Rate Item - this displays the Schedule of Rate Item window.
The fields on the Schedule of Rate Item are described in the following table:
This field…
Holds this information...
Code
A user-defined code for the item.
Description
A description of the item.
Labour, Material, and Plant.
The costs. These field names are defined by the selected rate type.
Total Cost
The total costs. This is the sum of the preceding Cost Name fields.
Unit
The unit of measurement. These can be defined in Measurement Unit Types (accessed by navigating to Functions > Core > Reference Data > Core).
Estimated Hours
The estimated time it will take to carry out the work in hours.
Edit the selected item by clicking the Modify option
Delete the selected item by clicking the Delete option
If the item has been used on an estimate, it will not be deleted.
Refresh the window using the Refresh option
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