costingrates

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Costing/Rates

resolvedResolved · High Priority · Version 2010

JAMES has attended:
Project Intro Intermediate course

Costing/Rates

i have a contractor that is doing some work for me and he has given me a fixed cost for a job but then also an hourly rate for if it goes over the time due to design/scope changes and a third cost for if he turns up but DRS can not provide a vehicle for him to work on. how can all 3 costs be allocated and properly assigned to a job?

RE: Costing/Rates

Hi James

Thank you for your question. There are a couple of ways this could be achieved. You might want to try the following to see if it meets your requirements (always work with a backup in case the result is not what you need).

You could record the fixed cost in the Fixed Cost field to the Gantt chart view and record the cost of the work there.

You can then record different rates for the resource to apply in special circumstances. In the resource sheet double click the resource and in Resource information choose the cost tab.

Each resource can have multiple tables of costs (A through to D). You could set a rate of zero for table A (as the cost has already been accounted for in the fixed cost field). Set your two special rates in tables B and C.

The Table A rate is applied by default so no cost will be recorded on a task other than the fixed cost described earlier. To apply rates in B or C assign your resource as normal then switch to Resource Usage. Find the task that should attract a different rate, double-click to open the Assignment Information dialogue box. In the bottom left corner switch from Table A to Table B or C as needed.

Let me know if this produces the result you are looking for or if we can be of further help.

Kind regards,
Andrew


 

MS Project tip:

Formatting Bar Text

To display notes or resource initials on the Gantt chart bars, choose Format, Bar Styles and the Text tab. Select the position you want to show the text i.e. Top or Inside etc, then choose the field name you are looking for from the drop down arrow. Type the first letter of the name to get quickly to the top of the letter range. Click OK.

View all MS Project hints and tips


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