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Effective Date is the date the rate will go into effect.
End Date is the date the rate will end. It is optional.
Standard Hourly Rate is the standard hourly rate to 2 decimal places.
Standard Hours is the standard number of hours the task will take. When this is used, there must be a standard hourly rate defined for the rate set, and none of the other rate options can be used. Using this would be beneficial if a rate of $75/hour was negotiated with the vendor and standard hours could be applied to all included activities. Then if the rate is re-negotiated, only the rate has to be changed; the standard hours entered by activity remains the same. When a work order is created, the standard hours would be multiplied by the standard hourly rate to come up with a price.
Parts Price is the total price to be paid for parts for this work. A labor price can also be defined for the line, but a total price and standard hours cannot.
Labor Price is the total price to be paid for labor for this work. If this is defined, a parts price can also be defined, but a total price and standard hours cannot.
Total Price is the total price to be paid for this work. If defined for a line, standard hours, parts price, and labor price cannot be entered.
Standard Hours is the standard number of hours the task will take for the specified equipment group or unit. When this is used, there must be a standard hourly rate defined for the rate set, and none of the other rate options can be used.
Parts Price is the total price to be paid for parts for this work when done on the specified equipment group or unit. A labor price can also be defined for the line, but a total price and standard hours cannot.
Labor Price is the total price to be paid for labor for this work when done on the specified equipment group or unit. If this is defined, a parts price can also be defined, but a total price and standard hours cannot.
Total Price is the total price to be paid for this work when done on the specified equipment group or unit. If defined for a line, standard hours, parts price, and labor price cannot be entered.
Back to Add a menu pricing contract or Vendor Contracts