Cost Fields

Evaluating contractor cost data is a critical element of work and resource management. The Contractor Resource record includes several types of cost fields to accommodate financial reporting and analysis. Contractor cost data also can be rolled up to Task and Work Order records. More information about Work Order Cost relationships

Unit of Measure

Identifies how the contractor's work is measured for this task.

Default Unit Cost

Indicates how much it costs to use this contractor per unit of work.

  • This value is carried over from the person's/company's Contractors Setup record; therefore, the field is read-only.

Override Unit Cost

Enables users to enter a cost that differs from the Contractor's Default Unit Cost.

Cost Markup

Displays the amount by which the records in the Cost Markup grid will increase the Grand Total Cost value.

Note:  Note:Cost Markup records based on Units only apply to the Normal Time/Cost fields.

Estimated Cost Fields

The following fields enable an agency to estimate the number of work units the contractor will put in on the task and the cost of the contractor's work. Default values for the estimated fields may be carried over from the Work > Administration > Work Flow Setup > Task Setup > Contractor record.

Est Units

Indicates the approximate number of work units it will take the contractor to accomplish the task.

Estimated Unit Cost

Indicates the approximate cost of the contractor per unit.

Est Total Cost

Estimates the cost of using this contractor on this work task.

 

Unit Cost Fields

Units

Indicates the number of units of work the contractor completed.

Unit Cost

Specifies how much the contractor costs per work unit. The system:

  • Collects the Default Unit Cost or the Override Unit Costs value (if populated) from the Contractor Resource record.

    Unit Cost = Default Unit Cost or

    Unit Cost = Override Unit Costs

Total Cost

States the comprehensive cost of using the contractor on the task.

  • Automatically calculated as: Total Cost = Units x Unit Cost

 

Summary Cost Fields

Units Grand Total

States the overall number of units of work (typically hours) that are recorded on this Contractor Resource record.

  • Automatically calculated as:

    Units Grand Total = Units

Grand Total Cost

States the overall cost of this contractor's work on this task.

  • Automatically calculated as:

    Grand Total Cost = Total Cost + Cost Markup