Labor rates for subcontracts can be specified on the Labor Rates tab.
Select the rate type from the LOV in the Rate Type field. The LOV provides all the rate types of rate group 'Labor'. If you manually enter a new rate type, it will not be added to the pre-defined list of rate types on P.10.39. You can double-click in this field to open the P.10.39 Rate Types screen where labor rates are defined.
The rate type descriptions are displayed in the Short Desc and Description fields.
Enter the value of this rate type in the Rate Value field. Select the unit of the rate value from the drop-down list in the Rate Unit field. The available values are:
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Hour
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Day
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Week
In the General and Administrative % field, you can enter the percentage of the labor rate applied to the general and administrative expenses.
In the Overhead and Profit % field, you can enter the percentage of the labor rate applied to the overhead and profit expenses without fringe benefits.
In the Fringe Benefits % field, you can enter the percentage of the labor rate applied to fringe benefits.
In the Small Tools and Consumables % field, you can enter the percentage of the labor rate applied to small tools and consumables.
In the Payroll Taxes % field, you can enter the percentage of the labor rate applied to payroll taxes.
In the Worker Comp and Liab. Ins % field, you can enter the percentage of the labor rate applied to worker compensation and liability insurance.
The Total Straight Time Bill Rate field displays the total time rate calculated as the sum of the base rate value including the surcharges entered in the before mentioned percentage fields. This value is calculated as:
Base Rate + Base Rate x (General and Administrative/100) + Base Rate x (Overhead and Profit/100) + Base Rate x (Fringe Benefits/100) + Base Rate x (Small Tools and Consumables/100) + Base Rate x (Payroll Taxes/100) + Base Rate x (Workers Comp and Liability Ins/100)
In the Overtime field, enter the overtime charges as a percentage of the labor rate.
In the Double Time field, enter the double-time charges as a percentage of the labor rate.
In the Shift Differential field, enter the shift differential charges as a percentage of the labor rate.