Edit labor rates - Intergraph Smart Materials - 10.4 - Help - Hexagon

To track work hours for a subcontract, you can define labor rates.

1. Click Add Labor Rate .

2. Click Rate Type and select a type.

   All types defined for Labor group are available

3. Optionally, enter the type description in the Short Description cell and the Description box at the bottom.

4. Enter the value of the labor rate in the Rate Value cell.

5. Select a unit from the Rate Unit list.

6. In the General and Administrative % cell, enter the percentage of the labor rate applied to the general and administrative expenses.

7. In the Overhead and Profit % cell, enter the percentage of the labor rate applied to the overhead and profit expenses without fringe benefits.

8. In the Fringe Benefits % cell, enter the percentage of the labor rate applied to fringe benefits.

9. In the Small Tools and Consumables % cell, enter the percentage of the labor rate applied to small tools and consumables.

10. In the Payroll Taxes % cell, enter the percentage of the labor rate applied to payroll taxes.

11. In the Workers Compensation and Liability Insurance % cell, enter the percentage of the labor rate applied to workers' compensation and liability insurance.

    How is the total straight time bill rate calculated?

    The Total Straight Time Bill Rate 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 + Overhead and Profit + Fringe Benefits + Small Tools and Consumables + Payroll Taxes + Workers Compensation and Liability Insurance)/100).

12. Enter the overtime, double-time and shift-differential charges in the appropriate cells, as a percentage of the labor rate.