To track equipment costs for a subcontract, you can define equipment rates.
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Click Add Equipment Rate
.
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Click Rate Type
and select a type.
All types defined for Equipment Owned and Equipment Rented groups are available.
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If you manually entered a new type, select a group from the Rate Group list.
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Optionally, enter the type description in the Short Description cell and in the Description box on the Info tab.
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Enter equipment mobilization/demobilization costs in the Mobilize/Demobilize cell.
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In the Per Hour, Per Day, Per Week, and Per Month cells, enter the equipment ownership costs per hour, day, week, and month.
For equipment rented for a period of less than a month, the usual approach is to utilize an hourly rate developed by dividing the Blue Book monthly equipment rental rate by 176.
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Optionally, type a comment on the equipment rate in the Notes box on the Info tab.