Enter equipment rates - Intergraph Smart Materials - Version 10.1 - Help - Hexagon PPM

Intergraph Smart Materials Portal Classic Help (10.1)

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Intergraph Smart Materials
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Smart Materials/Smart Reference Data Version
10.1

You can use the equipment rates option to specify the rates for equipment rental. Equipment rates define how much the equipment costs to rent for specific time periods, including mobilization and demobilization costs.

The Equipment Rate option is only available for subcontract inquiries.

  1. Click Financials - Equipment Rates on the menu.

  2. Click Add Equipment Rate AddIcon to create a new equipment rate.

  3. Click Rate Type LOVButton and select a rate type.

    Alternatively, type the rate type if it's not available in the list.

  4. Click Rate Group LOVButton and select a rate group.

    If you have selected a rate type from the list, the group appears in the Rate Group box.

  5. Enter the rate type short description in the Short Description box. You can change the short description that is populated from the selected rate type.

  6. In the Mobilize/Demobilize box, type the equipment mobilization/demobilization costs of the equipment rate in percent.

    Mobilization and demobilization consists of providing and removing all required equipment to and from the site. Additionally, mobilization and demobilization costs must include the installation and removal of all site facilities established for the project.

  7. Enter the equipment ownership costs per hour in the Per Hour box.

    SHARED Tip For the equipment rented for the periods of less than a month usual approach is to utilize an hourly rate developed by dividing Blue Book monthly equipment rental rate by 176.

  8. Enter the equipment ownership costs per day in the Per Day box.

  9. Enter the equipment ownership costs per week in the Per Week box.

  10. Enter the equipment ownership costs per month in the Per Month box.

  11. Enter the rate type description in the Description box at the bottom. You can change the description that is populated from the selected rate type.

  12. In the Other box, you can enter any additional information on the equipment rate.

  13. Click Save.