Overview:

The Pricing Schedules facilitate Cost Plus/Time & Material contract revenue and billing calculations for Jobs. There are two types of pricing schedule categories in PENTA: 1) Standard Labor, Equipment, Inventory, & Other Pricing Schedules and 2) Job Specific Labor, Equipment, Inventory, & Other Pricing Schedules. PENTA checks the Job Specific Pricing Schedules first for a match, if no match found, Standard Pricing Schedules assigned to the Job are then checked for a match to figure out the revenue and billing amount associated with the cost.

Benefits:

Flexibility to sell work with different pricing/markup structures, set standard pricing/markups for all work, or both (equipment and inventory marked up the same but labor price changes by region of work)
Labor can be billed by the hour with an hourly rate or cost marked up depending how the work is sold
- Labor Burden can be marked up differently or not at all
Copy from another Job or use a Standard Pricing Schedule as a starting point to make minor tweaks for a job

Roles:

Project Manager/Coordinator
Billing Dept
Controller

Additional Content

Location:

Project Management > Jobs > Job Information - Invoicing Tab (To Assign Standard Pricing Schedules to a Job)
Project Management > Owner Contract Information > Cost Plus/T&M Pricing Schedules (To Create Job Specific Pricing Schedules)

Video:

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