Setup/Assign Pricing Schedules

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

• Job Labor Pricing Schedule
• Job Inventory Pricing Schedule
• Job Equipment Pricing Schedule
• Job Cost Type Pricing Schedule
  
  

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: