| # Update Project Prices and Rates (tppdm6201m000) Use this session to update rates and prices of project-specific cost objects and labor rates globally. This covers cost objects of the types labor, subcontracting, equipment and sundry cost. You must specify how you want the updates to be implemented. To do so you must select the method of updation. You have the following options: Update from Master Data: The standard rates/prices from which the cost objects are derived, are adopted. Update with Percentage: The prices and rates are updated by a specified percentage. Update with Amount: The prices and rates are updated by a specified amount. Use positive values for increase in price and negative values for decrease in price. Update from Reference Activity: The prices and rates are updated from Infor LN Service. You must also specify the following: The time period for which the updates are valid. In this case, the transaction dates of the price/rate transactions of the standard cost objects, or labor rates, are checked. You can specify the time period only when the Method field is set to Update from Master Data The range of projects for which the updates are valid. For each cost type, the prices which you want to update. For each cost type, the range of cost objects whose prices you want to update. Note Rates and prices previously marked as final cannot be updated using this session. For example, if the Final Cost Rate check box is checked for a labor cost rate in the Specific Labor Rates (tcppl0192m000) session, then the labor cost rate will not be updated in this session. Method Indicates the method used to update prices and rates globally. Percentage Indicates the percentage by which the rate/price is to be updated, according to the following formula: New = Old + ((percentage/100)* old) Example If the old price was $20, and the percentage was 10 per cent, the new price would be calculated as follows: New = 20 + ((10/100) * 20) New = 22 Amount Indicates the amount of the rate/price update. Amount This field displays the currency. Only for Currency If the Method is Fixed Amount Update, you can enter the currency in which the amount is expressed. Only the amounts that have this currency will be updated. Cost Price If this check box is selected, you can update the cost price for the range you select. Cost Rate You can update the labor cost price. Sales Rate You can update the sales price for labor. Purchase Rate If this check box is selected, the purchase price is updated. Cost Rate If this check box is selected, the cost price is updated. Sales Rate If this check box is selected, the sales price is updated. Purchase Price You can update the purchase price of subcontracting. Cost Price You can update the cost price of subcontracting. Sales Price You can update the sales price of subcontracting. Cost Price You can update the cost price of sundry costs. Sales Price You can update the sales price of sundry costs. Labor Rate If this check box is selected, you can update the labor cost rate. Labor Rate If this check box is selected, you can update the labor sales rate. |