Calculated Pricing for Labor Items
You have the option of setting a calculated price for Labor Items vs. a set price when creating new Labor Items.
Rules
Existing Labor Items in your Catalog cannot be converted to a calculated price. Only new Labor Items being added can be set to be calculated.
Calculated Labor Items do not calculate off of each other, i.e. the price of other calculated items will not be used for other calculated items. This includes Calculated Products and Calculated Allowances.
No labor is applied to Calculated Labor Items. A Phase can be assigned to them but no labor hours.
Fields
There are a variety of options to set the value for the Unit Cost and Unit Price for a Calculated Labor Item.
Source
First you choose your source field. This can be the Labor Unit Price or Labor Unit Cost or you can choose one of the following Total fields:
The "Recalculate Automatically" option is checked by default. This will automatically update the Unit Cost/Unit Price of the Labor Item within a Project when the value for the Source changes. If you do not have this box checked you can still manually recalculate the price for a Calculated Labor Item within a Project.
Operation
Next you choose an operation from the following list:
Value
Once you've chosen an operation you can then set a value. The value will either be a percentage or a decimal number based on the operation chosen:
Filters
You have the option of setting one or more of the following filters shown below:
If you do not choose a filter when using a "Total" Source, the Project total for that source will be used.
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