Configure Hours and Rates for T&M Tickets
Company Administrators can enable the Resource Management: Rate Tables - Company & Project Rate Management beta in Procore Explore. (US 2 | UK)
Company Administrators can enable the Resource Management: Rate Tables - Company & Project Rate Management beta in Procore Explore. (US 2 | UK)
Rates are configured in T&M Tickets and applied to Labor, Materials and Equipment entries. When a Change Event is created from a T&M ticket, the revenue unit cost in each change event line item is pre-populated based on the rates from the T&M entries.
These cost rates are visible in the Change Event in the Change Events tool.
Rates are applied when the rate is in the rate table that is assigned to the project.
Rates must be 'billable'.
The rate must be included in the rate table that is assigned to the project.
Navigate to the project's T&M Tickets tool.
Click the configure settings
icon.
Under 'Labor Rates,' select the billable rate to apply to each time type in T&M Tickets.
Under 'Equipment Rates,' select the billable rate to apply to Operating and Idle Hours in T&M Tickets.
Under 'Material Rates', select the billable rate to apply to materials in T&M Tickets.
Click Update.
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