The Rate Table method calculates labor billings by using employee-specific billing rates for a single project or class of projects. The rate in the rate table or override table is typically the full billing rate. However, you can apply up to three multipliers to the rate.
A labor rate table or labor override table is required with this method.
Calculation
The billing extension is calculated as:
Extension = Hours * Rate *
Multiplier(s)
Determination of Rate
Vision uses the employee billing rate specified in the project's rate table.
If you specify an override table to be used with the project, and the employee is in the table, Vision uses the employee’s rate in the override table. Vision also applies any non-zero multipliers to this rate, no matter what the override rate type (billing, cost, or cost maximum).
If you do not specify an override table for the project or if the employee is not in the project’s override table, Vision uses the employee rate in the project’s rate table. Vision then applies all non-zero multipliers to this rate.
If neither an override table rate nor a rate table rate exists for an employee, Vision uses a rate of zero for that employee.