Edit Rates

These steps assume you are editing rates for the default Basic rate class. If you have defined alternate rate classes, select the applicable rate class row to edit the applicable rates.

  1. Select Project Data > Rates in the Navigation Menu. The Manage Rates tab window displays.
  2. Click on the Structure [Select] dropdown in the Ribbon Menu and select the rate structure you want from the list.
  3. Select the Rate Groups tab. The top left pane displays the list of Rate Groups. The top right pane displays the list of Rate Classes. The bottom right pane displays the list of effective dates and Rates for the selected Rate Group row and selected Rate Class row.
  4. Select the Group row you want in the top left pane.
  5. Edit the effective date or rate in the bottom right Rates pane. You have two options to do this.

Option 1 - Edit the effective date or rate manually. In the Rates pane:

  1. Select the desired rate row. Edit or select a rate effective Date or edit the Rate value.
  2. Click Save in the Ribbon Menu when you have completed editing the rates for the Group row.

Option 2 - Use the generate rates Wizard. In the Rates pane:

  1. Click Generate Rates. A Generate Rates dialog box displays.
  2. Select the Mode from the dropdown. Select either Fixed Value Change or Fixed % Change.
  3. Enter or select a Start Date.
  4. Enter a Start Value.
  5. Enter a Value Change or % Change depending on the Mode you selected.
  6. Enter a number of Decimal Places. This determines the level of precision for the generated rates. The default is 2.
  7. Select the desired Apply Each option from the dropdown. The options are Period, Quarter, or Year.

  8. Click OK. The rates are generated for you and display in the Rates pane.

    Note:

    Once you click OK, all existing rates are replaced with the new generated rates.

  9. Optional. Review the generated rates. Click Generate Rates again as needed to change your settings and regenerate the rates.
  10. Click Save in the Ribbon Menu when you have completed updating the rates for the Group row.
  1. Optional. Close the Manage Rates tab.