Rate Schedules
Rate Schedules are centrally managed pricing tables that define standard rates for each WBS (Work Breakdown Structure) item. They serve as the pricing foundation for Standard Quotes, allowing your estimating team to maintain a single source of truth for unit rates that can be applied consistently across multiple enquiries and proposals.
By maintaining rate schedules centrally, organizations can ensure pricing consistency, speed up the quoting process, and quickly adjust rates in response to market changes without editing individual quotes.
Rate Schedule List
The main view displays all defined rate schedules in a tabular format. The following columns are shown:
| Column | Description |
|---|---|
| Schedule Code | A unique identifier for the rate schedule (e.g., RS-2025-CIVIL, RS-MEP-STD). |
| Schedule Name | A descriptive name indicating the scope or discipline covered (e.g., "Civil Works Standard Rates 2025"). |
| Scope / Discipline | The work scope or trade discipline the schedule applies to (e.g., Civil, MEP, Structural). |
| Currency | The currency in which all rates in the schedule are denominated. |
| Effective Date | The date from which this rate schedule becomes applicable. |
| Status | Indicates whether the schedule is Active, Draft, or Archived. |
Rate Schedule Detail
Each rate schedule contains a list of WBS items with their associated unit rates. The detail view includes:
| Field | Description |
|---|---|
| WBS Item Code | The code of the WBS item from the organizational WBS library. |
| WBS Item Description | Description of the work item (e.g., "Reinforced concrete grade 40 - columns"). |
| Unit | The unit of measurement for the item (e.g., m3, m2, kg, nos). |
| Unit Rate | The standard price per unit for this WBS item. This is the rate that gets applied when the schedule is used in a Standard Quote. |
| Remarks | Optional notes or assumptions associated with the rate (e.g., "Includes formwork and curing"). |
Creating a Rate Schedule
Follow these steps to create a new rate schedule:
- Navigate to Preconstruction → Rate Schedules.
- Click the Add + button.
- Enter the schedule header information: Code, Name, Scope/Discipline, Currency, and Effective Date.
- Add WBS items to the schedule by selecting from the WBS library and entering the unit rate for each item.
- Click Save to store the schedule in Draft status.
- Review the rates and set the status to Active when ready for use in quotes.
Using Rate Schedules in Standard Quotes
When creating a Standard Quote, you select a rate schedule as the pricing basis. The system automatically populates the quote BOQ lines with the unit rates defined in the schedule. The estimator can then adjust quantities and, if permitted, override individual rates for that specific quote without changing the master schedule.