Not Applicable

Does not apply.

Billing Rate

Specify a flat amount for the billing rate. Billing amounts will be calculated using quantities and the billing rate. Applies to Time and Materials projects.

Markup Percentage

Specify a percentage for the markup. Billing amounts will be calculated using actual cost, plus a percentage markup of actual cost. Applies to Time and Materials projects.

Profit Fixed

Specify a flat amount. Billing amounts will be calculated using actual cost plus the flat amount for each unit quantity. Applies to Cost Plus and Fixed Price projects.

Profit Variable

Specify a flat amount for profit. Billing amounts will be calculated using actual cost, plus the profit for each unit quantity. Applies to Cost Plus projects.

Total Profit

Specify a flat amount. The billing amount will be the flat amount. Applies to Cost Plus projects.

Percent of Baseline

Specify a percentage. Billing amounts will be calculated using a percentage of the baseline budget amount. Applies to Cost Plus and Fixed Price projects.

Percent of Actual

Specify a percentage. Billing amounts will be calculated using a percentage of actual cost. Applies to Cost Plus and Fixed Price projects.

None

Billing amounts are always zero. Applies to Time and Materials, Cost Plus, and Fixed Price projects.

Price Level

Billing amounts are calculated using price levels for inventoried items included in cost categories. Applies to Time and Materials, Cost Plus, and Fixed Price projects.