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Rate Effective Dates Examples

Named rates for labor and equipment have effective dates. These dates cannot overlap. The rate used to calculate work order costs is the named rate that was effective on the date the work was performed. If the dates used overlap, a warning message displays.

Example 1

Rate 1

Name: Standard

Rate ($/Hr): 10.00

Effective On: 02/16/2018

Expires On: Blank

Notes:  None

Rate 2

Name: Special Rate 1

Rate ($/Hr): 10.00

Effective On: 01/18/2018

Expires On: Blank

Notes:  OK. Dates overlap, but rates have different names.

Example 2

Rate 1

Name: Standard

Rate ($/Hr): 10.00

Effective On: 02/16/2018

Expires On: 06/06/2018

Notes:  None

Rate 2

Name: Standard

Rate ($/Hr): 11.50

Effective On: 06/07/2018

Expires On: Blank

Notes:  OK. Rate with the same name expires before the next one takes effect.

Example 3

Rate 1

Name: Standard

Rate ($/Hr): 10.00

Effective On: 02/16/2018

Expires On: Blank

Notes:  None

Rate 2

Name: Standard

Rate ($/Hr): 11.50

Effective On: 06/07/2018

Expires On: Blank

Notes:  Not OK. Another rate of the same name has not expired.

 

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