A Guide to Time & Material Projects Beginner

Agenda  Overview – intended use  Set-up  Processing – invoice vs. progress billing  Reporting – report generator codes, Detailed Cost Ledger

Construction Management System Profile

Job Profile

Cost Types

 Unit of Measure – used for charging weekly or monthly amounts for project managers  Non-recoverable – any items or types that you will use to track costs, but cannot charge back to the customer  Cost Items – mark-up not used as often as types, but can indicate that same % charged on all types in that item

Labor

Equipment

 Prepare Billings  Edit/Cancel Billings  Add Lines

Edit/Cancel Billings

Add Lines

Print Billing Report

 Detail vs. Summary  Cost & Billings vs. Billings Only  Show/Suppress Labo(u)r cost  Show Mark-up as % or $

Prepare Invoices  You must fill in the Sales Category or it will not create an invoice  H/B – S/Y/N  Style – D/S

Edit Billing Flag  Used to switch a line from Never Bill it to Bill it & vice versa

Flag Unbilled Job Postings  Used to mark a posted item as having been billed on an invoice  Normally used when one chooses to “Add Lines” in Edit/Cancel Billings to bill early for an item that is posted at a later date  Indicate on which invoice this was billed so reports are correct

Reports  Billing History Report  Detailed Cost Ledger – show Construction Management Billing information  Report Generator – codes DCMBM, DCMDT, DCMBW