Costing Help
Use the Frameworks command to group cost codes that are associated. You can create new framework records on the basis of existing ones. Any existing framework record can be selected as a model for a new record; you then amend the details required for the new record. You can add, amend and remove cost codes associated with framework records as required. You can also select the cost rate applicable. This will be based on one of the cost rates already assigned to the cost code record, and therefore only applicable where more than one cost rate record is defined for the corresponding cost code record. For each cost code record, you specify the quantity to be used on the framework. The default is the issue quantity on the cost code record. For revenue type cost codes, the quantity is displayed as a negative figure, while cost type cost codes show the quantity as a positive figure.
Example:
You calculate the cost of building a brick wall per square metre, analysing
the cost to separate cost codes for bricks, mortar and labour and assign
these cost codes to a single framework called 'WALL', each with their
own value assigned. When you subsequently budget or invoice the cost of
building a wall of 20 square metres, the framework code is specified with
a quantity of 20, resulting in the component cost codes being multiplied
accordingly.
The following must be defined before you can complete the corresponding boxes:
Box | Prerequisite |
|---|---|
Cost Code |
At least one cost code record must exist before you can assign it to a framework. Cost codes are maintained using the Cost Codes command on the Maintenance menu. |
Model Framework |
If you are creating a new framework record on the basis of a model, the model framework record must be defined beforehand. |
Box | Description |
|---|---|
Description |
A description of the framework of up to 40 characters. |
Box | Description |
|---|---|
Line |
A line number to identify the position of the cost code in the framework. You can use this subsequently to move to a particular line by keying in the line number required. The line number is automatically incremented in units of 10. If you want to insert a cost code between existing ones, you can use a line number that falls between the two, for example, 15. |
Cost Code |
A reference that identifies the cost code to be associated with the framework. You can select from a list. The description of the cost code appears alongside which you can amend if required, although only the framework record is affected; not the cost code record. |
Cost Rate |
A reference that identifies the cost rate to be associated with the particular cost code in the framework. You can select from a list. |
Quantity |
The quantity of the cost code required on the framework. The default is the issue quantity on the cost code record. For revenue type cost codes, the quantity is displayed as a negative figure, while cost type code codes show the quantity as a positive figure. |
Unit |
The unit description associated with the cost code. This is displayed automatically and cannot be amended here. |