You can set up a contract project to have revenue and invoicing calculated based on a bill rate schedule or based on a burden schedule.
If you use a bill rate schedule, you can specify an employee-based schedule, a job-based schedule, or both. When revenue and invoicing are calculated, the system first looks for an employee-based bill rate schedule. If none is specified, or if no employee-based rate is available for an employee, the job-based bill rate is used.
Default values for the schedules are copied from the project type.
You can select employee, job, non-labor rate schedules with the rate schedule currency different from the project functional currency if Enable Multi Currency Billing is checked for the project.
Note: If Oracle Project Resource Management is installed, you must specify a job-based bill rate schedule. See: Oracle Project Resource Management User Guide.
When you update billing information for a project, you can copy the changes to some or all of the project's tasks. You can choose from the following options:
Copy to all tasks without manual overrides. Use this option to copy the project-level bill rate schedule to all tasks except tasks where the original bill rate schedule has been overridden.
For example: A project uses the non-labor bill rate schedule A. All tasks created under the project inherit non-labor bill rate schedule A. You manually override the bill rate schedule value for Task 2, to non-labor bill rate schedule B. Then you change the bill rate schedule for the project to C and select Copy to all tasks without manual overrides. The new bill rate schedule value (C) is copied all the project's tasks except Task 2.
Copy to all tasks. Use this option to copy the project-level bill rate schedule to all of the project's tasks, including tasks where the original bill rate schedule has been overridden.
Note: Changes to billing schedules using public APIs are not considered manual overrides.