Page 30 - Unanet GovCon: Setting Up Contracts and Projects

Cost Plus •Direct Costs * Indirect Costs +
Fee(s)

Fixed Price •Billing Schedule

Non-Billable •N/A

Time & •Labor: Bill Rate * Hours
Materials •Expense: Direct Cost * Markup %

Creating Time and Materials Projects

Time and Materials (TM) projects calculate labor by multiplying hours by bill rate.
Unanet recommends setting the Bill Rate Source on the Time tab of the project’s Profile
to “Default to the labor category’s bill rate.” This enables a Project Manager with the Bill
Rate Manager role to customize the bill rates for each Labor Category assigned to the
project.

While a TM project can support tasks with any billing type, Unanet recommends using
alike billing types at the Project and Task levels to facilitate accurate billing and
invoicing. If a contract allows expense charges to be billed to the customer at direct cost
plus applicable indirect rates, this type of effort should be configured as a separate Cost
Plus project with CP tasks rather than TM.

Activity 2.4 – Create a New Time & Materials Project
Login: Dana Contracts (Project Manager) – dcontracts / welcome

Activity Steps:

Part 1: Copy a Template Project
1. On the left side of the Home dashboard, navigate to My Lists, and select
“Template Projects”.
2. Select the copy icon for the project “TIME-AND-MATERIALS”.
3. Select the project attributes to copy as indicated below:

GENERAL ASSIGNMENTS

 Expense Types  People Assignments
 Items  Expense Budgets

LESSON 2: CONFIGURING PROJECTS AND TASKS
©2022 Unanet. All rights reserved. 30