About Work Order Scope Budgets
You can set up budget information for a work order scope by entering cost estimates in the SM Work Orders form.
There are two methods for setting up cost estimates for a work order scope:
 Summarized Cost Estimates  These are entered in the SM Work Order Cost Detail form (accessed by clicking the Detail button in the Budget section of SM Work Orders).
 Detailed Cost Estimates  These are entered in the SM Work Orders form using the Material, Equipment, and Labor tabs.
The system determines which set of cost estimates to use when calculating the budget totals (estimated Labor Hours, Cost Total, Price Total, and Profit) depending on how you set the Derived check box for the work order scope.
Detailed Cost Estimates
If you prefer to use detailed cost estimates to derive the estimated budget totals, select the Derived check box. The system sums the labor hours from all entries on the Labor tab to determine the estimated Labor Hours for the work order scope. It then uses the detailed cost estimates to determine the estimated budget totals. The Pricing method defined for the work order scope determines how the budget totals are calculated:

NonBillable  For these scopes, the system sums the cost totals from all tabs to derive the budget Cost Total. However, since these scopes are not billable, no Price Total or Profit will be calculated.

Flat Price  For these scopes, the system sums the cost totals from all tabs to derive the budget Cost Total. It then uses the Price entered for the work order scope as the Price Total. The Profit is then calculated as the Price Total less the Cost Total.

Time and Material  For these scopes, the systems sums the cost totals and billable totals from all tabs to derive the budget Cost Total and Price Total. The Profit is then calculated as the Price Total less the Cost Total.

Job Work Order, Actual Cost  For scopes on these work orders, the system sums the cost totals from all tabs to derive the budget Cost Total. However, since no pricing is defined for these scopes, no Price Total or Profit will be calculated.

Job Work Order, Markup  For scopes on these work orders, the systems sums the cost totals and billable totals from all tabs to derive the budget Cost Total and Price Total. The Profit is then calculated as the Price Total less the Cost Total.
Summarized Cost Estimates
If you do not select the Derive check box, you can use the SM Work Order Cost Detail form to enter estimated labor hours, and summarized cost estimates for labor, materials, equipment, subcontracts, and miscellaneous expenses. The system will then use the summarized cost estimates to determine the estimated budget totals. The Pricing method defined for the work order scope determines how the budget totals are calculated:

NonBillable  For these scopes, the system uses the estimated labor hours and total cost estimates to derive the budget Labor Hours and Cost Total, respectively. However, since these scopes are not billable, no Price Total or Profit will be calculated.

Flat Price  For these scopes, the system uses the estimated labor hours and total cost estimates to derive the budget Labor Hours and Cost Total, respectively. It then uses the Price entered for the work order scope as the Price Total. The Profit is then calculated as the Price Total less the Cost Total.

Time and Material  For these scopes, the SM Work Order Cost Detail form provides additional fields for entering markup rates for cost estimates, which are then used to calculate pricing estimates. The system sums the cost estimates and pricing estimates to determine the estimated Cost Total and Price Total (respectively) for the work order scope. The Profit is then calculated as the Price Total less the Cost Total.

Job Work Order, Actual Cost  For scopes on these work orders, the system uses the estimated labor hours and total cost estimates to derive the budget Labor Hours and Cost Total, respectively. However, since no markups or pricing estimates are defined for these scopes, no Price Total or Profit will be calculated.

Job Work Order, Markup  For scopes on these work orders, the SM Work Order Cost Detail form provides additional fields for entering markup rates for cost estimates, which are then used to calculate pricing estimates. The system sums the cost estimates and pricing estimates to determine the estimated Cost Total and Price Total (respectively) for the work order scope. The Profit is then calculated as the Price Total less the Cost Total.