How to Set Up Financial Management › How to Enable Cost Plus Codes

How to Enable Cost Plus Codes

The cost plus mechanism is used to apply mark-ups. A cost plus code is a set of cost plus rules.

Cost plus rules allow for the mark-up of actual or standard costs. Project managers can associate cost plus rules to their projects to allow mark-up to be calculated using the multiplier (factor), burden, and overhead methods.

Cost plus rules are added to cost plus codes to make up cost plus. Cost plus is used in an existing cost/rate matrix.

To enable a cost plus code, you must:

1. Create the cost plus code.
2. Define at least one cost plus rule for each code and add it to the cost plus code. You can define unlimited cost plus codes or rules.

To delete a cost plus code, select the check box next to it and click Delete. If a cost plus code has been used in a transaction, you cannot delete it.