What are rate modifiers?

Rate modifiers are used with resource costing information to calculate schedule and task costs and are defined by billing types, rates, and currency.

Types Types are either a multiplier or a custom rate.

Rates Rates depend on the type:

• If the type is a multiplier, the rate is calculated by multiplying the time used by the resource by the hourly rate of the resource by the value of the rate box in the Manage Rate Modifiers dialog box. Rates are decimal values, for example, 1.0 or 1.5.
• If the type is a custom rate, the rate is calculated by multiplying the hourly rate of the resource by the value of the rate box in the Manage Rate Modifiers dialog box. Rates are decimal values of the specified currency.

Currency Currency is the currency used in the calculation of the schedule or task cost.