The Cost tab in the Project Estimates form allows users to enter and manage all cost-related data for a project when the estimation method is set to Independent Calculation of Costs and Revenues. This means cost and revenue figures are maintained and calculated separately.
Differences Based on Revenue vs. Independent Calculation
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The Fill by Revenue button is available on the Costs tab of the Project Estimates (create) form when the estimation method is set to Independent Calculation of Costs and RevenuesEstimates form.
When clicked, it automatically fills in cost estimates using the revenue figures already entered on the Revenues tab. This provides a quick way to generate initial cost values, which can then be adjusted manually if needed. This function ensures consistency between projected revenues and expected costs, streamlining early-stage project budgeting.
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The Purchasing Price form lets users select and apply the most relevant price for an item from historical purchase data, supplier tenders, or Suppliers price lists.
Shows quantity and price in AEDaccounting currency.
Includes a toggle for VAT inclusion.
Displays history of purchases by supplier and price.
Allows applying the selected price directly to the estimate.
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Example: A 5% increase on a 658,380 AED budget adds 32,919 AED, updating the cost and reducing profit accordingly.
Pick
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by Resources
The Pick button enables users to select and insert cost items into the Costs tab from various categories, including:The Pick Cost by Resource Types screen allows users to add different types of costs to a project estimates, such as materials, labor, equipment, and subcontracted services.
On the left, users can select a category like Cost of Materials or Subcontract. After choosing the appropriate category, the related cost items appear in the list on the right. From there, users can pick items like concrete, furniture, or labor services.
The selected items are shown at the bottom, where quantities, prices, and VAT can be entered. Once done, clicking Add Picked Costs will add these items to the cost tab of the project estimates. This function is especially useful for custom projects, where cost structure is unique.
Employees (Labor costs)
Inventory items (Materials)
Fixed assets (Equipment use)
Subcontractor services (e.g., construction, external labor)
This speeds up cost entry and helps ensure items are categorized correctly based on the type of expense.
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Pick by Templates
The Fill by Pick by Templates feature allows users to load predefined sets of cost structures into the Costs tab. These sets are drawn from other projects marked as templates.
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