The resulting Total Cost column and schedule is in Figure 4. Type in Total Cost for the Title, Figure 3. Right click on the cost column, Figure 2, and select ‘Field Settings’ from the popup menu. We first want the cost column to reflect that it is the total cost of each activity and the entire project. We also want it included in the total cost summation. We would like this fixed price cost to appear in our schedule as a line item. This fixed price task cost includes any labor, material, and equipment costs. The subcontractor insulating the pipe agreed to do the entire pipe insulation effort for a fixed price of $8000. Note, in particular, ‘Insulate Piping’ has no assigned cost. Most, but not all, tasks in this schedule have been assigned labor and material costs. Our demonstration pipe repair and improvement schedule is in Figure 1. This article demonstrates the process of assigning fixed price task costs to tasks in Microsoft Project 2013. How do we specify fixed price task costs in Microsoft Project? These fixed price contracts transfer the risk of not meeting cost estimates and/or goals onto the subcontractor. Fixed price costs are procurement contracts where the subcontractor performs a task at an agreed upon price, regardless, of the final labor, material, and/or equipment costs. This cost summation also includes any fixed price costs. The sum of labor, material, and equipment costs in Microsoft Project is displayed in the cost column. You can also display fixed costs in their own separate column.
#Ms project costing plus#
This cost is the sum of all task costs, plus any fixed costs.
Microsoft Project has a cost column to display the total cost of tasks. Using Microsoft Project and fixed price task costs.