Different Hourly Prices

The pricing system is implemented for both allocated hours (forecast) and actual hours (realizations) separately.


Pricing the Allocations (forecast price)



Below is an explanation for these starting from the strongest one.

1a) Project role's hourly rate / pen icon


Specific roles can be priced straight from the project's dashboard by hovering over it and clicking the pen icon and inserting a value in the field 'Hourly rate'.

1b) "Copy people prices to their project forecast prices" in Price Models


Price model's prices are most commonly used for actual hours, but by ticking the checkbox underneath them you can also reflect these changes to forecast prices.
Remember to tick the checkbox (circled in blue) if you are interested in forecast pricing

Note: The 'Valid from' value plays no role if the checkbox is used to forecast allocations; allocations are always priced from beginning to end.

Examples for price model can also be found from the Project's Actions, under "Price models"

2) Project invoicing price groups


These can currently only be created and modified from our customer API's. Both invoicing price groups and project invoicing price groups must be set for these prices to come active. These features are explained in more detail at API pages: Invoicing price groups and Project invoicing price groups

3) Person's forecast price


This value can be set in the Person's Dashboard or in the Admin view. This price will be used if the project has no specific prices for the person or task already set.

Our user's forecast price is set to 150€ per hour


4) Role's global hourly rate


This can be set in the admin panel's "Roles" tab. This price will be used if the project has no specific prices for the person or task already set.

Our CEO's forecast price is 46€ unless a stronger forecast pricing is set


5) Global hourly price


By default every Silverbucket environment has a "global hourly price" which will be used if no other price is set. This global hourly price is set to zero by default. If you wish to change this please contact support@silverbucket.com


Pricing the actual hours (realization hours)


In 99% of the environments the actual hours are priced with the price models. Options 2 & 3 can only be used if your key account manager recommends it.


Price models


In the price model view you can decide if you want to price the task, the people or give a default value for all the actual hours registered for this project. If multiple values are added, the hierarchy goes from top to bottom:

Task Prices > People Prices > Other prices

If Kevin registered hours for 'Customer Support' task the price would be 25 (from the people prices). If Kevin registered hours for 'A Brand New Project' task the price would be 50; tasks being higher in hierarchy


Actual hours are registered in the system in two possible ways:

A) by using Silverbucket's own Timesheet-feature. The timesheet functionality in Silverbucket allows its users to enter their work hours in the system, which are then used to calculate prices under these rules.

B) by importing them from a different system through an integration. In this case the price information regarding actuals will usually be imported as well.
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