Different Hourly Prices

The pricing system is implemented for both allocated hours and actual hours. By default every Silverbucket environment has a "global price", which will be used unless other prices are set by the users. By default, the global hourly price is set to zero and so the prices for allocations and actuals are zero.

Pricing the Allocations

There are five different ways to add a price for allocated hours. Below is an explanation of different types of prices starting from the strongest one.

1. Pricing the project role. Project roles can be priced in two ways: hovering over the desired role on the project's dashboard and clicking on the pen icon or by editing the role in the admin view (Silverbucket admins only)
As you hover over a pen appears


Clicking the pen icon opens a window where the price can be set.
Note: "Rate in use (inherited) 17.50" originates from an hourly price set for the role 'Architect' in the admin view earlier. Values inserted in this view will overwrite the previously inherited hourly price.
Editing the project role called 'Architect'

2. Price models. Price models can be modified on the project's dashboard by clicking on the blue 'Price models' -button, which opens a dialog for setting the prices:
The first rule from top to bottom, that is valid for the actual hours, will define the hourly rate

Hierarchy for which price is to be picked in this view: Task prices > People Prices > Other prices

Note: Hourly prices set in this window are not used for allocations by default. To achieve this the checkbox for "Copy people prices to their project forecast prices" should be checked.
Note2: The 'Valid from' value plays no role if the checkbox is used; allocations are always priced from beginning to end.

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

3. Project invoicing price group. 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

4. Personal global forecast price. This is set in the Person's Dashboard or in the Admin view (only Silverbucket admins). This price will be used if the project has no specific prices for the person or task already set.

5. Roles global hourly rate. This is set in the Admin panel's Role tab (only Silverbucket admins) . This price will be used if the project has no specific prices for the person or task already set.

6. Global hourly price. By default this value is set as zero. If you need to adjust this global attribute, please contact support@silverbucket.


Pricing the Actuals


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 the same rules which apply for allocations and price models, so depending which Project's Price Model -options are used.

Task prices > People Prices > Other prices

B) by importing them from a different system through an integration. In this case the price information regarding the actuals will be imported as well, so separate pricing in Silverbucket won't be necessary.
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