Cost rate is changed

Hi ​@emma_buyer,

When you update project estimates from the Schedule of Work, the system recalculates activity-level estimates and applies them to your project. This is done using the Update Project Estimate command on the Schedule of Work Value Summary page.

Key Points:

• Prerequisites:
  • Estimates must be calculated using the Calculate Value function.
  • The Schedule of Work Estimate must be in Approved status.
• System Effect:
  • Activity estimates are updated based on calculated values in the Schedule of Work.
  • All item lines must be connected to a cost or revenue element.
• Updated estimates can be viewed in:
  • Project Estimate Update Overview
  • Project Estimate Update Detail
  • Project Monitoring

📄 Read full documentation here [docs.ifs.com]

Why does the cost rate change when quantity changes?

In IFS, cost rates often depend on:

• Calculation rules defined in the Schedule of Work (e.g., cost per unit).
• Resource or labor cost elements linked to the work item.
• If the cost element uses a unit-based calculation, changing quantity will proportionally affect the cost rate.