When are Cost and Charge Rates used?

Cost Rates are used to calculate Project profit margins in CMap. You can use Cost Rates to work out how much you should be charging the client, as the Charge Rate should be the Role Cost Rate + Margin. Just to note, the Role Cost Rate is either an average of everyones individual Cost Rates or the highest person's individual Cost Rate. 

Cost Rates are used to calculate Project profit margins in CMap. You can use Cost Rates to work out how much you should be charging the client, as the Charge Rate should be the Role Cost Rate + Margin. Just to note, the Role Cost Rate is either an average of everyones individual Cost Rates or the highest person's individual Cost Rate. 

Learn more: Want to learn more... here's an article on Role Cost Rates.

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