Standard Rate Bill Types

Bill type settings determine the bill types that can be applied to standard rates on a job order and when the system calculates rate estimates for a job order.

Bill types determine the type of margin or markup that is applied to calculate the bill rate (rate at which a job is billed to a debtor). The table below lists and explains the bill types that can be applied.

Bill Type	Description

Bill Type	Description
Margin Percentage	The bill rate is defined as a profit margin percentage. For example, a rate value of 50 indicates that a 50% profit margin will be applied to the pay amount in order to calculate the bill rate. Therefore, if the pay amount is $350.00, the client is billed $525.00 (350/(100%-50%)) plus any applicable bill oncosts.
MarkUp Dollar	The bill rate is defined as a monetary markup value that is added to the pay amount. For example, a rate value of 120 indicates that $120.00 dollars will be added to the pay amount. Therefore, if the pay amount is $350.00, the client is billed $470.00 ($350.00 + $120.00) plus any applicable bill oncosts.
MarkUp Percent	The bill rate is defined as a markup percentage added to the pay amount. For example, a rate value of 120 indicates that 120% of the pay amount is added to the pay amount. Therefore, if the pay amount is $350.00, the client is billed $770.00 ((1+120%) x 350) plus any applicable bill oncosts.
Flat	The bill rate is defined as a fixed monetary amount. For example, a rate value of 1200 indicates that the client is billed $1200.00 plus any applicable bill oncosts.
MarkUp Factor	The bill rate is defined by multiplying the pay amount by a markup factor. For example, a markup factor of 2 indicates that the bill rate is calculated by multiplying the pay amount by a factor of two. Therefore, if the pay amount is $350.00, the client is billed $700.00 (350x2) plus any applicable bill oncosts.
Custom Bill Rate Formula	If selected, the bill rate can be based on a custom bill rate formula, as configured in Rates and Rules > Maintenance > Custom Bill Formulas.

The bill type settings are split into two areas:

standard rate bill types
job estimate margin/markup.

Standard Rate Bill Types

Standard rate bill types define which of the bill types that are listed in the table above can be applied when defining a set of standard rates to a job order, depending on the country to which the job order belongs. The bill types that are selected for a given country can be selected in the Bill Type column on the Standard Rates screen in Recruitment Manager when defining the standard rates for a job order that belongs to the corresponding country. An example of this is highlighted below.

Where multiple standard rate bill types are selected in the country settings for the country to which a job order belongs, the front office consultant who selects a set of standard rates on the job order can choose the appropriate bill type from a list of the applicable standard rate bill types. If there is only one standard rate bill type selected for the country of the job order, the Bill Type column on the Standard Rates screen displays the applicable bill type and cannot be changed.

It is mandatory to select at least one standard rate bill type when configuring a set of country settings for a country.

Job Estimate Margin/markup

The job estimate margin/markup determines the calculation type that is used for the rates estimates, as displayed in the Estimated Rates field grouping on the Pay/Bill tab of a job order for a temporary position in Recruitment Manager, depending on the country to which the job order belongs. This is highlighted in the example below.

If a pay code that exists in the job order agreement or standard rates is flagged as Include in Job Rate Estimate, the following is displayed in the Estimated Rates section of the job order:

a pay rate representing the rate of the pay code that is flagged as Include in Rates Estimate
a bill rate, which is calculated by applying the estimated pay rate in the formula that is selected in the Job Estimate Margin/Markup field in Country Settings > Bill Type
the calculated margin/markup amount, depending on the margin/markup type that is applied.

If multiple pay codes that existing in the job order rates are flagged as Include in Job Rate Estimate, the pay rate shown in the Estimated Rates section of the job order, and used in the calculation of the estimated bill rate, is an average of the rates for each of the flagged pay codes.

It is mandatory to select a job estimate margin/markup rate type when configuring a set of country settings for a country.