Reference: Billing Rate Rule Types for Projects

Workday provides 7 billing rate rule types for use in project billing. You can apply the rules and settings you configure on the contract rate sheet to project time and expense transactions. The contract rate sheet calculates the project billing rate at a given point in time. You can also define a

Reset Option

for some rules to enable you to reset contract rates periodically throughout the contract term.

When you add rule types to a group:

Workday applies the override rate rules first and cap rules last.

You can have multiple rules per billing rate rule type.

You can have only 1 of each billing rate rule type in your set.

You can order the rules within each group.

Billing Rate Rule Type	Description	Reset Option	Example
Expense Caps (Expense)	Sets a cap on total expenses for a project or specific expense category.	Yes	Limit airfare to 2,000 USD for the project. Limit total expenses to 20,000 EUR for the project.
Override Rate (Expense)	Sets an override rate as: A percentage (either a mark up or a discount). A specific amount on expense types for the project.	Not Applicable	Fix hotel rates at 250 USD per night. Offer a 20% discount on car rentals. Limit meals to 100 USD per day.
Override Rate (Misc Expense)	Sets an override rate on miscellaneous expenses as a percentage (either a markup or discount) or as an amount on these dimensions: Item (Expense or Purchase) Project Phase Project Task Spend Category Supplier Workers	Not Applicable	Fix car rentals at 40 USD per day. Offer a 15% discount on consulting services.
Override Rate (Supplier Invoice)	Sets an override rate on supplier invoices as a percentage (either a markup or discount) or as an amount on an expense category.	Not Applicable	Set a 5% discount on other billable invoices. Set a premium rate of 15% on all professional services subcontractors.
Override Rate (Time)	Sets an override rate as a percentage (either a mark up or a discount) or as a specific hour or amount on these project dimensions: Project Phase Project Role Project Task Worker	Not Applicable	Set a 20% discount rate for Marion West who's new and still training. Set a premium rate of 10% for all Senior Consultants. Set a premium rate for the design phase of the project since all workers are outside consultants and upper management.
Project Cap (Time)	Sets a limit on each project dimension or to the entire project over time.	Yes	Limit total project time to 2,000 hours. Limit the project billing total to 250,000 EUR. Limit the design phase of a project to 500 hours.
Tiered Rate (Time)	Sets different rates based on tiers (hours or amounts).	Yes	Set the first 50 hours of the project to be free. Set a discount rate of 20% after 500 hours worked on the project. Apply a 20% discount after the project reaches 50,000 USD.