There are two ways to change the rate on a Time and Material project and they apply to different scenarios.
 

Scenario 1 is that you have established a negotiated price that differs from your typical rate and you will be doing multiple projects with this customer.  In this scenario it is best to create a custom price list for prices on each role.
 

The second scenario is that you need to update a price for a specific project, this can be done at the project level.
 

To create a new price list, go the Configure area.

 

Select Price Lists and the + icon.

 

Complete the required information and click Save.
 

Add the new rates to the Role Prices area, for further information on creating a price click here.
 

To change the rate on one project you will need to open the project record and navigate to the Team tab

Click on Roles and select the role that you will be updating the rate for.

The role price will default to what is currently in the price list associated with the project, to change it simply modify the Role Price field and click on Save.


To recalculate the sales amount on the project, or update non-invoiced time entries, click on the Recalculate button in the ribbon.