How to Work with Rate Costs in Microsoft Project 2016

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During this Microsoft Project 2016 advanced training tutorial video, we will talk about cost rates and changes in cost rates.
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Hello again and welcome back to our course on Project 2016 Advanced.
In this section we’re returning to a version of the website project and we’re going to look at cost rates and changes in cost rates.
I’m sure you’re familiar with assigning resources to tasks and we’ve already looked at calculations involving cost of resources working on tasks. But sometimes when you assign a resource to a task there may be the added complication that the rates that you pay for that resource will depend on the particular tasks that the resource is being assigned to.
So this is the Resource Sheet for version 05 of the website project. And if you look at the standard rate, overtime rate and cost per use columns for the resources you can see, for example, that for the generic resource Northern Farm Foods we have a standard rate of $35 per hour and overtime rate of $35 per hour. I should point out that in this section we’re working on the principle that everything is chargeable. So we’re working out a full cost for this version of the project. Even though money won’t necessarily change hands in all cases we need to know the cost of producing this website. So even time attributed to the Northern Farm Foods team, the customer, will still be charged at least on paper.
And then back to the Resource Sheet. So for each of the resources there we have generally speaking a standard rate and then overtime rate. One case in particular we don’t have an overtime rate is the contract consultant at the bottom there but that’s because their contract consultant works on a cost per use basis.
Now when you set up these resources those rates that you enter in columns like standard rate, overtime rate are treated as what are called the A rates. So they’re the default rates for those resources. So if I looked at Mark Ravenswood, for example, select him in the list, right click, click on Information, and then click on the Cost tab you’ll see that that is Mark’s A or default rate for the work that he does. Standard rate $35 per hour, overtime rate $50 per hour, per use cost zero. In addition to that A rate Mark can have a B rate and a C rate and a D rate and an E rate. And if I just go back to the A rate again, in addition we can schedule changes to any of those rates. Now I’m going to come back to rate changes a little bit later in this section. So let’s stick with the A default for Mark at the moment. I’ve not made any changes so I’ll cancel that. And I’m going to switch now from Resource Sheet view to Resource Usage view.
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[@ravindrankrishnan2964]

Hi, Pls put Video for cost loading. Where BOQ is available with Qty and Rates are also available ( Post Civil construction item Rate contracts ). Rates are on per Cum and per Sqm basis...