**Rate type The name of this labor rate type. For example, rate types may include Regular time, Overtime, and Holiday pay. You can enter up to 50 characters. If this box is left blank, an error message will appear. See Also Time card grouping Select the type of time cards that will be created with this labor rate type: • Regular time cards • Overtime time cards These groupings can be used to filter and sort lists of time cards. See Also Default cost type for expensed costs The default cost type for this labor rate type. This is the cost type that will be used when a timecard using this labor rate type is charged to a regular maintenance work order. Note: You can only select a cost type that is available for use with labor transactions. Click Browse to select the appropriate cost type. See Also Default cost type for capital costs The default cost type for capital costs for this labor rate type. This is the cost type that will be used when a timecard using this labor rate type is charged to work orders for capital projects. Note: You can only select a cost type that is available for use with labor transactions. Click Browse to select the appropriate cost type. See Also Description The description of the item. You can use this box to include any additional details.