---
title: Create a contract rate card
description: You can create rate cards to track contract expenses. Rate cards help to record and allocate costs.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-service-management/contract-management/t\_ContractRateCardsAndExpenseLines.html
release: australia
product: Contract Management
classification: contract-management
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 2
breadcrumb: [Contracts, Contract Management use, Contract Management, Asset Management common applications, IT Service Management]
---

# Create a contract rate card

You can create rate cards to track contract expenses. Rate cards help to record and allocate costs.

## Before you begin

You must activate the Cost Management plugin to use rate cards.

Role required: financial\_mgmt\_user, asset, or contract\_manager

## About this task

A contract rate card provides detailed price information for a contract and enables you to generate expense lines for recurring expenses automatically. There can be multiple rate cards for the same contract.

Consider the following case: an organization has a contract with a third-party company, which oversees technical operations in the organization's data centers. The contract costs to use a specific server model in the New York data center are different from using the same server model in the Madrid data center. There are two rate cards to detail these costs separately.

## Procedure

1.  Navigate to **Contract Management** > **Contract** > **All**.

2.  Select a contract.

3.  In the **Contract Rate Cards** related list, click **New**.

4.  On the Contract Rate Card form, fill in the fields.

    For a description of the field values, see [Contract Rate Card form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/ContractRateCardForm.md).

5.  Click **Submit**.


-   **[Contract Rate Card form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/ContractRateCardForm.md)**  
The Contract rate card form enables you to generate expense lines for recurring expenses automatically by providing detailed price information for a contract. There can be multiple rate cards for the same contract.
-   **[Create a new expense line](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/t_CreatingANewExpenseLine.md)**  
Typically, expense lines are automatically generated based on assets or users, but you can create a new expense line manually if needed.
-   **[Generating expense lines based on assets or users](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/t_GenExpnsLinOnAssetsUsers.md)**  
An expense line is an expense amount at a given point in time and the record that incurred or generated the expense. You can generate expense lines based on assets or users assigned to the contract.
-   **[View contract expense lines](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/t_ViewingContractExpenseLines.md)**  
Use the **Expense Lines** related list or tab to view and audit all the expenses recorded for a given contract.

**Parent Topic:**[Contracts](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-service-management/contract-management/c_Contracts.md)

**Related topics**  


[Create a contract]()

[Adjust a contract]()

[Verify contract administrator assignment for notification]()

[Send the contract for approval]()

[Terms and conditions]()

[Monitor a contract]()

[Allocating expenses](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-business-management/c_AllocatingExpenses.md)

[Use business services with expenses](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/it-business-management/c_UseBusinessServicesWithExpenses.md)