How do I apply full cost of a vendor contract?

Is the $65k is being charged to the client? If so making it a fee will update the calculations. The expense is what the item costs you and isn't used in the project dashboard calculations since they do not include any costs. The fee is what is being passed onto the client and can include any markup. The "total work" value on the dashboard includes billable work and fees.

Intervals is very light on tracking expenses and profitability and is geared toward tracking revenues and what a client pays/owes. Intervals does not attempt to replace accounting software packages. Although work types / rates are meant to be a client facing hourly rate I know some people have spun it around and used the hourly rate as the cost per hour. When doing this all of the reports become cost centric instead of revenue centric. For non hourly items expenses are not used in any calculations at this time but they can be exported to a spreadsheet and manipulated. The project landscape report does show both expenses and fees. If you just need to keep track of a total per project that might be an option. After running the report if you click on the "budget & invoices" tab there are columns for budget, work, fees, expenses, payments, etc. If that doesn't do it depending on how you are using Intervals you might try adding it as a fee to see how it impacts the calculations and reports. The project activity report has an option to include fees and will show all fees for a project for a given time period.

Have to agree with WisTex on this one.

I often employ freelancers on a per-project basis and it would be fantastic to set their rate/hours in the budget somehow and have that deduct from the billable amount. Would mean it's easier to calculate the actual income per project.