What Is Base Price?
By default, your pricing strategies and margins are calculated off your Costs.
If your company doesn’t set prices that way and instead you set up your pricing adjustments from some other price factor, you can enable Base Price. This will utilize the base price values you upload as your starting point to calculate the pricing strategies from.
Your two pricing options are:
- Cost + Margin = Price
- Base Price +/- Price Adjustment = Price
How To Enable Base Price
Navigate to:
Quote Settings > Tiers & Strategies
Quote Rules > Cost Setup
Under Cost Setup, you will see how your pricing is currently configured.
To use Base Price:
- Click Edit (inside the Action Menu, the 3 dots on the right side)
- Toggle to Base Price
- Save your changes
Once Base Price is enabled:
- Your material strategies automatically update to calculate from Base Price.
- You can apply negative price adjustments if needed.
What Changes in an Estimate?
When Base Price is enabled, the Margin column is replaced with a new column labeled Percent Adjustment.
You will see this ‘Quote View’ when creating a new estimate or viewing an estimate in the ‘Action Required’ state (after your customer hits a boundary and is waiting to see a price).
Percent Adjustment allows you to adjust the percentage of price increase or decrease from the Base Price of each line item based on your pricing strategy, and you can manually override this value.
