Contract List Price Rule
A Contract List Price Rule defines the available product on a Pricing Agreement and sets the product’s list price. Products must have a Contract List Price Rule to display as a Contract Line.
Who can use this feature?
- Contract Admins - Browser
- Creating Contract List Price Rules
- End Users - Browser
- Using Contract List Price Rules
- Users do not require an additional license
Configuring Contract List Price Rules for
All Users
To configure this feature:
- Ensure Configuring Accounts is complete.
- Ensure Configuring the Product Catalog is complete.
- Ensure Pricing Agreements is complete.
Creating Contract List Price Rules as
Contract Admins
A Contract List Price Rule applies to a product only if the product’s Product Type field is set to Order.
To create a Contract List Price Rule:
- Navigate to Business Admin > contract_pricing_rule__v.
- Select Create.
- Select Contract List Price Rule via the Contract Pricing Rule Type dropdown.
- Populate the following required fields:
- Contract Pricing Rule Name
- Start/End Date
- Local Currency
- List Price - Set the List Price
- Product - Select the product this rule is applied to
- Optionally, populate the following fields:
- Price Book - Assign the rule to a specific price book instead of applying it globally
- Rule Description - Enter a descriptive explanation of the rule. If used during a negotiation, the Rule Description text is stamped on the Contract Line’s Rule field.
- Select Save.
Using Contract List Price Rules as
End Users
When a product’s Contract List Price Rule applies to a Pricing Agreement, the product displays as a Contract Line and sets the List Price. End users can not edit the List Price.
Once users populate the product’s Quantity field, Vault CRM calculates the List Amount field by multiplying the Quantity by the List Price.
