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Using the Configure Price Feature

Rendering visuals with The KITS collaborator and applying the KITS Configure Price/Configure Pricing features can truly help accelerate the sale.

To fully access the KITS Pricing feature, you will need to toggle on Display Cost Price in the Project Settings under List View.

Continue with your project and when ready, you can access the pricing feature at the item level by clicking/tapping on Configure Price in the Edit Menu:

or by clicking/tapping on Configure Prices in List View.

The pricing window will pop up and you will now have access to the following editable values:

When considering pricing for your project, youll needtodetermine the overall value of services provided to the client and indicate that in your project pricing. Best usecase scenario can include a variety ofpricingcombinations such as entering your Cost Price to determine where you need to start. Then adjusting your final Sell Price to include dealer margins to maximize your Gross Profit.

List Price: Manufacturers catalog pricing

Price Zone – Indicates the current activecatalogprice list. You can select from different price lists provided by the manufacturer such as US or Canadian pricing.

Pricing Method:

List Plus – Increasing list price by percentage provided.As a best practice,you can use this toincrease the list price of an item whencatalogpricingupdates arenot yet updated in the current catalogin KITS.

Flat Amount – To provide flat amount pricing for the current item.

If required, select the pricing method and add the respective value in the next line. This will now provide you with an adjusted List Price.

Sell Price: Final Sell price of an item. Can be calculated with various discounting methods.

Discount Method:

List Less – Providing a percentage discount from list price of an item.

Flat Amount – To provide flat amount pricing for the current item.

Cost Plus – (Markup Percentage) To markup the price of an item by adding a percentage to the cost of an item.

Gross Profit % – (Margin Percentage) Is the measure of profitability of an item.

Select the discount method and add the respective value in the next line. This will now provide you with the final Sell Price of the item.

Cost Price: Discounted value, Dealer Cost, provided by the manufacturer. Can be calculated with various discounting methods.

Discount Method:

List Less – Finding the cost of an item by reducing the value with a percentage provided.

Flat Amount – To provide flat amount pricing for the current item.

Select the discount method and add the respective value in the next line. This will now provide you with the Cost Price value of the item.

You can reference the chart below for common pricing calculations used:

The KITS Pricing method also applies to freeform items that are added to the project.

When importing a SIF file with price adjustments, pricing will also import into KITS. Activate the Display Cost Price feature in your Project Settings prior to importing to populate this value. Only those values recognized in KITS will populate.

Click here to learn more about Importing DWG & SIF Files into KITS

Once the project is complete, continue to create a Quick Sheet. When a Project Quick Sheet is created, only List Price and Extended values are shown.

To hide the discounted value (green text), you will need to toggle Discounting off in the quick sheet.

Creating detailed pricing in KITS can improve your understanding of your dealer pricing for the manufacturers you sell. As a best practice, whether you are working on a project or not, you can increase your product knowledge and product pricing by using KITS to determine what your selling values are. Being prepared by knowing which items can get you into budget is all too important in providing your clients with quick solutions with high value. With great visuals and detailed project estimations, youll be able to improve your KITS experience and begin accelerating those sales.