Manually Define Contracted Prices

Define a contracted price record and associate it with a product. This process is useful if you’re uploading records from an external system where you’ve already negotiated for a contracted price. This way, you don’t have contract a quote first to establish the contracted price for your account’s future quotes. You can also use filters to assign the contracted price to groups of items, or apply the contracted price only on certain dates. (Salesforce CPQ Managed Package)

Required Editions

Available in: Salesforce CPQ Spring ’16 and later

1. From your account, find the Contracted Price related list and click New Contracted Price.
2. Set up the pricing information for the contracted price. You can provide either a Price value or a Discount value.
   • Price: Quote lines for the product set their list price to this value.
   • Discount: Quote lines for the product calculate their list price by applying this discount percentage to their price book entry. This calculation ignores any block prices on the product.
3. To apply the contracted price during certain dates, enter values in the Effective Date and Expiration Date fields.
4. To apply the contracted price to several products, specify the filter criteria. For example, you might want to apply the contracted price to all products in the Data Security.

Example Your company sells a server management package for $5000. A sales rep recently agreed to a price of $4000 for all packages sold to their customer between January 01, 2018, and April 01, 2018. On the server management package product, create a contracted price record with the following information.:

• Product: Server Management Package
• Price: $4000
• Effective Date: 01/01/2018
• Expiration Date: 04/01/2018