A Price Scheme defines the method used for calculating the price for a piece of equipment. The price scheme works with the daily rate of the equipment. A different price scheme may be assigned for each currency (A, B, C, D) or you may assign additional price schemes using the extended pricing.
Price schemes are created/edited from the Prices/Locations tab of the equipment book.
There are four different types of Price Scheme: Normal, Extended, External, and Consumable.
The Normal Price Scheme is suitable for most companies within the United Kingdom or North America. This works using a series of Blocks. For instance 1 day is 1 times the daily price and a 7 day hire is 3 times the daily price.
The Extended Price Scheme was designed for some European companies, but has largely been superseded by use of the External Price Scheme. This Price Scheme works on the basis of 'for each of the next 5 days, increase the charge by 0.5 times the daily rate, then for the next 14 days increase the charge by 0.1 times the daily rate'.
The External Price Scheme works by example. An External Price Scheme Editor allows you to create a spreadsheet style where the computer looks up the length of hire in the first column and then multiplies the daily rate by the figure in the second column. Up to 10 different External Price Schemes are available.
The Consumable Price Scheme is a System Price Scheme and is not editable. This price scheme charges one times the daily rate for the entire rental period, regardless of the number of Hiredays. It is to be used on expendable or consumable stock such as gel, tape, etc.
HireTrack Eclipse comes installed with a standard 3 day week to get you started. You can edit this Price Scheme or create your own.
