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Pricing can be calculated by a Formula, a fixed amount per item, a price per UI, a Code Table or a combination of Formula and Code Table using the Pricing tab.
See also: Set up Fitting and Labor Charges
Mat Design, Hardware, Extra, and Fitting sidebar screens are similar in layout and provide the opportunity to price items, services or labour.
There may even be items listed in these groups with which no prices are associated, e.g. wire hanger, shrink wrap, reverse bevel. These ‘no cost’ items serve to inform the framer of items or labor used on this project.
FrameReady allows for unlimited labor and fitting charges, for example polystyrene frames which take more effort to glue. You can charge different prices for joining different types of frames.
In the Price Codes file make sure you have a separate record for each type of joining. These will all appear in the drop-down list on the Work Order screen under Fitting. You may want to have quite a detailed list for the designer to choose from. Also include a charge for fitting a mat into a readymade or customer’s own frame!
A combination of a Charge Per
UI plus a Set Price,
e.g. labour charge. The UI
is based on the frame width and height rounded up to the nearest inch.
For example, a V-groove where a labor charge of $3.00 is applied plus
$0.15 per UI to accommodate various mat sizes.
Straight Charge per UI.
For example, a charge for doing an
inlay mat.
A single Charge or Set Price for items that are not
affected by the size of the frame.
For example, custom mat corners where
the size of the mat has no bearing on the time you spend laying out
and executing the cuts.
After customizing your lists in each of these groups, you will want to review the default pricing for each item and adjust it to suit your business.
You will need to set up the pricing for the items in Mat Design, Hardware, Extra and Fitting. This pricing is based on either a set price, price per united inch, combination of these, or a code table (or pricing chart).
Tip: If you haven’t raised your prices in a few years, this might be a good time to do it; while you are looking at your current pricing system.
In Price Codes, click on the group sidebar button, e.g. Mat Design
Click List View to see items in that group.
While in List View,
select an item by clicking on the item
name shown.
The screen switches back to form
view.
If applicable, enter a wholesale cost into the Cost field (blue box on left)
Click on the appropriate Pricing
tab, i.e. Mat Design Pricing, Extra
Pricing, Fitting Pricing, Hardware Pricing.
Inside the Pricing tab, are several
pricing options:
Set Price
Price per United Inch
Set Price + Price per UI
Minimum + Price per UI
Code Table
The Set Price field is a flat rate amount, e.g. Shop Hour Rate = $70. The retail price is the same regardless of the size.
Enter the amount into the large field below the Set Price = box.
You can also add equations such as 10
+ 2 .
The “Set Price =” box shows the answer
of 12.
To price by an amount per United Inch, use the Price per UI field, e.g. Glass Cleaning = $0.20 per UI
Enter the amount as a decimal, e.g.
0.2, into the Price per UI
field.
The calculated prices in the Pricing
Sampler update.
You can combine the Set Price and Price per UI by entering values in both fields. This often give a better pricing balance.
Remember:
the Set Price affects the smaller sizes the most
the Price per UI affects the larger sizes the most
You may need to click on the Reset Size Defaults button to see the calculated prices in the Price Sampler, e.g. Fillet Fit price increases gradually with size but small sizes still maintain a nominal fee.
You can set a Minimum Price value if you want to adjust low prices and bump them up to a fixed minimum. To illustrate how this work:
Create a temporary Price Code Item
In that group's Pricing
tab, set a Price per UI of
0.2
The calculated prices in the Pricing
Sampler update: a 5x7 is 3.00
Switch from the Set Price tab to the Minimum tab and enter 10
The calculated prices in the Pricing Sampler update: a 5x7 is now 10. Scan the price column to see how the values have been adjusted.
This method is best when you wish to duplicate a price chart for which you do not know how the pricing was devised, e.g. supplier generated chart, or cannot duplicate with any of the methods listed above.
You will need to recreate the chart in what we call a Code Table which is based on united inches or on a set size, e.g. 32x40. Then apply the code to the item which will reference the table for pricing. (See Code Tables)
Use the yellow arrows at the top of the screen to move through your records one at a time to price each item in the group. You can always come back later and tweak your prices; so don’t worry about making them absolutely perfect the first time.
Once you have finished the pricing for Mat Design, Hardware, Extras and Fitting, it is time to look at the pricing for the next group: Pricing Mounting and Glass.
There are multiple screens for setting price defaults: one each for moulding, matboard, fabric, glass and mounting.
See also:
Pricing Options and Defaults for Moulding
Pricing Options and Defaults for Matboard
Pricing Options and Defaults for Fabric
Pricing Options and Defaults for Glass
Pricing Options and Defaults for Mounting