Cost Based Pricing is a pricing method where the costs of Components - including Material cost, Labor cost, and Machine cost - are added together to establish a total cost. A margin or markup is then applied to calculate a price. Because pricing adjusts automatically with changes to production costs, Cost Based Pricing is the recommended method for most sign industry workflows. CoreBridge supports both Cost Plus - Margin and Cost Plus - Markup pricing, which are configured in Products.
Note: CoreBridge also supports Market Based pricing and Custom Formula pricing. For more information on Market Based pricing, see Market Based Pricing. For help with custom formulas, tables, or pricing, contact your Customer Success Manager at supportdesk@corebridge.net.
Table of Contents
- Setting up Cost Plus - Margin Pricing
- Margin Table Option
- Setting up Cost Plus - Markup Pricing
- Markup Table Option
- Related Articles
Setting up Cost Plus - Margin Pricing
In Cost Plus - Margin Pricing, the system calculates total cost from Material, Labor, and Machine cost Components, then applies a margin to determine the final price. Optional custom charges and waste calculations can be added before or after discounts are applied.
Navigate to Settings / Components / Products and Modifiers and select the appropriate Product.
Pricing Method
1. Click Pricing.
2. Select Cost Plus - Margin.
3. Enter the desired Margin % or enable the Use Table feature. For more information for tables, see below or contact your Customer Support Manager at supportdesk@corebridge.net.
4. Under Minimums, enter values as needed.
a. Per Item Minimum - Sets a minimum price per item. This charges a minimum regardless of quantity and/or total calculated price.
b. Total Price Minimum - Sets a minimum total price for the Order.
5. Under Fees, enter values as needed.
a. Per Item Quantity Fee - Adds a fee per item quantity to the calculated price.
b. One-Time Fee - Adds a flat one-time fee to the calculated price.
6. Under Discounts, enter a Viewable Discount to apply a percentage or dollar amount discount visible to the Customer.
Margin Table Option
Build margin and/or discount tables to apply to total cost. For help with custom tables, contact your Customer Support Manager at supportdesk@corebridge.net.
1. Enable Use Table
2. Click Edit Margin Table.
3. Enter Total Area ranges.
Note: Click the Plus icon to add more columns with additional area breaks as needed.
4. Enter markup percentages by Total Area.
Example: A total area of 1 square foot would have a 50% margin added to calculate price. A total area of 20 square feet would have a 45% margin added to the calculated price. All values can be customized.
5. Click Add Pricing Tier.
Note: Tables are built on a default pricing tier. Additional tiers, such as Wholesale, can be added at System Settings / Sales Settings / Pricing Tiers.
6. Select Pricing Tier from the menu.
7. Enter percentage.
8. Click Done.
Setting up Cost Plus - Markup Pricing
In Cost Plus - Markup Pricing, the system calculates total cost from Material, Labor, and Machine cost Components, then applies a markup percentage to determine the final price. Optional custom charges and waste calculations can be added before or after discounts are applied.
Navigate to Settings / Components / Products and Modifiers and select the appropriate Product.
1. Click Pricing.
2. Select Cost Plus - Markup.
3. Enter the desired Markup % or enable the Use Table feature. For more information for tables, see below or contact your Customer Support Manager at supportdesk@corebridge.net.
4. Under Minimums, enter values as needed.
a. Per Item Minimum - Sets a minimum price per item. This charges a minimum regardless of quantity and/or total calculated price.
b. Total Price Minimum - Sets a minimum total price for the Order.
5. Under Fees, enter values as needed.
a. Per Item Quantity Fee - Adds a fee per item quantity to the calculated price.
b. One-Time Fee - Adds a flat one-time fee to the calculated price.
6. Under Discounts, enter a Viewable Discount to apply a percentage or dollar amount discount visible to the Customer.
Markup Table Option
Build markup and/or discount tables to apply to total cost. For help with custom tables, contact your Customer Support Manager at supportdesk@corebridge.net.
1. Enable Use Table
2. Click Edit Markup Table.
3. Enter Total Area ranges.
Note: Click the Plus icon to add more columns with additional area breaks as needed.
4. Enter markup percentages by Total Area.
Example: A total area of 1 square foot would have a 50% markup added to calculate price. A total area of 20 square feet would have a 45% markup added to the calculated price. All values can be customized.
5. Click Add Pricing Tier.
Note: Tables are built on a default pricing tier. Additional tiers, such as Wholesale, can be added at System Settings / Sales Settings / Pricing Tiers.
6. Select Pricing Tier from the menu.
7. Enter percentage.
8. Click Done.