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Pricing of function line items and room block line items is performed by an administrator. The administrator defines prices for function spaces, sleeping rooms and catering products. The administrator or event manager may also define negotiation rates for sleeping rooms. The administrator may also define discounts that are automatically applied to quotes. However, it is also possible to manually apply a negotiated price to function line items in a quote, and to manually apply a discount price to room block line items in a quote.
This task is a step in Reviewing Revenue Estimates for Quote Functions.
In function line items for a quote, you can specify a negotiated price. For example, a customer may have special negotiated prices for certain event packages that can be reflected here. You can specify a negotiated price and also specify a discount percent or amount, independently of each other. This allows you to choose, item by item, whether or not to give a discount on top of a negotiated rate.
In room block line items for a quote, you can specify a discount price. If you enter a discount price, you cannot enter a discount percentage or a discount amount. The Discount Price, Discount %, and Discount Amount fields are mutually exclusive.
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