Creating Default Function Space Pricing Rules

The following procedure details how to create the default function space pricing rules.

To create default function space pricing rules

1. Navigate to the Property Pricing Admin screen, then the Properties view.

2. In the Properties list, select the required property and click the link in the Property Name field.

3. Click the Function Space view tab.

4. In the Function Space list create a new record, complete the fields, and save the record.

   The following table describes some of the fields.

   Field	Comments
   Function Space	Select a function space to which this rule will apply.
   Start Date	The date from which this rule will apply.
   Start Day	This field is automatically populated when the Start Date field is completed.
   End Date	The date on which this rule will no longer apply. There is some validation on the Start and End Dates as follows: End Date >= Start Date + 365 This means that a function space pricing rule can only run for one year at the most.
   End Day	This field is automatically populated when the End Date field is completed.
   Day Part	The day part for which this rule is applicable. You must create an individual rule for each day part.
   Type	The type of pricing rule, that is, whether the rule is a benchmark rental rule or is a threshold rule. You must create a set of Rental rules (that is, a rental rule for each day part) and a set of Threshold rules.
   Cascade	Select to apply this rule to all components (or specific spaces) of category or suite functions spaces. Selecting this check box means that you do not have to create a separate rules list for each specific space associated with the category or suite. This check box is enabled only for Categories and Suites. This check box is read-only for specific spaces.
   Monday - Sunday	These fields represent: The benchmark rental price of the function space for each day of the week or The profit threshold for each day of the week If the pricing rule runs for less than one week, then it will only be possible to edit the fields for the relevant days.
   Comments	Comments on the rule.

5. After you have created a pricing rule, click Apply. The Function Space Pricing Controls list is populated with the rules that you have created. Multiple rules can be applied at once by multi-selecting them and clicking Apply.

   You can make direct changes to the prices in the Pricing Controls list. These prices take precedence over the originally created rules.

Note: If you make changes to the function space pricing rules in the Function Spaces list, you must click Apply after making the changes to make sure that they are reflected in the Pricing Controls list.