Renewal Contracts Pricing

You can set up renewal rules that apply to both, manual renewals and automatic renewals. Pricing methods specify how the contract can be priced at renewal. You have three pricing methods:

• Reprice: Selection of this method reprices the contract on renewal.

• Markup Percent: Selection of this method adjusts the price up by the percentage you enter.

• Markdown Percent: Selection of this method automatically adjusts the price down by the percentage you enter.