IntelliBid User Tip : Freeze Vendor Pricing by Item
The Many contractors have negotiated special pricing on specific items based on the volume of business they do with their vendor. For example, your vendor may give you a special price on ½” EMT for a specific period of time. You can Freeze this special price in Item Maintenance so that any automatic price updates done as part of your takeoff will not affect the price for this item.
To freeze the vendor price for an item:
- Go to Item Maintenance
(Note: It is very important that you make sure you have backed up your database BEFORE you change ANYTHING in Item Maintenance)
- Select the Vendor that has given you the special pricing
- Find the item that you want to update
- In the Ven Pr column, enter the new pricing
- Then scroll to the right until you see the Update Vendor column.(Note: The default is a “Checked” box that will re-calculate the Vendor Price whenever the material price changes using the Vendor discount. If the box is “Unchecked” (locked), the Vendor Price will not change with periodic updates. When the material price changes, IntelliBid will update the Vendor Discount but leave the Vendor Price unchanged.
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