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Price Formulas |
  
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Price Formulas |
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All available price formulas (for the deal) are setup in this area. The setup up of these formulas is IDENTICAL to the setup of the price formulas for the contract. Therefore details about the setup can be obtained from the contract price formulas area within this manual. For the most part, once a formula is setup on the contract, there is seldom a need to set the formula up on the deal (the EnergySteward.com contract-to-deal automated synchronization takes care of this). There might be some situations which you might not want to enforce the contract-to-deal synchronization.
There are just a few exceptions/points about the deal price formulas (as compared to contract price formulas) which are different, these include the following:
| • | Add/Update Formula Restrictions - The underlying contract for the deal can be setup to only allow changes to the formula from the contract (ie.. no deal level changes). The contract general information area within EnergySteward.com contains these settings. If the contract allows for deals to setup their own formulas, then the 'Add Price/Cost Formula' will be available (to add a formula which does not exist on the contract). |
| • | Version # - Price formula's on a contract might change, over time. Sometimes these changes are done against a formula which has already been used on a 'Frozen' production month. EnergySteward.com will automatically synchronize to a new version (of the contract formula) to the deal(s) AND retaining historical versions which are still associated to the 'Frozen' production months. This provides for automated historical tracking and preservation of pricing rules between the contract and deals. Important note: If the contract price formula changes on the contract AND the corresponding deal price formula has yet to be frozen in a production volume, then the formula will update with no corresponding version increment. The synchronization process will only create a new version of the price formula if the previous version is associated with a frozen production volume. |
| • | Sync ? - This is a Y or N. The price formulas which are still synchronized with the underlying contracts will show a 'Y'. When a price formula becomes historical (a new version is created) then it's synchronized flag is set to a 'N'). |
Edit (pencil button) - Click this in order to browse or update (if applicable) the price formula.
Delete (red 'X' button) - Click this in order to delete (if applicable) the price formula.
Transfer To Contract Formula (contract button) - Click this to transfer to the contract price formula which is synchronized to this formula.