How hire pricing works

Hire pricing can be where hire businesses quietly lose money — the bank holiday charged as three normal days, the four-week hire billed at the daily rate. Turbo prices these by rule.

Choose your pricing model

Under Pricing Rules:

• Price Per Day, Week, Month
• Price Per Week Only — for businesses that never price by the day

When a hire becomes a week, and a week becomes a month

Under Pricing Sequence:

• Week Pricing starts after [x] days
• Month Pricing starts after [x] days

So a hire automatically moves onto the better rate once it passes your threshold, without anyone re-rating it.

Part periods

Charge additional days instead of part of the WeekMonth decides what happens when a hire runs over. Charge the extra days, or charge a full period.

Weekends

• A Week End is [x] days
• Price any two day period as a Weekend

Note: "The weekend rate will only be taken into account when the Hire starts on a Friday."

That's the Friday-out-Monday-back hire, priced as a weekend rather than as three days — which is what customers might expect.

Bank holidays

A Bank Holiday is [x] days, with the same condition: "The Bank Holiday rate will only be taken into account when the Hire starts on a Friday."

This is the one that pays for itself. Every bank holiday weekend, a hire desk pricing manually could run the risk of either overcharging or undercharging. Set once, applied every time.

Keeping pricing live

Keep the Hire Contract pricing live (recalculate it every night) re-rates open contracts nightly, so a contract that has crossed from days into weeks is priced correctly the next morning rather than at off-hire.

Overriding it

The quantity entered in the Hire Contract is the number of DaysWeeksMonths to invoice for. This will overrule the live pricing — for a fixed-term deal agreed up front.

Where the rates themselves live

The rules above decide how a hire is priced. The rates themselves are set on the hire product. Go to Stock → Hire Products — the list carries Price Per Week as a column, and Add product puts a product into hire. Open the product to set its rates.