Before you can set up contingent pricing, you need to connect with at least one supplier who sells the product or blending component you need to price contingently. Merchants can only price contingently based on connected supplier’s firm (not indicative) product prices.
Need more information on how to connect with a supplier? Click here.
To set up a contingent price, carry out the following steps:
- Navigate to the Design manager
- Select the product you would like to design a contingent price for from the drop-down menu.
- Select Add Price for the period of your choosing and click Save.
- Click on the Blending tab. Here, for Component 1, switch the Source Type from Originating to Contingent.
- Click the Shop/Select Supplier Pricing button.
- Connected suppliers with price options available to you are shown in the lower right-hand table. Browse these options for the price you would like to base your price on.
- Select the price of your choice. Upon selection, delivery and program discounts are broken out. Estimated taxes, generated by Avalara, are also shown.
- Provide selections for adjustments and quantities to offer for sale, clicking Publish after making selections on each tab. Once you have added all of your price elements, your contingent price will be ready to use. If you need more information on either of these procedures, click the link above and take a look at each section.
- Turn the price ON to make it visible to your customers.
Your product is now priced contingently upon your selected supplier’s price and will update in tandem with their product price updates.
Monitor your contingent price
Contingent prices are shown with a black flag on each price's top left corner when viewing prices in the Design and Dashboard managers.
If a contingent price is red, the price is turned off, or the contingent supplier is no longer offering the product for sale. In both scenarios, your price offering is no longer active or visible to your customers.
Contingent pricing and subsequent delivery
Reserving fuel is separate from the physical delivery of the reserved fuel. Delivery of fuel for all parties in the contingent pricing transaction thread occurs when stipulated by the structure and contract terms at reservation, which could vary throughout the specific month, or year in the future.
Physical transportation for the fuel will then be arranged off-platform by the supplier or buyer, depending on the reservation FOB designation.
Availability and requirements
Permission to price products as an originating seller will be granted by Gasology pending/after review by platform administrators.
Up next
Now that you've created a contingent price, read up on how to offer your contingent price to your customers.