Equipment
Rental Rates Discount Maintenance - Tiered Rates Equipment
Rental Rates Discount Maintenance - Tiered RatesUse this screen to enter tiered rates for a contract price number that has been marked as Tiered Rates=Y in Contract Price Maintenance.
Tiered rates are daily rates that you establish with multiple tiers, and the rates are based strictly on the number of days that equipment is out on rent (rental days).
Click a link to advance to that section of the topic.
Access this screen when you toggle the Equipment Rental Rates Discount Maintenance - Launch screen to allow for entry of a contract price number, and the contract price number you enter has been flagged for tiered rates. Enter the start and end dates for the tiered rates. Enter multiple tiers of rates that are based strictly on the number of days the equipment is out on rent.
Equipment Rental Rates Discount Maintenance - Launch
Equipment Rental Rates Discount Maintenance - Tiered Rates
Equipment Rental Rates Discount Maintenance
Equipment Rental Rates Discount Maintenance - Locations
If applicable, this field displays the location for which you are setting up tiered rates.
Displays the number of the contract price set up for tiered rates.
Displays the category/class ID and description you entered on the first screen.
Enter the date on which these tiered rates will start.
Enter the date on which these tiered rates will end. If there is no end date, enter 99/99/99.
Enter the currency in which you are entering the tiered rates.
Indicate whether the calculation for cycle billing (based on these tiered rates) is retroactive.
If applicable, enter the charge for each unit used if the category/class master record or the equipment master record have a Mile Code of M or an Increment Use Code of U. This charge is also used for calculating excess meter charges for equipment with miles or usage type meters.
Enter the discounted rate charged per hour for equipment in this category/class.
Enter the number of hours a customer can rent the equipment in this category/class and still be charged the minimum rate.
For each tier that you want to use, enter the day that the rate for that tier starts. For example, if the From Day for Tier 1 is 1, and the To Day for Tier 1 is 4, then the From Day for Tier 2 must be 5. This means that the rate for Tier 1 applies to rental days 1 through 4, and the rate for Tier 2 starts on the fifth rental day.
For each tier that you want to use, enter the day that the rate for that tier ends. For example, if the From Day for Tier 1 is 1, and the To Day for Tier 1 is 4, the rate for Tier 1 only applies to rental days 1 through 4.
For each tier that you want to use, enter the daily rental rate for the rental days in that tier.
For each tier that you want to use, enter a minimum daily rental rate for the rental days in that tier.
Enter the code that represents the type of tiered rate you want to use. Enter D for Daily or enter M for Monthly (on the last tier only).
Enter the percent to apply to these rental rates to determine the damage waiverInsurance coverage for physical damage to rented equipment. amount for rental contracts for equipment in this category/class.
If you do not enter a damage waiver percent, enter the amount to charge per day for damage waiver for equipment in this category/class.
If you do not enter a damage waiver percent, enter the amount to charge per week for damage waiver for equipment in this category/class.
If you do not enter a damage waiver percent, enter the amount to charge per month for damage waiver for equipment in this category/class.
Enter the current status of the tiered rates. If you enter a status of H for Held or E for Expired, the system bypasses these rates for a rental contract.
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Indicate whether excess meter usage should be charged on cycle bills.
If you want to calculate excess meter usage/overtime charges on cycle
bills, the equipment either needs to be tracked via a GPS device with
regular meter reports written to EQPATHFL, or the equipment’s meter reading
needs to be updated via Equipment Status Change (1, 53, 22), which also
writes to the same file. See control record CHGEO1 for more information.
Indicate whether excess meter usage should be charged when rented equipment is returned.
Indicate whether to increase the excess meter charge by the appropriate shift multiplier. Enter Y to have the system calculate the excess meter charge as normal, and then apply the shift multiplier to increase the charge. Enter N to not apply the shift multiplier to the excess meter charge calculation.
Number of hours per day before charge
Enter the number of hours allowed per day on the equipment's hour meter before excess usage is charged.
Number of hours per week before charge
Enter the number of hours allowed per week on the equipment's hour meter before excess usage is charged.
Number of hours per month before charge
Enter the number of hours allowed per month on the equipment's hour meter before excess usage is charged.
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Function Key |
Description |
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F1 |
Help. Place your cursor in a field and press F1 to access online help for that field. Place your cursor outside of a field at the top of the screen and press F1 to access online help at the program/menu option level. |
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F3 |
Exit. Exit the page or program |
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F5 |
Refresh. Refresh the screen and remove entered data. |
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F6 |
Contract Price Maintenance. Access the Contract Price Maintenance screen where you can create price lists and assign them to specified customers for specified periods of time. |
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F7 |
Overlay Existing Rates. Overlay existing rates for this category/class for your review and modification. |
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F12 |
Cancel. Exit program or move back a screen. |
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F13 (Shift + F1) |
Billing. Set billing functions for the category/class when tiered rates are used. For explanations of the fields, see the System Location File - Billing 1 topic.
Allow Holidays Indicate whether you allow temporary rental suspensions for holidays for this category/class. This setting works in conjunction with any holidays set up in Temporary Rental Suspension that apply to all contracts. If you set this field to N, the system ignores contract-wide holiday rental suspension for this category/class. |
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F15 (Shift + F3) |
Locations. Advance to the Equipment Rental Rates Discount Maintenance - Locations screen to display a list of locations and their rental rates for the specified category/class (and customer and job if they were specified). |
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F17 (Shift + F5) |
Calculate Meter Usage. Advance to the Meter and Shift Maintenance screen. |
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F24 (Shift + F12) |
More Keys. Displays more available function keys for the program. |
Tiered Rates - Retroactive Rate Calculation Example
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In this
window, you can protect the billing settings for the category/class.
Enter