Labor & Pricing Factors in CoreBridge give you control over key global pricing settings that influence how labor costs and production rates are calculated across your system. These settings help ensure that your pricing remains consistent, accurate, and reflective of your actual operational costs. By adjusting labor rates, markups, and related pricing factors, you can standardize how jobs are estimated and maintain profitability across different parts, products, and departments.
TABLE OF CONTENTS
Navigate to the Management Module / Global Settings / Pricing Settings / Pricing Settings tab.
Note: Any changes made to this page will need to be saved by clicking Save Settings.
Global Settings Under Labor & Pricing Factors
a. Shop Labor Cost per Hour - This is the actual cost to run your shop, not what you charge your customers per hour. This should include labor and overhead. It should NOT include production machine costs, which are calculated for each individual machine in your Machine Settings.
b. Default Minimum Margin - This is the minimum margin that will be allowed on a part.
c. Default Desired Margin - This is the highest margin you could hope to achieve on a part.
d. Default Maximum Discount - This number is the default maximum discount that will ever be applied and can be changed on each individual part.
Note: The Shop Labor Cost & Margin Worksheet can be used to help determine the values entered in each of these four fields. The worksheet is only meant as a guide. Please make sure you have considered all variables and revise the values as necessary.
Shop Labor Cost per Hour
The Shop Labor Cost per Hour setting defines the hourly cost of labor used in your system’s pricing calculations. This value directly influences both cost and retail pricing across multiple areas, ensuring your labor expenses are accurately reflected in every estimate or job calculation.
How Shop Labor Cost per Hour Is Used
This value can impact your pricing in several ways:
- Machines - Calculates labor cost associated with machine operation, such as Setup Time and Labor Percentage used in production cost formulas.
- Parts - Determines labor cost for parts that use Labor Levels to calculate production time or effort.
Note: Labor Levels can be managed at the Part or Part Group level under Management Module / Parts / Parts / Details tab.
- Custom Pricing Formulas – Serves as a built-in variable for custom pricing logic applied to both Parts and Modifiers.
Note: When using Shop Labor in a formula, its value will automatically reference the number entered in the Shop Labor Cost per Hour field.
Important Details
Changing the Shop Labor Cost per Hour value can affect global retail pricing across your system. Review related formulas and settings to ensure consistency before saving changes.
The Shop Labor Cost & Margin Worksheet can be used as a guide when determining appropriate labor values. However, this worksheet is intended for reference only—be sure to consider all business-specific variables and adjust values accordingly.
Default Pricing Tier Values
These three values are applied only when creating a new Part or Modifier. They determine the default entries that populate the Pricing Tiers table for each newly created item.
If needed, you can override these default values at any time:
For Parts or Part Groups: Navigage to Management Module / Parts / Parts / Pricing Tiers tab.
For Modifiers: Navigate to Management Module / Modifiers / Modifiers / Pricing Tier tab.
This flexibility allows you to maintain system-wide consistency while still customizing pricing structures for specific parts or modifiers as needed.
Invoice Numbering
The system will display the Current Invoice number being used in your system. It will be the number of the last created invoice. If you wish to begin a new numbering system for your invoices, enter the new number in the box next to Enter Next Desired Invoice Number.
NOTE: We recommend you to update this once you have set up your system, just prior to GoLive.
