‘Third Party Commission’
Table of Contents
Following improvements have been applied:
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‘Third Party Commission’ introduced to ‘Cost & Margin’ method of quoting
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‘Third Party Commission’ re-arranged in the Subcharter option
Cost & Margin
**‘Third Party Commission** is now available in the ’Cost & margin’ method of quoting.
The major difference is that in the summary section, there are now 5 elements:
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Cost - this is the sum of the total costs
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Margin - default margin used to calculate the price. Can be manually overwritten
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Price without commission - amount for the Client without third party commission. Calculated in a way that required margin is achieved:
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Price = ‘Cost’ /(100% - ‘Margin’%)
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Third Party Commission - the amount of commission paid to the third party, e.g. a broker
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Total price - the price that is a sum of ‘Price without commission’ and the ‘Third Party Commission’
Additionally, hovering the mouse over each of the calculated amounts will display a tooltip with the cost/price calculated per hour of:
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Flight time and,
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Block time
Subcharter
The price breakdown section for Subcharter’s has been re-arranged as per below:
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Operator price - the amount charged by the operator (subcharter price)
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Margin - income margin calculated on top of the Operator price
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Third party commission - commission paid to the third-party broker
Due to this update, the way the total price is calculated also changed.
The way the total price is calculated is as follow:
Price = ‘Operator price’ /(100% - ‘Margin’%) + ‘Third Party Commission’