Spark has many default fields to capture the various prices, discounts, add-ons, taxes, and credits associated with your contracts, but the terminology might not be quite the same as what your team uses. Never fear - many of these can be updated in the Terminology section of your Contract Settings (see Contract Terminology Settings for more details).
To help you understand each of these terms, see their descriptions below.
| Price | Description |
| Adjusted Price |
Purchase price minus unit discounts |
|
Adjusted Price / SQFT |
Adjusted price divided by area
|
| Closing Price |
Unless your project setup requires this be manually entered, the sum of purchase price on the unit, color schemes, options and upgrades, parking stalls and storage units, minus all discounts (Subtotal Price), plus all taxes (Total Price) minus Credits Total |
|
Closing Price / SQFT |
Closing price divided by area |
| Color Scheme Discounts |
The sum of the price reduction(s) associated with the specified color scheme(s) |
| Color Schemes |
The sum of the price to the purchaser associated with the specified color scheme(s) |
| Contract List Price |
Inventory list price (List Price) at time of contract creation |
| Contract Taxes Total |
The sum of taxes applied to the unit, color schemes, options and upgrades, parking stalls and storage units |
| Credits Total |
The sum of all credits applied to the contract |
| Discounts Total |
The sum of all discounts applied to the contract |
|
Gross Price |
Only displayed if the Provincial Rebates feature has been enabled for your project. The sum of purchase price on the unit, color schemes, options and upgrades, parking stalls and storage units, minus all discounts (Subtotal Price), plus all taxes |
|
Gross Price / SQFT |
Gross price divided by area |
|
List Price |
The current price for the unit at the Inventory level |
|
Net Unit Price |
Only displayed if the Ontario Provincial Rebate feature has been enabled for your project. Purchase price minus unit discounts plus HST minus HST rebates |
|
Net Unit Price / SQFT |
Net unit price divided by area |
|
Option & Upgrade Discounts |
The sum of the price reduction(s) associated with the specified options(s) and upgrade(s) |
| Options & Upgrades |
The sum of the price to the purchaser associated with the specified option(s) and upgrade(s) |
| Parking Stall Discounts |
The sum of the price reduction(s) associated with the specified parking stall(s) |
| Parking Stalls |
The price to the purchaser associated with the specified parking stall(s) |
| Price Difference |
The difference between the inventory list price at the time of contract creation and the purchase price |
|
Purchase Price |
The price for which the unit is being purchased per the purchase contract |
| Purchase Price / SQFT Purchase Price / SQM |
Purchase price divided by area |
| Purchase Price plus Add Ons |
The sum of the purchase price for the unit, color schemes, options & upgrades, parking stalls, and storage units. Any discounts applied to these are not accounted for in this figure |
| Rebates Total |
Only displayed if the Provincial Rebates feature has been enabled for your project. The amount of the rebate |
|
Storage Unit Discounts |
The sum of the price reduction(s) associated with the specified storage unit(s) |
| Storage Units |
The price to the purchaser associated with the specified storage unit(s) |
| Subtotal Price |
The sum of purchase price on the unit, color schemes, options & upgrades, parking stalls, and storage units minus all discounts (Discounts Total) |
| Subtotal Price / SQFT Subtotal Price / SQM |
The subtotal price divided by area |
| Total Price |
The sum of purchase price on the unit, color schemes, options & upgrades, parking stalls, and storage units minus all discounts (Subtotal Price) plus all taxes (Contract Taxes Total) |
| Total Price / SQFT Total Price / SQM |
Total price divided by area |
| Unit Discounts |
The sum of the price reduction(s) associated with the unit itself - this figure does not include option and upgrade discounts, parking stall discounts, storage unit discounts, rebates, or credits |