As a Pricing Administrator, you can store contracted prices in CPQ. The contract pricing feature offers a way to negotiate a price for a product that is not being purchased in the current quote. CPQ uses a set of agreed upon prices for a customer for all the subsequent transactions. CPQ provides the following options to implement contract pricing.

CPQ supports contracted price lists specific to customers. Each customer might have different pricing information. Whenever customers order products or services with the same contracted price list, agreed prices will be given to them.

CPQ can maintain contract price lists (customer specific price lists) to keep a track of negotiated prices for each customer. The customer provides a set of agreed upon prices using an offline process or mechanism. You must set up this information as a price list using the standard CPQ capability. After you set up this price list, any new quote or order coming into CPQ will specify the customer specific price list as the price list on the quote or order.