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Client Savings Premium (PI1748)

Ratio of the price savings obtained by the client from purchasing a product/service from the organization compared to the average price that would be otherwise paid for a similar product/service in the local market.

Organizations should report these prices as of the end of the reporting period.
Calculation:
Reporting format
Decimal
Metric type
Stock
Metric level
Product/Service, Organization
IRIS metric citation
IRIS, 2016. Client Savings Premium (PI1748). v4.0.

Footnote

Organizations should footnote all assumptions used, including how the similar, local product/service and price were selected.

Usage Guidance

  • This metric measures the price discount/savings as a percentage compared to a similar product/service.
  • For example, if the organization's product costs $5 and the average price for a similar product is $10 in the local market, this would be calculated as: ($5 - $10)/ $10 = -0.5 or 50% savings. Negative numbers can be interpreted as savings to the consumer (client).