A guide to reliable project estimating - Without losing money
What is a budget? How is it prepared?
If you are, or are about to become, involved in the construction industry, electro-mechanical assemblies or other similar activities, we recommend that you watch these videos which detail the steps and precautions to be taken to ensure that your quote is reliable.
We cover the following topics in this video
Direct material cost estimation for a job.
Direct labour hour estimation.
Cost of machinery and equipment that will be in use.
How to make an estimate: Without losing money.
When making a quotation, it is essential to be sure that the price you quote is sufficient to complete the work without any setbacks and to make an economic profit.
Otherwise, you will not win a job. You will win a problem.
You can gain new knowledge or refresh existing knowledge about how to prepare an accurate budget in this series of short videos.