Job Quoting Key Aspects

Here are some key aspects to quoting and estimating
1. Material costs
This includes both raw material and purchased components like nuts, bolts, screws, etc.
2. Tooling costs
3. Welding fixture costs and other fixture costs
4. Burden rate of the machine(s) the part runs on
5. Overhead (Indirect Labor)
6. Insurance
7. Depreciation
8. Labor
9. Utilities
10. Other consumables
11. Taxes
12. Payment Terms
13. Complexity of the part and the tolerances to be held
14. Inspection Requirements
15. Documentation requirements
16. Other costs of quality
17. Other overhead (rent, etc)
18. Engineering Costs
19. Installation Costs
20. Administrative staff salaries and commissions
I’m sure I’m missing a few…..