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…..

Author: MIE Solutions

David Ferguson has over 20 years of experience in the manufacturing and fabrication industry. David Ferguson has been to over 100 manufacturing companies helping and guiding them to be more efficient and cost effective. As a child in Junior High School David Ferguson found a passion for the early computer systems, which would drive much of his future work. David Ferguson created and sold his first computer program, Arrow Data Systems, which was an early CAD/CAM system for the Apple 2e Computer. In the late 1980's after seeing his father (a sheet metal manufacturer) come home many nights estimating, David Ferguson saw an opportunity to optimize his effort through computer technology. Shortly thereafter the FabriTRAK Production Control package was developed. The Quote It! estimating package was developed out of the FabriTRAK system to become one of the leading sheet metal estimating packages in the world. David Ferguson has always had a passion for developing software to make the manufacturing process simpler, faster and more efficient. Prior to founding MIE Solutions David Ferguson worked with his father at Alco Sheet Metal, METALSOFT Inc. and was a consultant at Toyota Motors Sales. David Ferguson has his Masters in Computer Science and Mathematics from California State University, Long Beach.

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