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Latest Project Management News and Articles..come back soon for more updates...Intent Media - MCV (MCV) The right application of cost makes contractors financial picture improve greatly. Not knowing your accurate costs for each bid results in serious business consequences. Estimating too much cost, he won't win the project. He might not win any projects. This can be "slow death" Bidding too little cost, he pays to finish the job. The contractor might even be bankrupted on the way to complete the project. This may be "sudden death." An accurate cost picture does give a contractor the most power in a negotiation. Once, he or she knows the breakeven, the poker game starts. This poker game is one area where the contractor either wins or loses. There are no ties. He must be certain of his position. How do we arrive at an accurate cost? Two crucial steps among several are 1) The proper application of overhead costs for this project 2) Job sizing to proportion overhead and profit the volume of the job. Taliworks eyeing new waste management project in China (New Straits Times) AdminStudio Overview Tour ProjectManager-FinanceAccounts - Makro Technologies US-VA-Herndon Session's focus is proposed Howell downtown project (Detroit News) |
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