What good is your estimating & costing software if your cost rates are inaccurate?

[craiglpress]

What good is your estimating & costing software if your cost rates are inaccurate?

How often do you update your equipment cost rates? Read: "How inaccurate Budgeted Hourly Cost Rates almost put Quality Printing out of business." http://costratesadvisor.com/casestudy/ to find out what happens when you use outdated rates for estimating and costing.

 

[Stephen Marsh]

I agree that establishing correct hourly rates for labour is critical.

The Accura MIS that I represent in the ANZ market is a cost plus system and we can’t stress these related points strongly enough:

Cost Plus – The Accura Ethos

Accura – Rates Analysis

Accura – Why The Correct Cost Rate Is So Important

Accura – What Are My Cost Rates?

Accura also provides a Cost Rate Calculator tool with the MIS to establish the correct budgeted hourly cost rates for internal labour/machine run time:

Accura – Cost Rate Calculator


Stephen Marsh