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JOB COSTING & BIDDING Training
ARE YOU
EXPERIENCING ANY OF THESE CHALLENGES? |
| • |
Feel like your bids aren't always
based on a clear knowledge of complete costs? |
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Ever bid too high on a project because you
are not sure of your real costs? |
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Need a more-effective procedure for establishing
the cost of a potential project for a more accurate bid? |
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Unsure why some contracted work didn't make
a profit? |
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Suspect that some jobs aren't profitable
at all but unsure how to make a solid determination? |
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Unsure whether your shop rate covers all
your expenses? |
…If the answer is "Yes,"
then MMEC's Job Costing &
Bidding training may be what you
need.
PREREQUISITE: Basic
math skills.
COURSE DESCRIPTION:
Effective bidding is a refined art that
requires a thorough understanding of actual operation costs. Participants
in this course will be introduced to a tool that will help them
identify the estimated cost associate with a job. Participants will
be shown how to develop a customized spreadsheet that accounts for
variable costs (labor, materials, equipment replacement, and shop
efficiency) for each job and will be shown how to more-accurately
assign overhead expenses (indirect labor, rent, lights, etc.) to
specific jobs. Participants will be introduced to a standardized
system for determining which are potentially profitable jobs that
fit your equipment and employee skill levels.
LEARN HOW TO:
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Create a bidding process that
considers true costs, as well as production and employee capability. |
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Submit contract bids that, if won, can be
fulfilled profitably. |
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Gain from past bidding successes and failures. |
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Accurately assess variable costs by job
as a part of bid development. |
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Appropriately assign overhead expenses to
specific jobs. |
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Identify which jobs, while potentially profitable,
may not be a good fit for your equipment or skill base. |
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Walk away from jobs that don't meet your
requirements for profitability and fit. |
WHO SHOULD PARTICIPATE: Company
owners, marketing/business/financial managers.
COURSE LENGTH & FORMAT:
4-8 Hours; classroom presentation, case
studies, discussion, and Q&A.
CLASS SIZE GUIDELINES:
Public Event: 10 minimum
Private Company Event: Variable (depending on company demand)
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ADDITIONAL INFO
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