Project Management Articles
How to calculate direct material costs with examples.
Steps to identify direct materials, inventory them, and assess costs, delivery times, and payment terms for effective procurement management.
Calculation of working time – Calculation of man hours. Calculate the man-hours required to build a reinforced concrete foundation.
In this example, we will calculate the man-hours required to construct a reinforced concrete foundation.
How to make a Reliable Winning Bid?
For a construction and assembly industry to be financially viable, it must achieve positive economic outcomes in the work or services it provides.
Tax for Construction Contractors. When preparing a proposal, it is important to consider the tax burdens that affect the finances of the project.
In this publication, we will give an overview of the types of taxes applicable to the construction sector.
How Calculate the Financial Cost of the Offer.
It comprises all disbursements in terms of monetary units of interest, commissions, and other expenses arising from taking loans from financial institutions.
The financial costs of bidding can be substantial and require careful planning and management to ensure that the potential rewards outweigh the investments. By understanding and accounting for these costs, companies can make informed decisions about which projects to bid on and how to optimize their bid preparation processes.
How to estimate other indirect costs of the Project.
Analysis of the items to which the estimator assigns a defined cost.
How to Calculate Indirect Labor in Construction.
Labor not assigned to a specific task or process is called indirect labor.
How to Estimate Input and Consumption Materials.
In this step, the estimator must determine the cost and quantity of input materials and consumables.
Heavy equipment cost. Learn how to calculate heavy equipment cost per hour with this complete guide. Cost heavy equipment per hour with this complete guide. Calculate the cost per hour of your heavy equipment using formulas.
The following diagram lists the items that make up the cost per hour of the equipment.