How to Calculate Insurance Cost

How to Calculate Insurance Cost.
The estimation of financial costs in an economic proposal includes the cost of insurance and the financial cost itself. This post examines the costs and types of insurance and sureties of bond…

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How to Calculate Overhead Costs in Construction Projects

How to Calculate Overhead Costs in Construction Projects.
A comprehensive guide to determining overhead costs for construction and industrial assembly companies…

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How to Estimate Other Indirect Costs of the Project

How to estimate other indirect costs of the Project.
Analysis of the items to which the estimator assigns a defined cost.
The magnitude of these costs can be significant, and their amount depends on the characteristics of the project, its location, and the requirements determined in the bidding documents…

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How to Calculate Indirect Labor

How to Calculate Indirect Labor in Construction.
Labor not assigned to a specific task or process is called indirect labor.
Total indirect labor in a construction company is the sum of:

  • The indirect hours of each project in progress.
  • The indirect labor of the company in the engineering, budgeting, quality control, purchasing, sales, administration, accounting, finance, etc. departments…

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How to Estimate Input and Consumption Materials

How to Estimate Input and Consumption Materials.
In this step, the estimator must determine the cost and quantity of input materials and consumables.
The term consumables refers to all ancillary material that is used to execute the work.
It is pointed out that this material is not incorporated into the construction…

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How to Calculate Equipment Cost per Hour

How to Calculate Equipment Cost per Hour.
The following diagram lists the items that make up the cost per hour of the equipment…

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