20 Key Aspects of Job Quoting

Key aspects to quoting and estimating include:

1. Material costs

   > This includes both raw material and purchased components like nuts, bolts, screws, etc.

2. Tooling costs

3. Welding fixture costs and other fixture costs

4. Burden rate of the machine(s) the part runs on

5. Overhead (Indirect Labor)

6. Insurance

7. Depreciation

8. Labor

9. Utilities

10. Other consumables

11. Taxes

12. Payment Terms

13. Complexity of the part and the tolerances to be held

14. Inspection Requirements

15. Documentation requirements

16. Other costs of quality

17. Other overhead (rent, etc)

18. Engineering Costs

19. Installation Costs

20. Administrative staff salaries and commissions