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Pricing to Maximize Profits

PSMJ Resources

Maybe you contracted for some training on your building information management system. Fees must adequately cover training, professional development, ample profit, and future liability. Consider the fees that your firm has paid out to other professionals in the last six months. How much does your accountant charge per hour?

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

It also (ideally) details the terms and conditions of the construction or repair contract and itemises all work to enable a contractor to price the work for which he or she is bidding. Also known as Total Estimated Contract Cost (TECC). City cost index - see: Location cost index. RSMeans publishes a city cost index table.