Business Development
Cost Rate Review Service

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Our Cost Rate Review Service regularly identifies companies that are undercharging for their services. This may produce new business wins in the short term; but if that work is not properly priced due to the true costs of the work involved, it will not be sustainable over the longer period.

Correct pricing of your services – which takes into account all costs, including machine operation and overtime – will factor in consistency and ensure profitability for your operations. In addition, precise and accurate pricing can help give you an edge over your rivals; assist with budgeting; improve your Management Information System; and assist you in developing a more effective workflow.

One of our specialist advisers will evaluate your cost rates, looking at your operations in their entirety. A spreadsheet model will be produced showing the benefits more accurate cost rates will generate for your business. The result will be a more robust platform for your company’s development and growth, protecting you against the effect of raw materials price fluctuations and helping you operate more competitively.

FACTS - What is involved

A BPIF Consultancy Specialist will:

 

  • Assess your entire operations
  • Evaluate the true costs
  • Identify machinery run-times, unusual shift patterns and excessive overtime
  • Calculate the true costs of your services
  • Produce a spreadsheet model showing the benefits of more accurate cost rates

 


 

 Benefits

Our Cost Rate Review Service will help you:

 

  • Accurately estimate and cost jobs
  • Price for profit
  • Improve the accuracy and reliability of your MIS
  • Produce detailed budgets and forecasts
  • Create Key Performance Indicators such as chargeable hours, machine use and targets for staff
  • Meet best practice
  • Enjoy greater competitive advantage

 

 

For more information please contact:
Meeka Walwyn-Lewis
Meeka Walwyn-Lewis
Specialist Services Manager
01924 203335
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