Costing Services
Cost estimation, value engineering and cost optimisation across the product lifecycle, so projects stay profitable, efficient and competitive.
The scope, in full
Product cost estimation
- Detailed cost breakdowns for components and assemblies
- Material, manufacturing, labour and overhead costs
- Comparison of manufacturing methods on cost-effectiveness
- Best for new product development, prototyping and feasibility analysis
Material cost analysis
- Raw material costs against market trends and supplier rates
- Alternative materials that cut cost without losing performance
- Material wastage, yield factors and sustainability
- Best for material selection and procurement planning
Manufacturing process costing
- CNC machining, sheet metal, casting and injection moulding costs
- Tooling, machine runtime, labour and energy consumption
- Process selection optimised for cost efficiency
- Best for reducing manufacturing expense
Labour & overhead cost calculation
- Direct and indirect labour costs by complexity and operation time
- Setup time, machine maintenance, utilities and other overheads
- Cost allocation for production planning
- Best for workforce budgeting
BOM costing & pricing strategy
- Full BOM analysed to total cost
- Integration with ERP and supply chain systems for real-time pricing
- Cost-based pricing models for competitive positioning
- Best for procurement teams and manufacturers managing large product lines
Send us the drawing that is giving you trouble
Tell us what you are building and where it is stuck. An engineer reads every enquiry and replies within one working day.