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Project Scheduling and Cost Control by James Taylor

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COST CATEGORIES

It is crucial for project managers to understand cost and cost categories. Most companies depend upon external contracts for their livelihood. Not all project managers become involved in the costing or bidding process—a major oversight in those companies where this happens, but it happens at many. This is particularly true of defense contractors, which do seem to have figured out the right way to gear up for and pursue contracts. This chapter discusses different cost categories and what costs have to be included in a bid and presents some tips for how to structure more competitive price bids.

Accurate costing is key to a company’s ...

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