Knowledge Node Summary

When costing work it is necessary to consider all expenditure associated with work including the overhead of the company buildings, administrative structure etc. In most cases, the daily rate charged for engineers covers this expenditure. The real costs of equipment must also be known including consumable items that are needed in order to install equipment. All these need to be considered within the companies pricing structure and profit margins.

A summary of expert opinion:

The knowledge named 'Costing work and services' is considered to be rather important.
In addition, the knowledge is thought to be mostly easy to replace, it is mostly learned by study, and there are 1 person available to deliver this knowledge.
Opinion is that it it requires 2 people to deliver this knowledge, it is partially specialised knowledge, and is frequently changing knowledge.
The learn time for this node given an understanding of the prerequisites, is about 2 weeks. The estimated learn time for the entire knowledge structure of this node is about 3 months.