COST TOOLS + CALCULATORS

Module Outcomes

Practical training to understand true project costs, track time and overheads, improve quoting, and use simple tools to manage variations and plan a profitable year.

• Know your real costs: identify and track all cost types so daily running costs are correctly attributed to projects.
• Overheads and profit: calculate overhead percentages, add a separate profit margin, and ensure every project is profitable.
• Time and roles: measure hours by role to confirm you are paid for your work and to identify your next hire.
• Project rates: use square metre and project rate templates to compare actual versus target margins and improve future quotes.
• Variations management: track provisional sums and PC items in one place to manage client expectations and get paid for agreed changes.
• Estimating discipline: choose between a qualifying budget and a full estimate, and adopt systems that reduce chaos and increase win rates.
• Yearly planning: use overhead, revenue, and asset tools to set goals, review past performance, and plan a financially stronger year.

Takeaway: accurate tracking plus simple systems turns past job data into reliable quotes and predictable profit