Analysis and Control of Production Costs

In producing an estimate the contractor’s estimator will use a variety of sources of information to ensure that the estimate of cost is as realistic as possible.
Discuss, using examples, the sources of cost data that could be available to assist in producing a cost estimate at tender stage
Your assignment should not exceed 1500 words.
Marking Scheme
Identification of sources of cost data – 20%
Discussion of sources of cost data – 50%
Use of examples – 20%
Presentation and referencing – 10%