How to Estimate the Cost for

Metal Fabrication Process

D.M.I. Contractors, Inc.

Cost Estimation for Metal FabricationCost estimation for metal fabrication processes is important in order to decide the budget in any commercial or industrial process. Be it the fabrication of metal sheets or pipe fabrication, there are various factors involved when it comes to the estimation of cost. For avoiding any financial disputes or miscalculations, it is essential to have an estimation of budget ready. Such estimation will also help you in knowing the approximate cost required for the fabrication process.

D.M.I. Contractors, Inc.

Steps to Estimate the Cost

D.M.I. Contractors, Inc.

Decide the Number of Items to be FabricatedIt is essential to know the number of units of the desired product you are targeting for. This will help you in detailing your remaining factors.

D.M.I. Contractors, Inc.

Determine the Size and Shape of Fabricated Product

You will need to determine the size and shape of the final product of your metal fabrication process. Based on the engineered drawings you can determine the dimensions of pipe/sheet of the metal.

D.M.I. Contractors, Inc.

Choose the Raw MaterialOnce you have decided as to how many items you are going to need, you will need to finalize the raw material (grade, quality, type, etc.) to be used for metal fabrication. It is advised to estimate the cost of raw material by keeping a surplus amount in mind. Compare the prices quoted by various suppliers and calculate an approximate budget.

D.M.I. Contractors, Inc.

Examine the Production and Fabrication Process

In order to correctly determine the cost of the metal fabrication process, you will need to examine the entire facility. This involves studying the number of machineries involved, total personnel working on the project, direct and indirect labor, etc. Such examination will give you detailed idea of the entire process and will help you in managing the costs effectively.

D.M.I. Contractors, Inc.

Calculate the Labor CostThe line of workers directly involved in the process of metal fabrication are covered under the wages given for direct labor. On the other hand, personnel like accountants, designers, janitors, etc. are considered a part of indirect labor. You will need to calculate the labor cost involved in both these categories.

D.M.I. Contractors, Inc.

Computation and Documentation of All the Costs

Based on the aforementioned factor and the desired deadline of your project, you will need to estimate the final cost of the metal fabrication process. You can compute the total cost and document it for reference.

D.M.I. Contractors, Inc.

You can take help of a financial expert to systematically estimate the cost of metal fabrication process.

It is advisable to calculate the maximum cost for every factor so that you calculate estimated budget for surplus amount.

You can keep copies of all the estimation documents with you for future reference.

D.M.I. Contractors, Inc.

D.M.I. Contractors, Inc.

Concentrate Solely on Fabricating PipeConcentrate Solely on Fabricating Pipe

To know more about Pipe Fabrication

D.M.I. Contractors, Inc.