Master the business side of engineering with practical, time-tested methods.
This comprehensive guide unlocks the commercial side of engineering work, from estimates and costs to the preparation of cost accounts, using real-world examples across millwright tasks, pumps, mills, and more. Aimed at engineers in training and managers alike, it helps turn practical shop knowledge into clear, actionable numbers.
This edition focuses on the methods and formats you need to price work accurately, manage indirect expenses, and prepare reliable tenders. It explains how to compute quantities, apply standard rates, and understand how different engines, pulleys, gears, and other machinery affect cost. The book emphasizes practical worksheets and examples you can adapt in daily work.
- Learn two pricing approaches: cost-to-manufacture and rough-then-final, with rules of thumb that still hold in many shops.
- See how to calculate material, labor, and indirect expenses, and how these drive overall project quotes.
- Explore detailed examples from millwright work, steam engines, pulleys, gears, pumps, and other industrial equipment.
- Use standard data tables and templates to prepare tenders, estimates, and cost accounts confidently.
Ideal for readers of technical management, engineering shops, and those moving from design into commercial engineering duties.