Contracts EECE 295. Estimating. Estimating takes place at proposal time, and includes an estimate of: Time phased cost: Direct labor Direct material Overhead, G & A The sum of cost and G&A equals your cost through G&A The above defines your “breakeven point”
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The residual funds can be negative!!
Note: In the following slides, the “price” to the customer
equals the sum of the profit and cost.