The book is a guide to estimating the cost of mechanical engineering projects.
Summary Of The Book
Mechanical Estimating And Costing examines all the factors that go into estimating the cost for a project. The book shows how to take into account each aspect of the project to arrive at the estimate and it also goes into budgetary control, financial management etc.
The book begins with an introduction to the concept of estimating and costing engineering projects. It then covers the elements of cost in a project, and covers material costing and labour costing.
The book then examines the economics of material costs, and explains inventory control. Then the book examines indirect expenses and depreciation. It then covers mensuration and estimation of material costs.
Mechanical Estimating And Costing then covers estimation in various processes and stages like machine shop, sheet metal shop, welding shop and forging shop. It covers pattern making and foundry shops and covers the costs of tools, jigs and fixtures and explains methods of forecasting.
The book then looks at estimating and costing in the context of launching an industry. It goes into project planning and elements of economics. It covers breaking analysis and equipment replacement analysis.
The book then goes into financial management, budget and budgetary control, bookkeeping and accounts, contracting, cost accounting, cost control and cost reduction, and process planning.
The book clearly explains how to evaluate mechanical specifications and plans to arrive at correct estimates. It examines every factor that has to be taken into account in estimating the cost of mechanical projects.
Mechanical Estimating And Costing is aimed at students of mechanical engineering and production engineering. But, with its depth of coverage, it can also be useful for practicing engineers who are looking for methods of estimating the cost of new projects.