In the evening we learnt about standard cost manuals. When getting to know all these, I got the feeling that in a private company everything is pretty organized. Cost manuals are used by branches to estimate costs of connection etc. They contain prices of each and every material used by LECO. There are particular set of materials used together, for an example, when giving out a new connection, the list of materials used are the same. These are bundled to create a collection of materials called a ‘Job Kit’. The cost for this is calculated for 1km. For example let’s say the branch has to construct a new LV line of 5 kms. They refer the standard cost manual to find the cost for 1km and multiply it by 5 to get the total cost for 5 kms. Elaborated details of these are provided in a separate volume (volume 2).


Comments (0)
Post a Comment