BUDGET ALLOCATION
Budgeting and cost control comprise the estimation of costs, the setting of an agreed budget, and management of actual and forecast costs against that budget.
TENDER EVALUATION
Key decisions relating to the appropriate ratio between price and quality, the quality criteria to be used and the relative weighting of those criteria, must be made before tenders are issued.
Pricing to win
Price-to-Win identifies the correct balance of capability that can be delivered to the customer at the value the customer wants.
PROJECT COST MANNAGEMENT
Cost management is concerned with the process of planning and controlling the budget of a project or business.