The Team

Adam Rana, Project Manager

Jungkyoo Park, Stress Analyst

Ilute Nyambe, Finance Officer
Ravi Parmar, Material Specialist
Arnold Ngang, Chief Designer

Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Thursday, 22 April 2010

Financial Report (2)

Looking as the whole construction of the emergency crane is to supply a solid crane that Non Governmental Organisations (NGO’s) can use to after natural disasters occur. Therefore it is key to keep profits to a minimal or if possible 0% as the cranes will be used for a good cause. The crane will be based on the concept of simply assembly of interchangeable components (Kit parts) which are essential for repair and improvement processes in order to prolong the crane’s shelf life.

Our simple innovative design means there a reduced number of parts needed, as well as the less number of skilled labour required in the construction of the crane. This means that even a team of 3 engineers all working on specific areas can fully build the crane from scratch bringing the whole production cost down giving our team a tremendous advantage over the market competition.


Labour includes

-Quality Control

-Assembly

-Welding/Bolting

-Polishing/Painting

-Testing


It is very hard to put a cost on labour but with asking around and receiving quotes whilst making aware of the good cause the crane will be serve the: Total Labour Cost Of One Crane should be £ 300

(this includes workforce labour plus machinery and materials required to do the job)


Summary


Cost Of x1 Crane Kit

£ 680.76

Cost Of x1 Cranes Labour

£ 300.00

Subtotal

£ 980.76



Total Cost Of x100 Crane

£ 61268.40

Total Cost Of x100 Cranes Labour

£ 30000.00

Subtotal

£ 91268.40

Financial Report (1)

The majority of our crane will be made up of steel due to its relative good strength. Steel comes in different forms namely Carbon Steels, Alloy Steel, Tool Steels and Stainless Steels which all vary in price and will be incorporated into various parts of the crane. For the construction of our crane we will be looking at obtaining high quality materials at the lowest available price.
Below is an idea of the typical cost of producing a single fully working model of the crane.

The cranes kit, including cost of each part:

6x L Triggers for Base
£90.00

4x rubberised Steel Handle Bars
£60.16

1x Stainless Steel Rope and Winch system
£67.50

1x Jib Construction System
£105.00

Pulley System
£50.00

1x Hydraulic
£45.80

1x Rotating Base System
£214.03

1x Hook
£48.00

TOTAL COST OF x1 CRANE KIT = £ 680.76

If our team is to win the invitation to tender then the cost will become:
TOTAL COST OF x100 CRANES = £ 68076.00
TOTAL COST OF x100 CRANES at 10% DISCOUNT = £ 61268.40
(The costs quoted above exclude any human/machinery labour required in the construction of the crane)

Reference websites used in estimation of costs
http://www.apluswhs.com/
http://www.metals4u.co.uk/
http://www.midlandwirecordage.co.uk/
http://www.meps.co.uk/index.htm

Wednesday, 21 April 2010

Latest Steel Prices

latest prices of steel
(http://www.meps.co.uk/World%20Carbon%20Price.htm)