Pricing Structure for Physical Mechanical Testing of Labs

gary853

Starting to get Involved
#1
We are a Metrology Lab. We are looking into expanding our capabilities. We are reviewing several types of testing equipment; Tensile Testing, Impact Testing, Torque Testing, etc. Our question, does anyone know how to cost this out? What would be the typical charge for this service? Thanks.
 
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John Predmore

Trusted Information Resource
#2
When you say "cost this out", I think you are asking how much to charge clients for measuring parts. I think the cost for service will vary in different parts of the country, based on the cost of living and whether there is a dearth or an abundance of Metrology Labs in your area offering these same services .

One way to price your service is compare to what other similar companies charge for the same service. If you set your price to be competitive, you might win customers by offering faster turn-around (fewer days) to complete client work, or maybe you offer better customer service, such as pick-up and delivery. If you have contacts with potential customers in the area, ask them what volume of work they might have, if they are satisfied with the service they receive now and what price you would have to charge to win them over. Then decide if expanding your services would provide a lucrative pay-back.

Another way to price your service is from a cost accounting basis. You know how much you will pay your technicians per hour and how many hours to do each type of job, add in the overhead cost for utilities, lease, consumable supplies, depreciation of equipment, plus some profit margin. This is an analytical way to establish a price for your service. You still have to decide if you can attract customers at the calculated accounting price.

If there is a local college in your area, speak to the professor for business administration or engineering. Maybe they can assign a grad student to help you as a class project, and he/she will do the research and calculations, and make a proposal. They can go more in depth into your situation than I can here.
 
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