Methods and Techniques for Estimating Engineering Services Costs on the Global Market

Abstract

Engineering is a kind of consulting services, works of research, design, calculation and analytical nature, preparation of a project feasibility study, development and implementation of the latest technologies in various sectors of the country’s economy, development of recommendations in the field of organization of production and management, product sales. The circumstances stated in the text significantly influence the methodology for estimating the costs of engineering consulting firms and the price level, which are determined taking into account the situation on the global market for engineering services. However, the variety of conditions for the provision of services, their volume and complexity, sometimes make it difficult to determine the cost and payment rates
in engineering contracts, even for similar types of work.