Why Most SMEs Fail at Cost Estimation

Problem: Hidden costs and unclear project scopes lead to underpricing.

Solution: Use cost estimation tools and historical data to quote accurately.

Comparison:

  • Guess-based costing: margin loss
  • Overpricing: lost deals
  • Data-driven costing: consistent profits

Actionable Recommendation: Build a simple cost template using your last 5 projects.

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