Costing & Benchmarking - a measure of efficiency

There is a clear need to cost and price services accurately in order to:

• fully understand the nature and risks of your service;
• ensure that the full cost is recovered or benchmarked;
• ensure that the organisation is satisfying statutory guidelines;
• aid the development of existing or new services;
• form the basis of service agreements or contracts; and
• reviewing price levels to ensure the recovery of identified costs, including marginal pricing decisions