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
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