It's hard to think of a more important business task of a drilling contractor than to develop a detailed picture of his costs of doing business, according to Jim Olsztynski.
It's hard to think of a more important business task of a drilling contractor than to develop a detailed picture of his costs of doing business. Failing to do this is like flying an airplane without a fuel gauge. You might make it to your destination, but can you be sure?
There are four basic components to the price you charge for any job: 1. Materials. 2. Direct costs. 3. Indirect costs (overhead). 4. Profit.