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The whole process is very labour-intensive and the material costs are very high, which means a four bedroom cottage might cost £20,000 to re-thatch.
His company makes small parts, meaning material costs are higher than labor, he said: "So there very often is a case that buying the material in the US is actually less expensive".
"The recession can be a good opportunity to buy capital improvements and do upgrades," he explained, "because contractors don't have a lot of work and material costs are way down.
"Everyone's pretty happy that April turned out so well, but looking forward, there's still a lot of concern," Mr. Donnelly said, noting that gasoline prices and raw material costs are rising sharply.
And thinking about costs also points us in the right direction with regard to Things We Want to Encourage, because costs, particularly labor and material costs, are a reflection, again, of how well we cooperated, how hard we worked, and whether we made mistakes.
The material costs are about half of the total.
Similar(40)
The company said material costs were rising faster than sales growth, especially in Europe, where the economy was weakening.
A. Figuring our labor and material costs is quite simple, and something I do regularly to make sure our profit margin and future projections stay on-target.
The 0.6% monthly rise in manufacturers' raw material costs was smaller than expected, and decreases in the price food in June may ease fears for food price inflation.
For each patient the personnel costs and material costs were assessed in detail.
Another potential reduction of material costs is the use of double redundant fingers instead of busbars.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com