The success of a business is usually measured by its
profitability, based on the ability of the company to
hold costs to the limits defined by competitive selling
prices. The costs associated with welding and related
processes can readily be approximated for any job
when the factors affecting those costs are known and
appropriate estimating methods are used. Welding costs
must be accurately determined if the estimate is to be
used successfully for bidding, for setting prices, or for
comparing welded construction to a competing process.