MINHA COSTING ANALYSIS AND EXPENSE REDUCTION

Some SMEs in Qatar are not well equipped to undertake proper costing of their products and services, which results in un-sustainable losses leading to distress or business failure. MINHA helps companies apply proper costing methods, which could mitigate sustainable losses and boost their competitiveness.

Targeted Audience

  • Companies that are unable to generate profit due to improper allocation of all costs to products or services
  • Companies that find it difficult to win contracts as they do not know how to price their bids for projects
  • Companies that are unable to save on costs making them un-competitive

PRODUCT COMPONENTS

Minha shall cover the cost of Service Provider to deliver the below
  • Phase I: Costing Analysis - covers readiness assessment through the following stages

    1. Discovery Stage
    2. Benchmarking Stage
    3. Analysis Stage.
  • Phase II: Expense Reduction - covers readiness review through the following stages

    1. Analysis stage
    2. Research and data gathering stage
    3. Selection and implementation stage .
  • NOTE

    client may not be eligible for Phase II based on the outcome of Phase I.

Product Benefits

Product benefits will include the below

MINHA and Eligibility Criteria

  • MINHA

    50% of the total service cost not exceeding QAR 37,500/- for both phases.
  • ELIGIBILITY CRITERIA

    Qatari SMEs and Start-ups (as per QDB definition of SMEs) with at least 50% Qatari ownerships and operating in QDB mandated sectors whose activities are in compliance with Sharia.
Frequently asked questions

FAQs

This service enables companies and SMEs: 
• calculate the exact cost of a product or service using appropriate costing methodology.
• Break down the total cost of product/Service into individual components to identify cost saving opportunities
• price the product or services as per market prices while covering the costs adequately
• Use past data along with future outlook reports to provide a direction of costs
• Identify all potential cost items which should be provided while negotiating long-term supply contracts
• Assess the actual financing required for working capital or for undertaking a new project
 
Qatari SMEs and Start-ups (as per QDB definition of SMEs) with at least 50% Qatari ownerships and operating in QDB mandated sectors whose activities are in compliance with Sharia.
This service shall cover the cost of the Service Provider to deliver the below:
Phase I: Costing Analysis - covers readiness assessment through the following stages
Discovery stage
Benchmarking stage
Analysis stage.
Phase II: Expense Reduction - covers readiness review through the following stages
Analysis stage
Research and data gathering stage
Selection and implementation stage.
Note: client may not be eligible for Phase II based on the outcome of Phase I.
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Qatari SMEs and Start-ups  with at least 50% Qatari ownerships and operating in QDB mandated sectors may apply for the service