Qatari SMEs and Start-ups with at least 50% Qatari ownerships and operating in QDB mandated sectors may apply for the service
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
- 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.
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
How do companies benefit from the service?
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
• 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
Who is eligible to apply?
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.
What does the service involve?
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.
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.
Contact Us