About OPEX (Operating expenditure Estimation)
An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.
Understanding Operating Expenses
One of the typical responsibilities that management must contend with is determining how to reduce operating expenses without significantly affecting a firm’s ability to compete with its competitors.
Operating expenses are necessary and unavoidable for most businesses. Some firms successfully reduce operating expenses to gain a competitive advantage and increase earnings. However, reducing operating expenses can also compromise the integrity and quality of operations. Finding the right balance can be difficult but can yield significant rewards.
Estimating Opex Efficiently
We have experience carrying out OPEX estimation. The assessment is carried out on the basis of the asset specifications provided by the company using our construction cost data CAF-CAPEX, to reflect the unique configuration of the facility.
