The Engineering and Tooling Charge on the PMP quotation encompasses the tool design for the part, the sequence of operations required, any outside costs we incur for the tooling, the toolroom time to make all the tools and set them into the press, and the development process in the press to create the part.
The Engineering and Tooling Charge is a one-time charge for the life of the part. A second Engineering and Tooling Charge would only occur if a print revision requires tooling modifications.
The customer has ownership of the tools while PMP retains all the intellectual property required to create the tools.
From time to time PMP performs 5S on the tool crib and identifies tooling we deem obsolete based on production records. We then work closely with those customers to arrive at a final disposition for them.
