KEY ESTIMATING
FEATURES
• Centralized cost database
• Simultaneous use by
multiple estimators
• Automated calculations
• Error-check wizard
• Audit trail to track changes
• Flexibility – cost item, work
breakdown structures
(WBS) or hybrid bids
3
Centralized Cost Data: A Core Advantage
The advantages of an advanced software application for estimating and
bidding begin with a centralized resource database that gives everyone
preparing bids access to accurate, up-to-date costing information. The
concept is straightforward: labor, equipment, material and other costs specific
to the company are entered and maintained within the central database.
Templates combining these
cost resources commonly
used in estimates can also
be created and stored in the
database. A crew template, for
example, could include several
labor and equipment cost
resources, or a task template
could include any number of
labor, equipment or material
costs necessary for a specific
task. These cost loaded items
and templates are the building
blocks of an estimate.
Building Estimates Quickly, Easily and Accurately
With a centralized cost database in place, estimators use the specialized
estimating application to pull the cost items and templates into the
estimate and modify them quickly and easily. They can also import items
electronically from outside sources, such as an Excel spreadsheet. When
quantities are entered, the system will calculate costs automatically.
Estimators can then modify the costs as needed for the specific bid.
"The building blocks for the
estimate are up-to-date and all
in one place, so we can move
quickly and with confidence."
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