KEY ANALYTICS
AND REPORTING
CAPABILITIES
• Cross-bid reporting
• Market analysis comparison
on public bids
• Customize and filter for
exact information, format
and level of detail required
4
Accurate, Strategic Bid Closing
By streamlining the process of building the estimate, specialized software
can free up more time to focus on strategic pricing. A strong application
will include simple or detailed methods to add markup, overhead,
indirect costs, bond and bid-level taxes according to specified strategies.
The application should also allow estimators to distribute these costs
automatically or manually and to compare various options quickly and
easily. From there, the final benefit is the ability to create a professional,
customized bid form.
Extensive Analytics and Reporting
Another advantage specialized software offers over spreadsheets is the
ability to run various analytical reports. Throughout the process, users
should be able to use the software application to analyze and summarize
the current estimate. Cross-bid reporting should also allow them to
analyze any combination of past bids to get business intelligence data
such as trends in cost items, win-loss ratios and margins over time. Being
able to send reports on a subscription basis to selected users at defined
times is an added benefit, and a good application will allow estimators
and executives to see and sort upcoming bid schedules.
"We've already reduced bid times
by 25 percent, and we know we will
do even better as we gain more
experience with the software."
