Project Estimating

Project Estimating System Accurate time estimation for complex engineering and construction projects is essential to ensure the set-up of realistic deadlines and milestones and to determine the pricing and profitability of contracts.

EstimaX is a generic project estimating system that minimizes the time taken to develop an estimate for any type or size of project, whilst providing maximum control and flexibility.

The system is designed to:

Reduce estimating time and costs
Increase estimating accuracy
Increase confidence in estimate accuracy
Increase tendering success rate
Increase the overall efficiency of an organisation's knowledgebase by incorporating configurable information interface facilities.

EstimaX is used to build project estimates with work or material items structured in sections and sub-sections. Items are entered at "cost" rates and then standardised. Uplift percentages relevant to the type of item are then applied to calculate basic "sale" rates.

Allowances can be applied to add "pad" quantities and further mark-up adjustments may be applied at the various levels in the estimate. All the totals are immediately recalculated and displayed, subsequently a lump sum addition or reduction (discount) can also be applied to an estimate.

When the estimate information has been compiled, EstimaX can produce a professional, itemised tender submission document including the quoted prices with any qualification notes. If required, the estimate project can be generated in electronic format for loading into other systems.

A number of standard reports are incorporated including a "management", working document for a hard copy check of the estimate showing basic costs as well as quoted prices together with details of any pad and mark-up enhancements applied.

EstimaX is designed to operate as a modular component within existing company systems and, most significantly, to apply item cost allocation to the normal company cost codes. Features are included to allow controlled synchronisation of cost codes with standard chart of account tables.

Additional time saving features are included, with automated data imports, when incorporated with QuantimaX, a MatriX component used for material quantity takeoff including the application of work "norms" to generate activity man-hours and costs.

EstimaX is a particularly easy system to use that cuts the time and cost involved in estimating, provides very good control of mark-up margins and provides higher tender success rates.