Estimating Software
Estimation And Tendering Software – EASYBID
Estimation is one of the core processes in project-oriented industries like infrastructure. It applies to all kinds of contracts including item rate, lump sum, cost plus, and it equally covers all models of delivery including BOT, EPC, etc. Highbar and its alliance partners jointly deliver an end-to-end estimating software solution that can be applied to all modes of estimation and tendering. EASYBID is a modern tender management software designed to integrate with ERP and project management systems, providing confidence, care and speed throughout the tendering lifecycle. This estimating software provides an enabler for businesses to provide accurate cost forecast information – faster – helping teams make decisions based upon accurate data.
Key Features of EASYBID Estimating Software
- Automated quantity take-offs for the BOQ from drawings.
- A library of resource masters for materials, operational standards for plants and equipment, labour etc. can be developed based on historic data. Your direct and indirect costs can also be accurately calculated and managed using the resource masters.
- The solution can incorporate many parameters relating to risk and profit, including, for example, taxes, depreciation, escalation and be factored into cost estimating.
- Covers the bid analysis phase before tender, providing what-if analysis and reports during estimating to improve estimating accuracy.
- Tightly built security through authorization to users.
- The solution is compatible with all major CAD and ERP platforms, as well as the SAP estimation and project management platforms.
- User-friendly, this will mitigate the learning curve for the users and stabilize the system in a short timeframe.
- As a powerful tender management software, EASYBID supports automated workflows and centralized control for large-scale, multiphase projects.
- This estimating software also streamlines team collaboration, creating a single source of truth for estimation and project costing.
Challenges in Estimation and Tendering
Common challenges of estimation and tendering include:
- When preparing an estimate, the knowledge and information usually lie with individual estimators, preventing others from quickly and effectively accessing historical information.
- The lack of the database for resource masters and templates makes it a very inconvenient thing for reviewers to validate the estimation.
- Reliance on individuals, improper planning, and unprice costs results in faulty estimates and budget increase during estimation.
- Trying out various estimation scenarios manually, with Excel sheets, or with improper software requires significant time and effort.
- The absence of SAP estimation integration often results in data silos, slowing decision-making and project execution.
- Given the time crunch, companies cannot afford to miss opportunities and must generate accurate estimations quickly.
Benefits of EASYBID
- EASYBID’s estimating software is built to deliver precision and speed. Integration with major ERPs facilitates the use of estimate data during the execution phase, making EASYBID more effective than generic estimating software.
- Resource libraries enable storing expert knowledge and information, making it a permanent part of the system.
- Users can work in parallel on the same projects and components, saving valuable time.
- As a reliable tender management software, EASYBID is highly user-friendly and reduces the learning curve for users, stabilizing the system quickly.
- With this advanced estimating software, businesses save time, reduce errors, and maintain competitive pricing strategies, making EASYBID a trusted estimating software choice for project-driven industries.
Future-Ready Estimation and Tendering with EASYBID
EASYBID is not just an estimating software tool, it is a complete solution designed to accommodate the intricacies of infrastructure and project-driven industries. Today’s industry is demanding to facilitate the need for tender management software, EASYBID will simplify every step in the tender process, improve collaboration among teams, and provide an accurate project cost. EASYBID embeds deep proportionality in the SAP estimation workflow, which allows businesses to directly link estimation data with ERP software to improve project delivery and fiscal management.
Public and Private sector organizations that adopt EASYBID, have a modern, scalable and easy to use interface to enhance tendering processes, improve profitability, and remain competitive in the ever-evolving landscape. This estimating software can help an organization’s overall tendering process become more efficient, take away risks and achieve defined outcomes with continued use of EASYBID estimating software designed to be accurate and scalable. This estimating software gives a business a competitive advantage on scope, time, and integration with ERP systems. EASYBID leads the way with accuracy, speed, and innovation; therefore, it is the ultimate estimating software for businesses that need accurate takeoffs and estimations that are quick and scalable.