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Estimation & Tendering

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Estimation & Tendering

Challenges:

Estimation is one of the core processes in project oriented industry like infrastructure. It extends to any type of contract like item rate, lump sum, cost plus and covers all models like BOT, EPC, etc. The common challenges of estimation and tendering are as follows:

  • The knowledge and information while preparing estimate resides with individual estimators. Others are not able to access the history of information quickly and easily.
  • Non availability of database for resource masters and templates makes it very tedious task for reviewer to review the estimation
  • Dependence on individuals, improper planning and missing costs lead to inaccurate estimates and budget escalations during estimation
  • Trying out various estimation scenarios manually/ with excel sheets/ improper software requires lot of time and efforts
  • Given the time crunch it is critical that companies do not miss the opportunity and get accurate estimation

Solution:

Highbar with its alliance partners provides estimation solution which covers all scenarios of estimation and tendering. The key features of the estimation solution are:

  • Automated quantity take-offs for bill of quantity (BOQ) from drawings.
  • A library of resource masters for materials, operating norms for plants and equipment, labour etc can be built based on the historic data. Also direct and indirect costs can be calculated accurately using the resource masters.
  • Various parameters related to risks and profitability such as taxes, depreciation, escalations can be loaded in the solution and factored in while estimating.
  • Covers bid analysis process before tender providing what-if analysis and reports that help accuracy check of estimation
  • Tightly built security through authorization to users
  • The solution integrates with all major CAD and ERP tools and project management solutions

Benefits:

  • Integration with major ERPs facilitates use of estimate data during execution phase
  • The resource libraries enable to store the knowledge and information of experts and make it part of the system
  • Users can work parallelly on same projects and components saving time
  • The solution is very user friendly and reduces the learning curve for the users to a great extent and stabilizes the system in short period

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