Estimating

Estimating is usually the first phase within the project. Estimating is often the most critical phase within the project, as correct estimating and bidding will result in obtaining the project contract. You can create an estimate project. For each estimate version, a complete estimate can be simulated.If the estimate is accepted, a bid can be created from the estimate version.

  • Estimate

    The estimate process prepares a proposal, a quotation, or a bid. The estimate consists of the sales price and information on the proposed scope. The estimate contains information on the project schedule and on the contract.

  • Estimate structures

    In estimates, estimate version structures are used to order or to classify the estimate. In many cases, you can use multiple estimate-version structures to create different classifications of the estimate data.

  • Estimate line levels

    An estimate level type determines which estimate lines are used to aggregate totals for a bottom-up structure. An estimate level type determines the top-down amount of a structural element.

  • Launch estimate to budget

    You can use this option when the work can begin, the bid is accepted, or when you must order items that have long lead times.

  • Using a bid

    For the preparation of a bid, you must select particular lines of an estimate version. To store the documents that are associated with an estimate, use the standard document management functionality. These templates include a Microsoft Word template, Project Plan, CAD drawings, Microsoft Excel calculation sheets, or any other documents related to the estimate.

  • Aggregate amounts for primary structural elements

    Aggregate amounts for a range of projects. The totals of the primary structural elements are updated before the totals are aggregated for the primary structure. The process aggregates the amounts in the project currency and all home currencies.

  • Verify top-down estimate consistency

    Verify whether the top-down estimate based on the primary structure is consistent for either for the specified substructure or the entire structure. The top-down consistency verification is performed for one estimate version only.

  • Prepare bid

    Select which part of the estimate lines falls into a bid. You can select either the primary structure and the estimate lines linked to the structural elements, or select estimate lines that do not have a primary structure.