Mastering the 5D Cost Plan in a Hard Bid

 

In an environment where there are smaller projects with plenty of bidders under a hard bid edict, it’s imperative that you remain competitive with your bid, as well as on your fees and general conditions.

 

How can General Contractors master the estimate, even in hard bid conditions? In this special Fridays with Vico webinar, we’ll demonstrate how Vico Services can help you with bidding strategies and tactics.

 

What:   Mastering the 5D Cost Plan

When:

 available at your convenience

Where:

 a free online webinar

Why:

 strategies to win in a hard bid

How:

 use the form at the bottom of the page to download the webinar

 

 

 

 

 

 

 

 

Vico Services, the professional BIM consulting arm of Vico Software, has developed particular cost planning strategies for hard bids. We’ll demonstrate how you can calculate the cost of the project a a very high level of detail for the parts that are high risk, and leave it at a lower level of detail for those parts that you are subbing out. We’ll also show how to use the model’s visual feedback to determine whether you included everything in your cost plan. If an area or element is not highlighted, it’s not in the cost plan!

We’ll also demonstrate Cost Planner’s markup feature that allows GCs to quickly define and refine profit margins on line items. And the Add-On feature allows you to add non-direct cost margins such as contingency, bonding, and insurance. Finally, you can communicate the calculated price to management, showing how the bid was developed from the baseline cost plan. This tactic is also useful if the owner allows an open book proposal.

 

This webinar is for you and your firm if:
>> Hard bids have become the de facto bidding process in your market;
>> You want to develop hard bid strategies quickly, but might not have time to
     develop a BIM;
>> You know you’ll discover change orders during the project, but you want to
     find them sooner;
>> You understand that construction-caliber quantities drive a more precise
     schedule and estimate - you just haven’t seen it in action;
>> You want to protect your fee and believe that 4D and 5D BIM done right will
     mitigate project risk.

 

 

Learn from your peers with your peers at Fridays with Vico.

 

See highlights of this Fridays with Vico episode on the video clip below. If the content is meaningful to you and your BIM Team, please use the form at the bottom of the page to download the entire webinar.

 

 

We also offer a step-by-step guide to our 5D virtual construction workflow with video tutorials. These videos are just 2-5 minutes in length, but illustrate how to use a particular piece of functionality. You can access the video library index and view just what you need, or download the complete set of training videos.

 

Be sure to watch the other episodes in this special Hard Bid Mini Series:

Scheduling in a Hard Bid

Coordination in a Hard Bid

Should You Build or Buy a Knowledgebase of Cost and Time Elements?

 

If you are interested in model-based estimating in general, please take advantage of these additional resources:

 

Webinar: BIM-Based Estimating Fundamentals

Webinar: The 5D Virtual Construction Workflow

 

Blog: BIM Estimating: Myth Versus Reality

Blog: The Benefits of Cost Planning Versus Estimating

Blog: Quick Steps to Compare Cost Plan Snapshots

Blog: Quickly Update Unit Rates for Material and Labor

Blog: There Is No Easy Button for BIM Quantity Takeoff

Blog: Organizing Your Revit Model to Create Useful Quantity Takeoffs

Blog: Why 5D Comes before 4D in Vico Office

Blog: Quantities by Location Are Key to Costing, Planning, and Controlling Construction Projects

Blog: When Estimators Block BIM

Blog: Lightning Strikes at the BIM Storm for Balfour Beatty and Parsons Brinckerhoff

Blog: Doing Your First Model-Based Estimate

Blog: Does BIM Mean that Estimators Are Out of a Job?

Blog: Keeping Construction Practices Connected

Blog: The Role That Level of Detail Plays in Your BIM Estimate

Blog: Applying Quantity Ratios from Past Projects to Concept Stage SketchUp Models

Blog: A Shortcut to 5D BIM

 

 

System Requirements
PC-based attendees:
Windows® 2000, XP Home, XP Pro, 2003 Server, Vista
 
Macintosh®-based attendees:
Mac OS® X 10.4 (Tiger®) or newer

 

 

Select Recorded Webinars

Vico Office Unplugged

October 2, 2009

 

Scheduling Strategies in a Hard Bid Environment

September 11, 2009

 

Tracking Changes in Construction Drawing Sets

August 21, 2009

 

Introducing BIM for Executives

August 7, 2009

 

Vico Office for Preconstruction and Estimating Teams

July 17, 2009

 

Connecting the Conceptual Estimate to the MPS

June 26, 2009

 

BIM 501: Model-Based Estimating

May 15, 2009

 

BIM 401: Model-Based Scheduling

May 1, 2009

 

BIM 301 Webinar: New Contract Language

April 17, 2009

 

BIM 201 Webinar: 3D/4D Coordination

April 3, 2009

 

BIM 101 Webinar

March 20, 2009

 

Swinerton Builders

February 27, 2009

 

Introducing Vico Office

February 20, 2009

 

The McGraw-Hill BIM SmartMarket Report

February 13, 2009

 

Suffolk Construction and the Torrey Pines Project

January 30, 2009

 

Hensel Phelps and the Denver Justice Center

January 23, 2009

 

Trimble and Vico - Bringing BIM to the Field

January 16, 2009

 

Webcor Builders and the Model Progression Specification

December 19, 2008

 

St. Joseph's Mission Hospital Virtual Mock-Up Case Study

November 14, 2008

 

Vico's Win the Deal Bundle

November 7, 2008

 

Vico for Concrete: Lift Drawings and More

Oct 17, 2008

 

Vico 101: An Introductory Webinar for Virtual Construction

Oct 13, 2008

 

Virtual Construction with the PCL Family of Companies

Sept 25, 2008

 

Orchestrating BIM the Vico Way

August 15, 2008 

 

 

 

Hard Bids 201 - Estimating