Harnessing the Estimating IP in Your Firm
We all remember the film Raiders of the Lost Ark. Indiana Jones swashbuckles his way through obstacles, mazes, and a pit full of snakes to find the Ark of the Covenant. We also remember the very disappointing ending with the crate disappearing into oblivion in a warehouse.
Caption: Do you think all these artifacts are catalogued and indexed? If this warehouse looks like your filing cabinets for past bids and projects, we can help. Modelogix can turn all your past project data into answers for your estimating team today.
But isn’t that the same thing that happens after every bid? The Estimating Team bunkers down in the war room, pulling together reams of data from subs, past jobs, costing info from every source imaginable and all under incredibly tight deadlines and pressure. And then, whether you win or lose the job, the estimate gets filed away never to be seen or heard from again.
What kind of effort went into that bid? About $10,000 worth of human capital? If you spent $10,000 on a new piece of capital equipment, wouldn’t you expect a certain gain, a certain yield? So what can you garner from a project estimate?
Watch the archived Modelogix webinar and find out!
During Friday’s webinar, we took a close look at Modelogix – a new estimating tool from the Trimble Buildings group. With this tool, you can pull together past estimates, grouped by project type, filtered by location, adjusted for inflation. With this tool, you can benchmark the completeness of your current estimate based upon your project history. With this tool, you can produce conceptual estimates in a snap, hone in on budgets as you learn more design details, and sanity check the estimate for scope.
Intellectual property isn’t just for inventors and pharmaceutical companies. Intellectual property is in your firm’s filing cabinets. It’s all the pricing data for labor, materials, installation, everything that goes into your projects. Harness it to make estimating more science than art.
Who: The Team from Trimble
What: Adding Modelogix to Your Estimating Arsenal
When: Archived for our convenience
Where: Download the recorded movie directly to your desktop
Why: See how quickly you can populate new bids with past project data to never miss scope again
Everyone on your estimating team will want to see this webinar, especially if you want to:
- Bid on more projects and do it faster;
- Harness the immense power of the data currently trapped in your past projects;
- See what went wrong with past suppliers or crews to compensate in the new bid;
- Create multiple cost models for multiple scenarios (owners love this!);
- Create accurate cost range and variance data reports for bid day;
- Slice-and-dice the data any way you want it, with costs broken down by CSI code within each Uniformat type -- coming right up!
If you want to catch a sneak peek of what we showcased in the webinar, check out our movie trailer below…sorry, no John Williams score…
Learn from your peers, with your peers, on Fridays with Trimble!
(No archaeological experience needed…and no snakes!)
Here are more resources to get you started with Modelogix:
Webinar: Adding Modelogix to Your Firm's Estimating Arsenal
Product: Modelogix to Leverage Project Cost History
FAQs: Read through Frequently-Asked Questions about Modelogix