Methods of estimating

For over 15 years we have been working with our clients to develop world-leading solutions for estimating all types of projects; from small day-to-day quotes through to major maintenance and construction projects. The result of this is a level of flexibility that is not found in any other estimating system.

For a user this means that you have the freedom to utilise the most efficient and effective methods to suit your individual Project.

For an organisation, however, this means that you can implement a single, consistent estimating system across your business with confidence.

The following list shows some of the main methods of estimating within Benchmark Estimating Software…

Run a Routine for a day-to-day quote or a repetitive task

This method is ideal for small day-to-day quotes and more complicated Items in an estimate with many parameters. Routines are completely customisable to your business to suit any application.

Add standard Items from a central Item Library

This method is ideal when your organisation is creating the schedule of Items (scope of work). After you add Items from your Library, they can then be easily adjusted if required to suit the Project.

Price new Items from first principles

Benchmark Estimating Software allows estimators to build Items, even complete Projects, from first principles by adding in your Labour, Materials, Plant and/or Subcontract components. These components can be added from a central Resource Library or added into a Project.

Import a Bill of Quantities and price it

If you are given a Bill of Quantities from a Client, you can import this electronically into your Benchmark Estimating Software estimate. You can then price this using many methods including the powerful “Auto Allocate” function.

Price a long term maintenance Contract with Power Routines

If your Project involves many different sites/locations, Power Routines will dramatically improve the speed and consistency of estimating these important, major projects.

Prepare a Three Point Estimate using the TPE/Risk module

This method will produce a minimum, most-likely and maximum price for a Project based on “three-point-estimating” techniques and probabilistic Risk Analysis. read more.

The above range of methods, together with its renowned simplicity, is why many organisations select Benchmark Estimating Software as their standard estimating system.

For a complete list of Features in Benchmark Estimating Software, read more.

or request a guided demonstration