Accurate, efficient estimates are key to winning competitive bids, as they not only demonstrate a company's ability to deliver projects within budget and on time but also build trust with potential clients by showcasing a thorough understanding of project requirements and cost management.
CausewayOne Estimating is a true cloud-based solution allowing teams to access and manage estimates anytime, anywhere, collaborating in real-time. The Comparisons feature helps estimators make better decisions by comparing contractor quotes with ease. This innovative tool allows users to quickly analyse and contrast various contractor pricing, ensuring that every aspect of the bid is thoroughly evaluated. By providing a clear, organised space for comparison, it empowers estimators to identify the most cost-effective and reliable options, ultimately enhancing the overall quality and competitiveness of their bids. Watch the video to learn more about Comparisons or explore how the CausewayOne Estimating Library Maintenance tool can save you even more time.
Here's four ways this powerful tool can streamline your estimating process:
1. Ensure Competitive Pricing and Save Time
The Comparisons screen allows you to effortlessly compare rates across multiple subcontractors, providing a comprehensive overview of all available options. This feature makes it easy to identify the most competitive bid by presenting detailed pricing information side by side, enabling you to make informed decisions quickly. By streamlining the comparison process, it helps you save valuable time that would otherwise be spent manually analysing each quote. Additionally, it ensures that your pricing remains competitive across the board, giving you a significant advantage in securing bids and maintaining profitability.
2. Reduce Errors and Maintain Accuracy
With the ability to compare rates across different addendum versions, you can maintain consistency in pricing throughout the entire bidding process. This feature ensures that any changes or updates to rates are seamlessly integrated and easily tracked, providing a clear historical record of pricing adjustments. If a rate becomes inaccurate or deviates from the expected value, you’ll be promptly alerted through intuitive, colour-coded icons, which serve as visual cues to highlight discrepancies. This proactive approach significantly reduces the risk of errors, ensuring that your estimates remain precise and reliable, thereby enhancing the overall integrity and trustworthiness of your bids.
3. Enhanced Visibility and Easy Tracking
The tool uses colour-coded icons to clearly indicate changes, helping you manage rates more effectively by providing immediate visual feedback on any adjustments or discrepancies. These intuitive icons make it easy to spot variations at a glance, ensuring that you can swiftly address any issues that arise. Additionally, the feature of adding notes to specific priced items or subcontractors significantly enhances collaboration among team members. By allowing detailed annotations, it facilitates better communication and understanding of pricing decisions, ensuring that everyone involved in the estimating process is on the same page. This capability not only improves the accuracy of your estimates but also allows for more efficient tracking of pricing decisions, ultimately leading to a more streamlined and transparent bidding process.
4. Streamline Pricing Adjustments
The Comparisons feature allows you to make global pricing adjustments or adjustments to specific subcontractors, giving you the flexibility to negotiate and manage costs on a more granular level. Additionally, you can apply discounts to specific contractor packages. This capability ensures that you have complete control over the financial aspects of your project, enabling you to make strategic decisions that optimise both cost-efficiency and quality, while making pricing adjustments quick and efficient. By providing such a versatile tool, the Comparisons feature empowers you to handle complex pricing scenarios with ease, ultimately ensuring that your bids are both competitive and financially sound.
Utilising CausewayOne Estimating enables estimators to enhance visibility, precision, and teamwork—resulting in more competitive and successful bids. Learn about the Library Maintenance tool here.
