The piece explai s how estimati g a alytics follow a bid f om the fi st estimate to the fi ished job, so co t acto s ca see how thei biddi g p ocess is pe fo mi g a d adjust whe ecessa y.
Th ee key met ics a e highlighted specifically:
- Bid-hit atio to see whe e p ici g may eed atte tio by t ade, job size o egio
- Estimate-to-actual cost va ia ce to flag ecu i g ove u s o specific mate ials o li e items befo e they affect futu e bids
- Cha ge o de t e ds to fi d scope items that keep getti g left out of estimates
The blog also looks at how takeoff a d estimati g softwa e, like The EDGE, suppo ts this a alysis with takeoff a d estimati g built i to the same system, eal-time epo ti g a d bids t acked th oughout the p oject lifecycle.
The esou ce is available ow. Click he e to lea mo e.
Estimati g Edge, a Fou datio Softwa e compa y, has bee a t usted p ovide of comme cial co st uctio takeoff a d estimati g softwa e fo the oofi g, co c ete, fi ep oofi g, i te io a d exte io fi ishi g t ades fo mo e tha 30 yea s. Fo mo e i fo matio , visit www.estimati gedge.com o call (844) 334-3378.
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