Project Budgeting / Rate Analysis and Tendering System
Automatic costing on previous projects, creating libraries, Cash flow computations with integration to MS Project and Primavera Smooth transitions in Units of Measurements complexities in Resource Rate & Unit Building Excel cleaning & Import tools on Tasks/Activities/Subtasks mapping Job mix formula in building rates with linking and mixing Tasks and Activity costing Manpower, Machinery production tools, Resource Usage Rates, Rent & Rate Calculators – Machinery (Rent Library) Material Resource usage rates – weighed mean leads, carriage rates, volume balancing Tools
The Budget app is a sophisticated, cost estimating Software system to integrate various construction delivery mechanism. The systems enable cost estimators and project managers to collaboratively work with multiple projects, multiple estimates, and multiple contracts. A 'short list' of additional capabilities includes the ability to work with multiple cost books/guides/UPBs, track project status, automatically compare estimates, easily copy/paste, clone, and reuse estimates, and integrated sophisticated visual estimating and quantity take-off (QTO) tools. Owners, contractors, architects and engineers are moving to advanced cost estimating and management systems. The level of collaboration, transparency, and information re-use enabled by the system drives 15-25%+ reductions in procurement cycles, 10 times faster estimating.
Features
Activity based Rate Analysis
Automatic costing on previous projects
BI Reports
Cash flow computations
Changing Resource Units of Measurements is easier
Complexities in Resource Rate & Unit Building
Developing cost libraries
Excel cleaning & Import tools on Tasks mapping
Importing Analysis and Resources
Indirect Budget tools
Job mix formula tools
Linking and mixing Tasks and Activity costing
Machinery production tools
Manpower production tools
Master Vs Project Resource Mgmt
Resource Usage Rates – Material weighed mean leads
Rent & Rate Calculators
Resource Coefft breakups and wastages
Resource Usage Rates – Machinery (Rent Library)
Resource Usage Rates – Material Carriage Rates
Subcontracting quotation Mgmt
Task based Rate Analysis
Vendor Rates for Materials
Volume balancing Tools
WBS Vs Schedule resource demands
<p><p>Service cost/hour = Usage Rate per Hour + Fuel Cost</p><p>Machine wise rental calculations are tabulated below</p><p><strong>Enter asset basic cost at [3], its life in hours at [4] and life in years at [7]. Enter Depreciation % at [5], Maintenance % at [6], Interest rate % at [8] and operator's cost at [12].</strong></p><p>System calculates each cost component and sums up as MRate (equivalent market rental rate).</p><p>Select desired Machines and click <strong>Set to Project</strong> at [16]. This will update the Project Resource Rates.</p><p>Click <strong>Set to Master</strong> at [17] to update the Master.</p><p>Click <strong>Export</strong> and <strong>Import</strong> at [18] commands to work with Excel</p><p>Interest Rates generally vary from 5-18%</p><p>[9]. Depreciation cost = Dep % * BasicCost /Life (Hrs) {= [5]* [3 ]/[4]}</p><p>[10]. Maintenance Cost = Depreciation Cost x Maint % {=[8]*[5]/100]</p><p>[11]. Interest = (P*(1+r/100)^n)-P)/(Life Hrs) {=([3]*((1+[8]/100)^[7])-[3])/[4]}</p><p>[12]. Enter Operator cost per hour</p><p>[13]. Total Rental Rate (MRate)/Hr [13] = [9]+[10]+[11]+[12]</p></p>
Calculating lead rate per km is different than calculating weighed average lead. A material may cost USD 10 with in a radius of 1 Km and the same may vary differently with in crease in leads. Rate increase is not proportional to distance, but you have complex formulas. Use system tools to analyze carriage rates. Rate/Unit = Market Rate + (Lead in Km x Lead Rate/Km). When you have multiple source or quarry points, taking average leads may misguide your pricing making your estimates go wrong. Use system tools to analyze weighed leads.
<p></p>
<p><ul><li>Worksheet reports</li><li>Detail RA</li><li>Resource costs</li><li>Material wise costs</li><li>Machinery wise costs</li><li>Machinery mobilization</li><li>Fuel costs</li><li>Cash flows</li><li>Component and Group wise costs</li><li>Task vs Component comparison</li><li>Indirect budget</li><li>Customizable reports</li></ul></p>
<p>Human accidental errors in changing units are not allowed beyond the convertible units. This is a great feature enables engineering calculations go automated free from human errors. Changing Unit is restricted through a process, since it involves its application across many Tasks in the estimate.</p>
<p></p>
<p><p>Ease of working</p></p>
<p></p>
<p><p>Ease of working</p></p>
<p></p>
<p><p>Ease of working</p></p>
<p> The solution provides over 23 Excel macro commands to quickly format Client BOQ into system acceptable format to import. We map each formatted Excel column to relevant field. We can map Rate reference field for backward integration to Excel to fill back Rates into excel.</p>
<p></p>
Preparing your workspace...