Estimating – Overview
A finely tuned estimate makes the world of difference in bid selection as well as project profitability. A bid that is too low runs the risk of being an unprofitable project, while a bid that is too high runs the risk of not receiving the contract. The estimating team spends a lot of time and thought in creating detailed estimates, so it’s important that the estimate is seamlessly transferred to project management to track actuals against.
A detailed estimate seamlessly transferred into the eSUB project management system allows project managers to closely track and compare actual costs against the different breakdowns within the estimates. This operational data provides valuable historical information to improve estimating accuracy. eSUB integration with estimating solution serves as the operational bridge Because job between estimating and accounting to deliver full cycle job costing and higher profitability.