The CostEng Difference
Integrated data services – Unique to CostEng
A key ‘point of difference’ with CostEng estimating solutions is the automatic access to proprietary data services. The current data available includes physical properties such as weights and surface areas, and manhours for fabrication and or site installation activities.
The CostEng estimating solutions have been specifically designed from the outset to provide more than an estimating software tool by incorporating automatic access to mission critical reference data.
This technology is unique to CostEng and is the result of decades of ‘first principles, research and development culminating in international patents.
Create benchmarks and grow corporate knowledge
Another key aspect of the CostEng technology is to provide facilities to assist in the development of benchmark information against which estimates can be measured. This establishes confidence by those undertaking estimate preparation and those charged with review and approval of final outcomes.
Consistent ‘in-house’ facilities based on known structures and formats with the transparent ability to ‘drill down’ into the detail is a unique feature of the CostEng estimating software.
These facilities also provide the basis of capturing Corporate Cost Knowledge which enhances the confidence of estimates created. The more CostEng is used, the more information is captured. One of the key factors for good decisions is the quality of information on which the decision is based.
Estimating productivity, efficiency and cost effectiveness
The preparation of capital cost estimates for major projects requires the co-ordinated input of information from a number of sources including design staff, suppliers and estimating engineers.
CostEng estimating software has been designed with an intuitive user interface that can assist in coordinating input from multiple sources and maximise the effective use of junior staff for more basic tasks. This is evident in the estimating modules for ‘bulk’ materials such as piping, electrical and civil works resulting in effective resource management and reduced estimate preparation costs.
A complete estimating solution
The CostEng estimating software includes a broad range of modules for undertaking material take-off, sub-estimates for 'bulks' such as piping, cabling, concrete etc, and overall project direct and indirect costs. Facilities to import materials lists from external sources such as CAD are also available.
CostEng estimating software also provides for user defined coding systems, productivity factors, exchange rates, overheads and profits.
The CostEng estimating tools are design by estimators for estimators and conform to the practices promoted by the Association for the Advancement of Cost Engineering International.