Successful projects start with accurate estimates. Boost your estimate integrity and learn to make better use of your project data in this engaging AACE webinar.
Benchmarking for Success in Construction Estimating
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Bid too high, lose the job. Bid too low, lose your margins. What's a profit-minded, growth-oriented company to do?
Join our conversation with Quanta Services' Jody Greer, Director of Estimating & Project Controls, to hear how Quanta modernized its estimating work to balance their win rare with accuracy and scale their estimating function in a fast-paced environment.
You'll learn first-hand the details of how they transformed their estimating process, including during their acquisition of operating units, allowing them to expand into new international markets. In short, how they learned to bid it like they build it, and how you can too.
Key Learning Objectives:
- Standardizing estimating processes for growth without losing expertise and autonomy across your operating units
- Gaining complete control of your cost breakdown structure, i.e., estimating based on actual work procedures that are used to do the job
- Meeting customer bid requirements on your terms, giving your clients what they need without giving up your proprietary data and maintaining your estimating process
- Enhancing the accuracy of your estimating team while increasing their productivity
- Embracing the right "bid it-built it" technology, increasing confidence and improving hit ratio
As a construction professional, you are already aware of the crucial role accurate forecasting plays in your capital projects. You know that a well-executed forecast can protect funds and guard against lost revenue, ensure compliance with protocols and contractual requirements, and give you greater control over delivery costs and project payments. But short of a crystal ball, forecasting can be frustrating at best and disastrous to a project if you get it wrong. It may be tempting to just “leave it to the experts.” However, that’s not your best course of action, and here’s why.
In truth, everyone on a construction project uses some element of forecasting, whether dealing with cost or revenue, scope or duration, or labor and resource allocation. Therefore, everyone should aspire to be a great forecaster. But where do you start, and what does superior forecasting look like?
Join InEight’s Product Director, John Upton, and Client Success Director, Megan Siefker, plus special guest, certified Superforecaster and CEO of Good Judgement, Warren Hatch, as they explore and explain what it takes to become a great forecaster no matter where you are in your construction journey.
In this webinar, topics covered will include:
- How looking into your project’s “rearview mirror” can lead to your best future outcomes
- Avoiding the dreaded optimism bias by realizing that your data doesn’t lie
- Why accounting for the future always means accounting for costs within time-phased forecasts
- The best way to integrate scope, cost, and schedule for timelier, smarter decisions
- What it means to be a Superforecaster, and how you can start using their best techniques now