InEight Estimate
Streamline the entire construction estimating process by creating detailed estimates based on historical benchmarks. We give you the confidence to know that the job can be built for the budgeted cost.
Benefits
InEight’s construction estimating software streamlines the entire estimating process by creating conceptual and detailed estimates based on historical benchmarks. We give you the confidence to know the job can be built for the budgeted cost.
- Connect estimates and schedules to visualize time-phased costs and resource utilization
- Manage changes as estimates evolve from conceptual rough orders of magnitude to detailed work plans
- Standardize estimates across your organization
- Leverage historical benchmarks for increased accuracy
Common Challenges
For Owners
For Contractors
Have more confidence in your estimates
Answer the question “where did you get that number?” by leveraging internal norms and 3rd party data sets.
Difficulty pinpointing changes in scope as estimates evolve
Compare versions of estimates across estimate classes to identify and measure cost differences associated with scope growth.
Limited visibility into the relationship between cost and schedule
Because cost estimates can be linked to scheduling systems such as P6 and Microsoft Project, a clearer picture of project cost and timing comes into focus.
Win more profitable work
Easily identify low margin projects prior to investment of resources, instead focusing on pursuit of high value opportunities.
Turn chaos into order
Easily compare and edit quotes from subcontractors and vendors up until the last minutes with integrated quote management tools.
Have more confidence in your estimates
Answer the question “where did you get that number?” by leveraging internal norms and 3rd party data sets. Create more standardized, accurate cost estimates.
Standardize your estimates
Standardize the construction estimating processes using templates, rate libraries, norms and third party cost databases.
Limited visibility into the relationship between cost and schedule
Because cost estimates can be linked to scheduling systems such as P6 and Microsoft Project, a clearer picture of project cost and timing comes into focus.
Discover More About Construction Estimating
InEight has the solutions you need to achieve project certainty. Learn more about InEight’s solution for more accurate estimating by clicking below.
FAQ
Project cost management is the discipline of managing project costs, schedule and scope. The greatest ability to affect a project’s outcome is prior to and during construction. Accurate estimates help to avoid missed costs, but just as importantly, regular monitoring of field execution efforts can help create accurate forecasts. Change management tools can help to add structure to an ever-evolving project landscape.
When using construction cost estimating software, users typically follow either a top- down or bottom-up approach. Top-down estimating is typically used to establish early stage project estimates and budgets. Bottom-up estimating takes into consideration the labor, equipment and materials that are required to do the work, in addition to assumptions about productivity. In many cases, top-down estimates evolve into detailed, bottom-up estimates.
Construction bidding and bid proposals should include a proposed price to perform the work. The price should be the sum of all project costs, plus anticipated margin. Costs can be organized by category (labor, materials, equipment, etc.) and may include both direct costs and indirect costs. Margin is typically an indicator of risk.
Related Integrations
Training and Support For Ineight construction estimating software
Whether it’s product on-boarding, training or technical support, InEight offers a wealth of services to assist you:
- Structured services delivery program
- Global product support
- Education and training