BUILT-IN BENCHMARKING
Validate Capital Project Estimates Using Historical Data
Reduce the risk of under- or overbidding your capital projects with the built-in benchmarking capabilities of InEight Estimate. View high, low, and average costs and productivity rates from past projects to visually assess if your numbers are within a realistic range. Make faster, more confident estimating decisions using real-world data you already trust.
REAL-TIME ESTIMATE VALIDATION
DEFEND EVERY LINE ITEM AGAINST HISTORICAL ACTUALS
Adjust estimate line items where necessary using the benchmarking capabilities of InEight Estimate. Integrated into the estimating workflow, current estimates are compared against historical actuals in real time. Visual cues highlight variances, helping you quickly identify potential red flags or confirm that your numbers are in line with past project performance.
MANAGE COST VOLATILITY
VALIDATE HIGH-RISK COSTS WITH REALISTIC RANGES
Not all costs behave the same. Built-in benchmarking helps identify typical ranges for volatile costs by comparing unit costs and productivity rates across relevant past projects. Estimators can select values that reduce risk without unnecessarily inflating bids.
DATA-BACKED ESTIMATE IMPROVEMENTS
IMPROVE ALIGNMENT ACROSS ESTIMATING AND PROJECT TEAMS
Estimates backed by historical data create confidence across estimators, preconstruction teams, executives, and owners. Benchmarking brings transparency to the estimating process, helps justify decisions, and reduces review cycles and rework. As you complete more projects, benchmark libraries expand to create a cycle of continuous improvement and better-informed future estimates.
We can put together estimates at least 50% faster with InEight. It allows us to move faster and spend less time doing estimates—while still having confidence that they're right.
- Dave Maynard, President, Gradex
As a manager, I'm not willing to trade for accuracy. When we hand a client a deliverable, every dollar in that estimate should be accounted for, and InEight allows us to have that amount of detail.
- Scott Brower, Project Controls Manager, HNTB
The precision we get from InEight Estimate provides the confidence we need. In today's competitive market, there's no room for errors.
- Bob Carlson, VP Estimating, Hunter Contracting Company
InEight helps us understand the costs and communicate that to the people that are working on the project.
- Joseph Francisco, Vice President of Pre-Construction, Blois Construction
Related Resources
From Bid to Bottom Line: Estimating with Certainty in Capital Construction
Discover how connected technology and modern estimating practices enhance accuracy, mitigate risk, and drive success in capital construction.
Confident Bids Start Here: A Buying Guide for Leading Estimators
Your estimating software helps protect your bottom line – if it fits the way you bid and build. Find the right estimating solution with help from our guide.
Estimating Practices That Build Certainty
In uncertain times, estimates that inspire confidence have a competitive advantage. Learn three approaches top estimators use to build rock-solid confidence into their estimates.
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