InEight Estimate

Build More Accurate Bids

Modernize your bidding process with InEight Estimate, construction estimating software that boosts your accuracy and efficiency. From conceptual planning to final proposals, create reliable estimates using intuitive interfaces, robust benchmarking, and flexible visualizations. Gain the certainty you need to win more business and deliver profitable projects.

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Win More Bids

InEight Estimate increases your chances of winning contracts by enabling more accurate, competitive bids. With access to historical data and industry benchmarks, you can build stronger proposals that demonstrate both value and efficiency. From clear timelines to comprehensive estimates, present bids that instill confidence in your ability to deliver.

Uncompromising Accuracy

Work Faster, Stay Accurate

Speed up your estimating process without sacrificing precision. With InEight Estimate, you can streamline workflows and quickly generate cost estimates for projects of any scale. Utilize pre-built templates, automatic RFQs, and “what-if” scenarios to ensure you’re always a step ahead while keeping your estimates precise and comprehensive.

Time-Phased Estimating

See the Big Picture

Use time-phased estimating to get a clear view of costs over a project’s duration. By linking estimates to schedules, you gain a detailed financial forecast and align your project timeline with your budget, ensuring smoother execution.

InEight Estimate – Key Features

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Top-Down, Bottom-Up Estimating
Develop parameter-based estimates when details are sparse, then build more detailed bottom-up estimates as more information becomes available.
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Cost and Time Integration
Create time-phased budgets and resource graphs to understand the true cost and timing of your project, including cash flow projections.
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Easy Benchmarking
Every estimate feeds into a knowledge library, enabling quick validation against historical data and the ability to analyze unit costs and productivity.
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RFQ Management
Automatically create and manage RFQs to streamline communication with subcontractors and<br /> suppliers, ensuring bid alignment.

Frequently Asked Questions

We waste time prepping information for various stakeholders. How can InEight Estimate help?
With InEight Estimate, the same estimate can serve multiple stakeholders; simply summarize your InEight Estimate data in numerous ways. For instance, allow for the budget file to be sent to an ERP system, submit a proposal in an owner’s bid form, and produce an execution schedule and multiple WBS structures from a single estimate file.
Can InEight Estimate help us use benchmarking and historical data in our estimates?
Every estimate any team member creates in InEight Estimate becomes part of an every-growing knowledge library that provides a reference point for quickly validating future estimate. You can even add as-built data from completed projects when you connect to other InEight software. Use benchmarks for new estimates by simply specifying which historical projects to include. InEight Estimate then continually checks every line item in the estimate against the historical benchmarks. You’ll see high-low average graphs, and get color coding per line based on plus-minus ranges.
How does InEight Estimate help connect our top-down and bottom-up estimating approaches?
Transition seamlessly from top-down estimates created from rough parameters or conceptual plans to fully built out estimates. InEight Estimate gives you the tools to create high-level estimates in seconds; estimators or planners can input basic project parameters (such as square footage of a building or the megawatt capacity of a power plant) and instantly get an order of magnitude estimate with default assumptions. As scope and design details emerge, you can update the assumptions and provide additional inputs to evolve the conceptual estimate into a detailed estimate.
How can InEight Estimate help us more easily incorporate the needed level of detail into our estimates?
When you need a high degree of accuracy, use the unlimited breakdown structures in InEight Estimate. Detail out each line with crews, productivity rates, shift arrangements for overtime pay, resources such as materials and equipment, work hour factors, quotes from subs and vendors, and even varying fuel consumption rates and prices. InEight Estimate lets you create true cost models, not just cost estimates for easy adjustments to current assumptions.
What if we can’t give up some of our Excel-driven processes?
If your estimators rely on extensive estimating spreadsheets with customized calculations and they’re not willing to give them up, you can use dynamic linking. That way, users can use their Excel spreadsheets, but still get the benefits of a database system. You can import data from Excel into an estimate in the aggregate, or link individual values in the InEight estimate to specific Excel cells, for updates in a single click.

Related Resources

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