Create Cost Budgets from historical data

Once an outline budget price is mentioned to a client it can very quickly become, in his or her mind, an estimate and then a maximum fixed price tender figure! For this reason it is as well to ensure that your cost planning is based on sound information. Preferably your own information based on accurate historical data.

ConQuest cost planning software facilitates this by allowing the user to convert any ConQuest project into an elemental job analysis. The system comes with pre-set elemental cost planning headings based on industry standard forms of analysis. Items in a ConQuest job are attached to these elements and the system creates an analysis. Each element is measured creating elemental rates and also an overall m2 rate based on the gross floor area. These elemental job analyses are stored along with information such as the location, building type, form of construction etc.

When a new project is being considered the user can access this databank to select a number of previous projects which he considers to be appropriate. The system has the ability to update elemental rates to take account of increased costs, market conditions and other factors. The user is then able to arrive at elemental rates for the new project by comparing, contrasting and carrying out a range of arithmetical functions on the historical elemental rates.  The resultant elemental rates form the basis of the cost plan along with an elemental measurement based on the outline information for the project in hand. Further analysis can be carried out at group element, element, and sub element level before production of a cost plan.

As more detail becomes available during the cost planning process the composite pricing library can be used to provide a greater level of detail. The user is able to make assumptions about key elements e.g. the type of upper floors. If his assumption is wrong or the design changes a different form of construction can be substituted in seconds.