Eos Group | Blog
It’s common during the preconstruction or feasibility phase to receive a request for a rough order of magnitude forecast for a theoretical future project. These requests have different names: initial budgets, preliminary proposals, first price responses, feasibility-stage estimates, or best guesses. There are also more colorful names, but I digress.
When I witness confusion in the markets we serve, I try to bring clarity to improve the decision-making process. Education is vital to advance our knowledge and improve our systems.
Topics: Nick Papadopoulos, benchmarking, Project History, Cost Estimating, Estimating, Cortex Project History, Benchmarking Solution, Project Delivery, Process Management System, Project Estimate, Historical Data Management, Operational Management System
I think Seth Godin is a gifted writer and his latest blog post inspired me to write this one.
I often hear the phrase “bigger is better.”
I will push back on that.
Common ground. Common source. Common basis. We use these words interchangeably when we talk about our data, but few companies have achieved it.
It’s impossible difficult to make good decisions as a team if you don’t agree on the data.
Topics: Cost Management, Nick Papadopoulos, benchmarking, Cost Estimating, Eos Group, Estimating Software, Estimating, Benchmarking Solution, Preconstruction, KPIs, WBS Code, Data, Data Analysis, Project Management
Construction estimating is on the verge of a data explosion. As virtual design and construction methods increase in use, preconstruction teams are dealing with tens to hundreds of estimate iterations depending on a project’s size. Estimators need to find an effective way to organize, manage, and control that information. And they need to leverage it to make better decisions and forecasts.
Even more traditional estimating teams are dealing with an excessive number of project changes that require quick feedback on the cost impact of each design modification. With local, network, and cloud data storage now readily available and cost effective, there’s no longer any reason not to capture data that can help provide faster, more reliable cost feedback.
Topics: Cost Estimator, Sage Estimating, Sage Timberline, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Sage CRE, Sage 300, BIM Integration, Building Information Modeling, Sage Construction and Real Estate
Let’s face it. We are all biased. Bias stems from our past and our current environment. It influences our future. Bias shapes the way we feel, the way we think, and our behavior. It drives our decision-making process more than we care to admit.
2017 will be a big year for our team.
We’ve been working hard for quite some time on a new benchmarking solution. While we’re still in the sausage-making process, the light at the end of the tunnel is looking bright and I can’t wait to show you what we’ve come up with.
Topics: Cost Estimator, Eos High Voltage Knowledgebase, Sage Estimating, Sage Timberline, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Sage CRE, Sage 300, Sage Construction and Real Estate, Estimating, Discovery Workshop, High Voltage Knowledgebase, Substations, Transmission Lines