Eos Group | Blog

Benchmarking for Estimators: A Practical Perspective on Programs

Posted by Terry Morrison on Apr 17, 2018 11:24:00 AM

Cortex Image Composition

Programs pose a unique challenge for estimators hoping to capitalize on project history. Projects constructed as part of a group or program are often executed in fundamentally different ways than their stand-alone counterparts, which offers economies and efficiencies that do not exist for stand-alone projects.

Consider a stand-alone hotel project and a program that consisted of two identical hotels: Hotels B and C. Hotels B and C shared a single equipment crew and crew mobilization, so they benefited from design and material economies. It’s pretty easy to see that including Hotels B and C in a study to establish the cost of the next stand-alone hotel is complicated.

As I observe companies implementing benchmarking systems, I see them wanting to compare programs more from a finance than an estimating point of view. In the finance scenario, the benchmarking tool is used as a bid adjudication tool or program-level cost estimate report. Rarely would a contractor be called on to reproduce entire cookie-cutter programs made of identical building types and have enough history building those programs to leverage a dataset for developing future programs of the exact same type.

If benchmarking is all about comparing projects and not programs, the data within a benchmarking system should prioritize the support of project-level analysis with project scope consistently organized across all projects. So while the ability to collect program-related projects together in a single view is helpful, strictly speaking, it isn’t the job of a benchmarking tool. That task is better suited to a reporting or adjudication tool.


Topics: benchmarking, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Estimating, Cortex Project History, Cost Engineer, Cortex, Benchmarking Solution, Project Analysis, Eos Cortex

Subscribe to Blog Updates

Recent Posts

Posts by Topic

see all