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Danaos

Cost Estimator

Quantify. Evaluate. Predict.

Evaluates project blueprints, material costs, labor expenses, and market trends to create accurate and competitive cost estimates that support project feasibility, budget planning, and successful bid submissions.

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Key Responsibilities

  • Quantity Takeoff: Measuring and quantifying materials, labor, and equipment required for a project.
  • Cost Analysis & Forecasting: Evaluating historical data, market trends, and supplier pricing to predict project costs.
  • Bid Preparation: Compiling detailed cost estimates and proposals for client submissions.

Reliable Cost Estimations with ProjectVIEW’s Integrated Functionality

01
Ensuring Accuracy with Quantity Validation
ProjectVIEW ERP enables cross-checking and validation of quantities imported from Excel, against measurements from 2D drawings and BIM model entities (when available)
02
Detailed Cost Breakdown Creating BoQ Work Steps
Enables the creation of new BoQ sub-items as nested/detailed lines (Work Steps) within the tree-structured BoQ, to provide granular cost analysis
03
Segment the BoQ into Packages and Divisions to streamline tendering
Allows the segmentation of the BoQ into Packages (for potential subcontractors) and Divisions (for tendering teams like EPC and Civil Works)
04
Utilising Optimized Cost Recipes (Knowledge base)
ProjectVIEW ERP allows Cost Recipe Association with BoQs, enabling immediate population of resources for accurate and accelerated cost estimation.
05
Budget Scenario Planning
Integrate indirect cost templates, overhead, profit margins, and risk assessments into the budget, then perform a recalculation for scenario planning purposes
06
Risk and cost forecasting
ProjectVIEW ERP forecasts inflation-based costs and risks, allowing for realistic risk assessment, and supporting multiple budget versions for version control and comparison of different cost scenarios
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