Bid Closing allows estimators to finalize bids in three steps: visualization of costs under the Cost distribution tab, determination of the Mark-up/final bid price under the Scenario configuration tab and final bid price adjustment under the Scenario adjustment tab.

Cost distribution tab

  The main features are:

• Distribution of project costs over the 14 standard elements of the distribution structure;
• Distribution of the 14 standard elements of the distribution structure into the following categories: Equipment, Labour, Materials, Bulk, Miscellaneous, Sub-contractors, Budgeted Items, Risk factor items, Contingencies, Social benefits, Overtime, Premium, Risk factors and overheads;
• Option of personalizing the cost distribution structure;
• Verification tool scanning for irregular resources (ex.: quantity, production and price at zero);
• Distribution of detailed labour hours;
• Bid closing and cost distribution;
• Graphic representation of the cost distribution;
• Visualization of the cost distribution according to the different currencies applied to each of the cost distribution structures.

Scenario configuration tab

The main features are:

• Presentation of the project according to estimated and the bid quantities, distributed along the standard cost distribution structure;
• Administration and profit margin applied in various forms (ex.: in percentage, by resource, globally, etc.);
• Comparative cost analysis between estimated quantities and bid quantities;
• Application of Mark up and final bid price according to the various currencies used and, subsequently, according to the resource type forming each currency category;
• Graphic display of the results (ex.: direct and indirect costs, profits, risk factors, etc.);
• Tool allowing for bid bond and insurance calculation;
• Possibility of distributing the mark-up and final bid price according to three methods.

Scenario adjustment tab  

  The main features are:

• Bid unit price calculation, after distribution of indirect item costs;
• Final bid amount adjustment according to final price, final amount and percentage by item;
• Round-off function to keep the most significant value of each final price;
• Bid unit price optimization function;
• Exportation of bid information to any type of spreadsheet program;
• Step-by-step follow-up of adjustments;
• Multiple closing scenarios.