Video - InEight Estimate - Bid Tabulations

TRANSCRIPT

Estimators will often need a way to track competitive information at a unit price level for reference or to use on a future bid. Using the Competitor's register, you can add and keep track of companies that have submitted bids as well as record and track competitor bid prices at the bid item level. This register mimics the pay items that you have in your job and allows you to enter your competitor's pricing to the extent that you have it. If you get the bid tabulation back from the owner in Excel, you can copy and paste the competitor's information in this register. Otherwise, you can hand enter the data. This information is useful to analyze competitor pricing for each pay item at the job level.