Video - InEight Estimate - Quantity Ratio

TRANSCRIPT

Welcome to InEight Estimate.

In this video, we'll cover the Quantity Ratio function within a cost item.

Understanding Quantity Ratio

A Quantity Ratio represents the proportion between the quantity of a cost item and the quantity of a specific resource employment.

When you scan your estimate and find a quantity variation that just doesn't look right, that's when you'll find value in the quantity ratio column. In this case, we're estimating a retaining wall. And while fifty pounds of rebar may be appropriate for a typical concrete slab, for this project, the rebar factor should be closer to seventy five pounds per cubic yard.

To solve that concern, we can edit the Quantity Ratio field to change the resource employment quantity.

This ratio field makes it easier to ensure the right amount of a resource, for a given cost item quantity is being applied.

Changing Scope

Let's say there's a scope change requiring more retaining wall.

Note that when you change the quantity of a cost item, you'll be prompted to indicate if you want to have the total cost or unit cost change. In this case, we'll select total cost.

Note that the quantity of our resource updated according to the new ratio we provided.

Now we can be confident that if we need to modify the forecast to take off quantity, that quantity ratio will be applied, and the quantity and resulting cost of its resource employments will be updated.

And that's a quick overview of the quantity ratio function in InEight Estimate. Thanks for watching.