Launching on November 11, 2024, Quick Pricing is a highly anticipated new feature in HCSS Pre-Construction, the powerful module for HeavyBid. The name says it all, designed to equip estimators and executives with quick, high-level project cost estimates. This tool supports informed go/no-go decisions by leveraging historical data and applying relevant costs to a bid template. Rough pricing can now be available in minutes instead of days, saving estimators a substantial amount of resources.
How the Quick Pricing Feature Works
Quick Pricing fills a crucial gap when evaluating incoming projects by giving HCSS users a solid idea of project costs before committing to a detailed estimate. Pulling from synced or archived estimates and Pay Items with known prices, an approximate cost estimate is quickly generated that gives decision-makers a fast, reliable way to evaluate a project’s financial potential.
Thanks to this feature, estimating teams can now determine upfront if a project is worth the investment, avoiding potential low-value projects that might not be worth the hassle. This also helps users understand historical cost patterns for individual bid items, arming them with additional context for future pricing and making smarter choices.
Benefits for Estimators, Executives, Procurement Teams, & Billing Departments
With minimal setup, estimators benefit by gaining a preliminary understanding of a project’s potential cost. This temperature check allows them to make faster decisions on which jobs to pursue.
Executives can access rough project cost estimates that align with revenue goals, helping them focus on projects that align with strategic objectives, while procurement teams gain insight into expected costs.
Utility billing departments are able to quickly find the list of Pay Items and prices for any given job, simply by looking at the associated project. A full record of all items and prices is then available on a date-stamped report.
Faster, More Informed Decision Making for All Customers
Quick Pricing serves a broad range of companies and project types across the industry, including heavy civil construction that spans highways, streets, and bridges, as well as those in the utility infrastructure sector. These are typically high-stakes projects that benefit significantly from early cost assessment.
HCSS customers, regardless of what type of work orders they are managing, can immediately gauge if a project aligns with their profitability goals. These on-the-spot quotes can offer a competitive edge long before making the decision to invest time and resources into a complete quote that will be held to the fire.
Although Quick Pricing will never replace detailed estimates, the feature delivers a proven way to approximate project costs and resources, helping to prioritize only those projects that meet strategic profitability targets.
Quick Recap of Benefits
We get it – you’re crazy busy, and with that massive workload comes a lack of time. That’s what HCSS is all about, helping give you back time, which is irreplaceable. Here’s a quick recap of what Pre-Construction can now do for you with the introduction of Quick Pricing:
- Generate a pseudo-work order with Pay Items and prices
- Understand – upfront – if a project is worth investing time and resources into doing a complete estimate
- Gain a better grasp on historic pricing and cost-per-bid item
- With an executive-level overview, immediately identify preliminary costs to determine if the project at hand fits into revenue goals
Ready to Try Quick Pricing?
Experience for yourself why HCSS is the #1 most trusted estimating software in the construction industry by getting a demo from one of our product experts today.
