Parametric Estimation – Save valuable, time & cost. With Bidding Enterprise as your specialist construction cost estimation and quantity takeoff services partner.

PARAMETRIC ESTIMATION

We develop

Cost Estimates,
Cost Assurances
&
Quantity Takeoffs

SPECIALIZED IN AUTOMATING CONSTRUCTION COST PLANS FOR TIER-1, TIER-2, AND TIER-3 CONTRACTORS

Quantity Takeoffs

The process of taking off quantities from the construction drawings and developing a BOQ in the form of Excel files.

All materials are measured as per standard method of measurements. Building works are measured by NRM2. For example excavation is measured in cubic meters.

We measure quantities by first principle and break down in to Labour, Materials, and Plant. For highways and roadways, we generate QTO (Quantity Take-Off) from Series 100 upto Series 5000.

Cost Estimating

Cost Estimating is anticipating how much all the material, labor, and plant will cost the contractor (our client) for any project. Overheads and profits are also calculated in an estimate.

The cost is broken down into Labour, Materials, and Plant to facilitate the client to understand and adjust the numbers as per convenience.

We typically use 20% as OH&P (Overheads and Profits) and apply 15-20% of total cost to Prelims and MEWPs. We can also fix the cost upto 5 Years by taking Inflation into account using benchmarking.

Our rates are 99% a true reflection of the market rates and includes a variety of items which gives you a one-stop-shop experience.

SELECT YOUR BUSINESS NATURE

GENERAL CONTRACTOR
(Tier 1)

SUB CONTRACTOR
(Tier 2)

MATERIAL SUPPLIER
(Tier 3)

On-Demand, Award-Winning & Affordable Estimating Service

We Work With

HOW DO I GET STARTED?

You Send In Your Plans

You can upload your plans here or email us at support@parametricestimation.com. Whichever is more convenient for you.

Be sure to let us know your scope of work and any details regarding your project.

We Send You A Quote For Our Services

Before starting, we’ll send you a detailed quote for our services. Every client is unique so we take the time to review each situation individually. We’ll factor in things like project range, difficulty, trades, and more.

We Estimate And Deliver Your Cost Estimate

Our team will takeoff and estimate your project. When we deliver you’ll receive a PDF and an Excel file of your estimate. We can also offer additional services for the jobs you’d like to pursue further.

FEE

We charge lump-sum per project. Our fee is very reasonable (No Hidden Fee Ever) and is sure to reduce your current estimation costs.

TURNAROUND TIME

We can meet shortest deadlines even less than 24 hours but it depends on the project size and complexity.

SOFTWARE WE USE

We always use professional softwares to ensure accuracy such as Conquest,
Planswift and BlueBeam which are industries top leading softwares.

CONSTRUCTION PROCESS

Every construction project goes through a similar process; Feasibility study, Designing & Planning, Bidding (can be for budgeting or construction purposes), Project Award, and Construction. Our services fall under the bidding stage and construction stage. The project can be private or government authority. The project is goes under designing to create project plans/drawings/blueprints and specifications as per Owner needs which explains color, material, ratios, and other related information.

Once the plans are ready or contain enough information for costing, tender documents are issued to Main Contractors to submit their bids. Main Contractors prepare takeoffs using their in-house estimating teams or using professional outsourced estimating companies.

Takeoffs are then priced out, and a bid is submitted against the tender. The project owner evaluates the submitted bids for the ‘lowest responsive bidder. This is an important term because a contractor can be the lowest bidder, but he may not fulfill the project owner’s technical requirements to become a responsive bidder. Once the lowest responsive bidder is chosen, that contractor is awarded that project. Our job is to prepare an accurate and detailed takeoff/estimate for the contractor to ensure every aspect of the project is covered.

ALWAYS REMEMBER: If we miss some scope from the project, the contractor’s bid may seem low, but he will end up losing money because the project owner expects him to bid for everything as mentioned on the plans. On the other hand, if we over-estimate any quantity, the contractor’s bid will become high, and he will not win the project and lose money & time while preparing the bid.

Example:

Imagine you want to construct a house. For that, you will select a piece of land (called a LOT)

The construction process will be as follows:

First, the LOT will be leveled (called site preparation, soft dig and hard dig),
Earth will be dug to lay the building foundation, Foundations will be laid (called Building Concrete/Masonry Foundation),
Exterior walls will be built (Masonry, Block walls, and in residential case Lumber Framed),
Roof will be built, Interior partitions will be built (called Plaster walls),
Interior finishes will be done (Flooring, Painting, Tiling, cabinets, etc.),
Plumbing/Electrical/HVAC systems will be installed,
Exterior finishes will be done (Brick veneer or some sort of panels).

When preparing the takeoffs for a main contractor, we usually prepare takeoffs/estimates for all trades, excluding MEP (Mechanical, Electrical, and Plumbing). HVAC is also called Mechanical service. For the Sub-Contractors, we may do one or a few selected trades as per sub-contractor requirements.

HOW DOES PARAMETRIC ESTIMATION FIT IN?

On any project, there are multiple contractors contesting for the same bids, but only one will get the project. Therefore, contractors should be bidding on multiple jobs to secure maximum projects. Usually, the winning ratio is one out of five. Using our services, this ratio gets better to one to three. But how do we achieve that? Our experienced estimators prepare accurate & very detailed takeoffs. As we are not the material supplier, therefore we don’t add any fluff factor to the quantities. Almost all contractors (except small contractors) have a big or small estimating team in-house. They usually do the estimating themselves if they don’t have a dedicated estimator. Since estimating is a time-consuming task, these contractors always make a contingency to plug scope gaps. More often than not, it results in over-estimating, increasing the bid amount. Moreover, due to limited in-house estimating capacity, Contractors and even Subs can only bid on a certain number of monthly jobs.

Remember: More Bidding Means Better Chances of Winning – Our job is to make our customers realize of this fact. Using our services, clients can increase not only their bidding frequency but also their bids will become more competitive (simply because our quantities are accurate) – We don’t aim to replace their in-house team, but we want to work as a logical extension of their in-house team. The client only pays per project, and there is no long-term contract, which keeps us on our toes to provide excellent service every single time. Using Parametric Estimation Accurate Takeoff Services, you will be able to bid more and win more.

Parametric Estimation offers you a one stop complete solution of construction cost plans with zero hassle and maximum win ratio in shortest turnaround time.

We have achieved 1 out 3 Tender Success rate and estimate over 9,000 project in multiple civil sectors: Rail/Tram, Civils/Utilities, Industrial, Commercial, Residential, Clean-Rooms, High-rise buildings, fit-out, Forces, Leisure sector, and churches. Budget ranging from £100k - £64Mil in the markets of UK, USA, Canada, and Australia. Our estimators are very proficient in following different patterns and completely aware of bidding process. We at, Parametric Estimation, understands value for money and acknowledges the sensitivity of this job. If you are looking for quick, detailed, market rate cost plans for any construction job to increase your bidding capacity, reach out to us today and our client services representative will take you through the process.

QUANTITY TAKEOFFS

Running out of time to prepare your traditional 2D takeoff?
Scalar rules, spreadshees and that plethora of procedures to follow getting in the way? Have a disconneced 2D-to-3D construction quantity takeoff prepared as a result of improper software used?
Fret not, for Parametric Estimation is here to lend you a helping hand right away!

COST ESTIMATING

What Is Construction Cost Estimating Or Construction Project Estimating Anyway?

This is where you, as a contractor, will find out how much each and every equipment, material, and labor will cost you for your project. Cost estimates will also include overheads, where applicable, and profits, also where applicable. It’s an A to Z about the cost of your project.

Quantity Takeoffs