ERP Integrated Cost Estimation: 6D BMS
6D Budget is a sophisticated, cost estimating and Efficient Project Delivery Software system to integrate various construction delivery methods such as Integrated Project Delivery, Job Order Contracting etc. The systems enables cost estimators and project managers to collaboratively work with multiple projects, multiple estimates, and multiple contracts.
A 'short list' of additional capabilities includes the ability to work with multiple cost books/guides/UPBs, track project status, automatically compare estimates, easily copy/paste, clone, and reuse estimates, and integrated sophisticated visual estimating and quantity take-off (QTO) tools. Owners, contractors, architects and engineers are moving to advanced cost estimating and management systems.
The level of collaboration, transparency, and information re-use enabled by the system drives 15-25%+ reductions in procurement cycles, six to ten times faster estimating, reduce overall project times, as a significant reduction in change orders and the virtual elimination of contract related legal disputes.
As cost estimators came to rely heavily on spreadsheets, and the formulas within the spreadsheets became more complex, spreadsheet errors became more frequent. These were typically formula errors and cell-reference errors which would often lead to cost overruns.