Introduction

The Estimation Module in Microsoft Dynamics 365 is a powerful tool designed to streamline the estimation process for prefabricated construction projects. This module automates the calculation of material quantities and labor hours based on building dimensions, providing accurate cost estimates that form the foundation for competitive quotations. By integrating estimation and quotation processes, it enhances efficiency and collaboration between the estimation and sales teams.

Key Benefits

Create Estimation and Bidding: Streamline the creation of detailed estimations for the fabrication and real-estate industry. Bid for projects and maintain complete tracking of each activity.

Automated BOQ and Labor Calculations: Save time and reduce errors with system-generated Bill of Quantities (BOQ) and labor hours based on precise building specifications.

Accurate Cost Estimation: Ensure reliable project cost forecasts by calculating costs from detailed BOQ and labor data.

Streamlined Quotation Preparation: Facilitate seamless collaboration between estimation and sales teams to prepare and revise quotations, adding necessary margins to ensure profitability.

Efficient Project Management: Transition smoothly from estimation to project execution with integrated project management and accounting module.

Configurable and Flexible: Adapt the module to your specific needs with customizable master data configurations and estimation process parameters.

Features

Estimation Creation

Input building dimensions and quantities to initiate the estimation process.

Generate initial estimates quickly and accurately.

Estimation BOQ

Automatically calculate the required materials and labor hours.

Review and adjust BOQ as needed for precision.

Estimation Revision

Update and refine estimates to reflect changing project details.

Maintain accuracy and relevance of estimates throughout the project lifecycle.

Estimation Quotation

Prepare comprehensive quotations by adding margins to cost estimates.

Collaborate with sales to ensure competitive and profitable quotations.

Estimation Quotation Revisions

Manage and revise quotations before final approval.

Ensure quotations accurately reflect the latest project requirements and pricing.

Project Creation

Create new construction projects based on approved estimates and quotations.

Streamline the transition from estimation to project execution.

Master Data Configuration

Set up essential data such as material costs and labor rates.

Ensure consistent and accurate calculations across all projects.

Estimation Process Parameters and Setup

Configure system settings to align with organizational standards.

Customize parameters to suit specific project requirements and workflows.

Conclusion

The Estimation Module in Microsoft Dynamics 365 is essential for any organization involved in prefabricated construction. It offers automated, accurate, and efficient estimation and quotation processes, supporting successful project execution and profitability. Enhance your construction project management with this powerful, flexible, and user-friendly tool.

LITS Project Estimation and Budgeting

by LITS SERVICES