Precision Bid Solutions LLC
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Let us run the number so you can run your projects.
HOW IMPORTANT IS ACCURACY?
Professional estimating strengthens the bidding and preconstruction process by providing contractors with more accurate quantity takeoffs, organized scope reviews, reliable cost data, and detailed labor and material pricing. Industry guidance from organizations such as AACE International and NASCLA emphasizes that estimate accuracy is influenced by the quality of available information, estimating methodology, estimator experience, and the time devoted to preparing the estimate. A detailed estimate also creates greater cost visibility and provides valuable information for procurement, scheduling, subcontractor coordination, and identifying potential scope gaps or long-lead items before construction begins.
Professional estimating can strengthen several critical areas of a contractor’s bidding and preconstruction process. As illustrated in the chart, dedicated estimating support increases bid accuracy from approximately 55% to 85%, bid capacity from 45% to 90%, scheduling readiness from 60% to 85%, cost visibility from 55% to 90%, and available time for operations from 50% to 90% when compared with relying on limited internal estimating resources. These percentages are intended as an illustrative comparison of expected operational benefits rather than guaranteed industry benchmarks. Industry guidance from AACE International and NASCLA supports the underlying principles, emphasizing that estimator experience, quality information, detailed takeoffs, appropriate estimating methods, and sufficient preparation time contribute to more reliable estimates.
HOW IMPORTANT IS YOUR TIME?
Professional estimating strengthens the bidding and preconstruction process by providing contractors with more accurate quantity takeoffs, organized scope reviews, reliable cost data, and detailed labor and material pricing. Industry guidance from organizations such as AACE International and NASCLA emphasizes that estimate accuracy is influenced by the quality of available information, estimating methodology, estimator experience, and the time devoted to preparing the estimate. A detailed estimate also creates greater cost visibility and provides valuable information for procurement, scheduling, subcontractor coordination, and identifying potential scope gaps or long-lead items before construction begins.
Better estimating processes can dramatically reduce the amount of time contractors spend preparing bids and performing repetitive takeoffs. In an HBXL EstimatorXpress survey, 44.44% of respondents reported saving up to 50% of their estimating time per job, while 38.89% reported saving 75% or more; 42.11% reported saving 2–5 hours per week and another 26.32% saved 5–10 hours per week. PataBid's research provides another example: it estimated that a small-to-medium bid could require approximately 40 hours, with roughly 90% of that time devoted to quantity takeoff. Its Quantify system was estimated to save approximately 10 hours per bid, representing about a 25% reduction in total estimating time and approximately 520 hours per estimator annually for someone completing one estimate per week.
working hard for you every project every time
With over 35 years of combined experience in the construction field and professional estimating, our team understands that a successful project begins long before work starts in the field. Estimating is more than counting materials and assigning prices—it is the process of understanding the drawings, identifying the complete scope of work, evaluating labor and material requirements, reviewing specifications, recognizing potential risks, and developing a clear picture of what it will actually take to complete a project successfully. Our experience allows us to approach every estimate with the perspective of people who understand both how a project is priced and how it is built.
For contractors, that means having a knowledgeable estimating partner working alongside your business without the expense and commitment of expanding your full-time estimating staff. We help take the time-consuming burden of quantity takeoffs, scope development, cost analysis, bid preparation, and preconstruction review off your team, allowing you to focus on managing projects, serving customers, developing new relationships, and growing your company. Whether you need additional estimating capacity during a busy bid schedule, specialized support for a complex project, or a dependable estimating resource you can turn to regularly, Precision Bid Solutions provides the experience and support needed to pursue opportunities with greater confidence.
Our goal is simple: help you spend less time building estimates and more time building your business.