Adding a Cost Estimate

The Add Cost Estimate component enables you to enter basic information about a new cost estimate. To begin adding a cost estimate, first locate the concept, project, or proposal with which the cost estimate will be associated. On either the Concept Summary, Project Cost Estimate Summary, or Proposal Cost Estimate Summary, click the Cost Estimates tab, and then click the Add button. The system takes you to the Add Cost Estimate component.

The upper portion of the component displays information from the parent entity. You can view, but not change, values in these fields:

• Entity

• Entity Type

• Entity Name

• Spec Book

• Unit System

• Work Type

• Improvement Type

In the Estimate Information section, you can enter information in these fields:

• Cost Estimate Name

• Cost Estimate Descr

• Estimate Phase

• Estimated By

• Cost Estimate Total

• Design Build

• Profile

• Budget Class

• Lanemiles

• Estimate Type

• Vendor Access

To save the new cost estimate, you must enter values in the Cost Estimate Name and Estimate Type fields.

In the Bid Based section, you can enter information in these fields:

• Item Bid History Profile

• Typical Section Bid History Profile

In the Cost Based section, you can enter information in these fields:

• Labor Rate Class

• Equipment Rate Class

• Material Rate Class

Click in a field and add information as needed. When you are finished, click the Save button. The system displays the new estimate on the Cost Estimate Summary. For more information, see Maintaining a Cost Estimate.

Related topics:

Managing Cost Estimates

Maintaining a Concept