The Cost Model is a powerful tool that serves as your central source of truth for project estimates. With the Cost Model, you can:
  • Quickly answer pricing questions using your historical budget data
  • Compare current estimates with historical budgets
  • Identify financial trends across your project budgets over time
The Cost Model uses data from the Budgeting Tool. When you create a project budget milestone, the budget for that milestone will be available in the Cost Model.

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Overview

To begin, navigate to the Cost Model from the main menu under Analytics. The Cost Model will pull contract values, GSF, NRSF, Units, and any relevant budget data from your project estimates. Scroll to the right of the page to view Site, Vertical, and GC/GR costs. On the left-hand side of the page, you can filter your projects and budgets by the following categories:
  • Market Sector
  • Milestone Date
  • Milestone Phase

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Compare Project Budgets

Buildr enables you to compare any number of project budgets to assess cost averages, ensure accurate pricing, identify errors, and analyze financial trends in your portfolio. To compare project budgets, select the projects to compare from the Cost Model. Then, click Compare Projects at the bottom of the page. Buildr will calculate the average values and costs of the project budgets you have selected, as well as display each project’s detailed estimates for your team to cross-reference. Note that if a project has multiple milestones, the Cost Model will always use the most recent milestone. To modify your view, you can expand or collapse your division line items. You can also select which data set you wish to view by clicking Display Options and toggling Units, GSF, or NRSF. Additionally, you can filter by code or description at the top of the page.

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Create Lead from Comparison

Leverage your historical data to pull accurate, conceptual estimates on potential leads. Simply click Create Lead from Comparison, and Buildr will calculate the lead value based on the average values and costs of the project budgets you have selected. Next, enter the approximate Units or GSF. Buildr will then calculate the lead value based on the selected project budgets. Click Next to enter the lead name and any additional information surrounding the lead. Finally, click Create, and the lead will populate in your Leads inbox.