Estimate with confidence to win more bids
Contractors face tight deadlines, rising costs, and tough competition. Benchmark Estimating simplifies bidding with fast, accurate cost estimates, helping you price competitively and optimise margins. By automating workflows and integrating real cost data, and providing secure data exchange with asset owners, our platform eliminates errors, saves time and ensures you bid with confidence, so you can win more projects and boost profitability.
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Benchmark Estimating for Water
Benchmark Estimating's support with implementation has been brilliant. They have assisted us with implementation into our business systems and have also helped with project management for this task. Added to this, the software’s ability to link with our other systems is vital for proficient operations.
Estimating
Pain points:
Tight tender deadlines leave little room for in-depth validation, increasing the risk of errors. Mistakes in estimates can erode margins or damage reputation if bids are significantly off target.
Rapid, standardised estimating templates enable estimators to build bids quickly using preloaded templates and historical data. This reduces repetitive work, ensuring estimates are both accurate and delivered on time.
Reliance on legacy systems, spreadsheets and outdated cost references leads to inconsistencies. Limited access to real-time material and labour pricing makes estimates prone to error.
Centralised cost & data repository provides a single, always-updated source of truth for cost data, ensuring estimators work with the latest reference rates, reducing errors and discrepancies.
Without robust analytics and historical data integration, predicting risks (like unforeseen site conditions, material volatility or labor fluctuations) is tough.
Real-time price & labour updates integrate supplier databases and market feeds directly into estimates, ensuring that cost inputs reflect actual market conditions. This minimises guesswork and reduces risk.
Multiple stakeholders contribute cost inputs, but without centralisation, errors, rework, and confusion over the latest version slow down estimating.
Automated reporting & collaboration tools allow role-based access for procurement, finance, and project leads, ensuring estimates are updated without creating conflicting versions. It also generates professional cost breakdowns for leadership and clients.
Pre-Construction
Pain points:
Lack of coordination between estimating, design, and procurement teams leads to inconsistent data, outdated cost references, and inefficiencies in bid preparation.
Seamless collaboration & data integration ensures all stakeholders work from a single platform with real-time access to updated costs, project details, and bid adjustments – eliminating version control chaos.
Complex projects and rapid tender turnarounds strain teams, increasing risks of errors and missed details.
Faster bid turnaround & higher throughput automates workflows and reduces manual data entry, enabling teams to manage multiple tenders simultaneously without sacrificing accuracy.
Overestimating can make bids uncompetitive, while underestimating leads to margin erosion and costly issues during project execution. Market volatility further complicates cost predictions.
Accurate & standardised cost estimation leverages real-time supplier inputs and historical data to create reliable estimates, ensuring bids remain both competitive and profitable.
Disconnects between estimating and site teams often lead to scope disputes, unexpected cost overruns, and inefficiencies in project delivery.
Integration with post-award execution provides a structured handover package, aligning cost assumptions with project execution plans to ensure smooth transitions and reduce rework.
Senior Executive
Pain points:
Fierce competition makes cost precision critical—overestimating means lost bids, while underestimating erodes profitability and leads to financial strain.
Margin protection & risk mitigation tools help structure bids that realistically account for overheads, escalation, and contingencies—preserving profitability and reducing cost blowouts.
Inconsistent cost tracking leads to unexpected overruns, claims, and reputational damage. Poor integration between estimating, finance, and operations limits proactive decision-making.
Strategic visibility & predictability consolidates dashboards linking pre-construction estimates to live project performance, enabling executives to spot early warning signs and adjust strategies in real time.
Over-reliance on manual processes and “tribal knowledge” limits the ability to pursue multiple bids efficiently, reducing the company’s capacity to scale and respond to rapid tenders.
Accelerated bidding cycle & scalability enables faster, more accurate estimates through automated workflows, standard templates, and seamless data access—allowing the company to pursue more opportunities with the same resources.
Rushed bids and fragmented data limit exploration of cost-saving designs and carbon strategies.
Digital transformation catalyst modernises estimating workflows, integrates withERP/project controls, and positions the company as an industry leader—helping attract talent and instill client confidence in technological capabilities.
Trusted globally for over 30 years
Win more bids and keep projects on track with Benchmark Estimating.
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