CostOS Estimating 2010

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Brief Overview

www.nomitech.eu www.costdatabase.eu

What is Cost Estimating?

Cost Estimating is our effort to predict the Cost of Projects, Production and Activities

It is the foundation on which we base our decisions, if we want to accomplish things, and not waste our resources

How do you perform Cost Estimating?

Not at all By hand With spreadsheets With line items / line item

databases With Resource Cost Databases

- What is the size of the investment?- What accuracy do you want to

achieve?- How much time do you have

available to spent on the estimate?- How many people are available to

work on the estimate?

What is the problem with common Estimating Methods?

Not at all:

By hand:

What is the problem with common Estimating Mathods?

Excel:1. We can not find easily historical data2. We need to do repetitive work (crew composition,

productivity calculation)3. We cannot share cost data with our colleagues.

What if somebody leaves the company?4. We need to do repetitive work to build the project

schedule/program5. We might forget cells when making sums6. What if quantity takeoff changes? We need to

manually input new data

What is the problem with common Estimating Methods?

With line items:1. We cannot check how the unit price was extracted2. It is time consuming to get updated costs if

salaries or material prices change3. We can not take into account local energy prices

for equipment (heavy civil)4. It is very easy to “shoot out” unit prices and thus

make mistakes5. We cannot get the activity durations.

What is the problem with common Estimating Methods?

What are Resource Cost Databases?

The Cost of all of our activities (usually described as BOQ Items), depends on the Cost of the Resources that we use. The resources are categorised as follows:

- Material- Labour- Equipment- Subcontractor- Consumables

There is always a relation between resources and cost. And this relation is captured in a “Relational Resource Cost Database”

Why use a Resource Cost Database?

• It stores the relation between Tasks and Resources (Our Experience)

• We can reuse previous estimates to get updated cost (Our Speed)

• We can build our own knowledge base (Our Accuracy)

• We can set standards and processes (Our Future)

Nomitech - Products

CostOS™ Estimating.

- Estimator’s Everyday Tool- User Friendly- Easy to learn

CostOS™ screenshots

What other software are you using?

Fully Integrated with :MS Excel (sync mode)Primavera P6 (sync mode)MS ProjectOn-Screen Takeoff (sync mode)SAP@RiskFinancial ERPs (Singular Logic, Atlantis ERP)

How Cost OS Enterprise works?

SERVER DB

USER1 USER2

Project1

(BOQ 1-X)Project2

(BOQ X - Z)

Approval Reports

Selling Price

Priced BOQs

Suppliers

Material

Equipment

Labor

Subcontractors

Consumables

Real Time

Online DB

Suppliers, Materials

Equipment, Labour

Subcontractors

Priced BOQs

Technologies

Market Analysis

Do I have access to knowledge bases with CostOS?

1. NODOC: Nomitech Online Database of Cost (Worldwide)

2. Richardson: CDOL Process Plant Cost Database (Worldwide)

3. RS Means Cost Database (US focused)

4. Spon’s Cost Database (UK & Ireland)5. InfoCredit Group Business Database (M. East)

What other information despite rates is covered by the NODOC

Links to Costdatabase.eu

Various ways to search MATERIAL SPECS AND 3D VIDEOS

What other information despite rates is covered by the NODOC

Link to Costdatabase.eu

Various ways to search EQUIPMENT TECHNICAL CHARACTERISTICS

How can I apply the Richardson Process Plant Database internationally?

Nomitech is the first company to implement the Richardson DB as “Relational Resource Database”. We have recreated the database

This allows you to: Apply the database internationally Use the resources to create your own assemblies Find reference to the CDOL while searching

resources and BOQs Not to convert English units to Metric

Can I also search for specs through the Richardson Process Plant Database?

Link to Cost Data On Line (CDOL)

Various ways to search

The results are Grouped for Easier Navigation

RS Means Database

• Mechanical• Electrical• Heavy Civil• Facility Installations• Residential (US)• Remodeling & Renovation• Interior• Lite Comercial• Green Building Technologies

-> Also Implemented as Relational DBs

Quantity Takeoff

CostOS is fully integrated with special Quantity Takeoff software:

- Accelerate by 80% your take off process

- Promote Team Working

- Keep records for future checks of your estimate

What can I get together with the software

Technical supportBasic TrainingAdvanced TrainingSystem InstallationCustomizations

What can I expect from Cost OS in the near Future?

Embedded BIM TechnologyAutomating the Estimating

Process and bridging the gap between design and construction

Nomitech worldwide presence

03/12/09

Carribean: Natax E-Logistics

Cyprus, Lebanon: IS Works Ltd

Iran, Turkey: NPSN Co.

Central Greece & Serbia: Marathon Systems Ltd

Northern Greece & Bulgaria: Ergodesign Ltd

Ireland: PPP Ltd

US, Canada, Caribbean : Miami Micro Inc

South Korea:UIT Solutions Inc

UK: Forgetrack Ltd

Qatar, Oman, Bahrain: Mica Qatar Inc

Australia: Mark ReevesArgentina: Metacontrol SA

Any well know partners of Nomitech?

SUN MICROSYSTEMS

IBM Business Partner

Oracle Certified Partner

(Joint Campaign Primavera – CostOS in various countries starting in November 2009)