Our QTO Reports provide vital information to the stakeholders involved in a construction project.
Contractors - Profitability of a construction firm depends on its ability to bid on as many projects with as much accuracy as possible. Performing quantity takeoffs on construction projects is a task that the bidding team has to do regardless of their chances of winning the project. Hundreds of hours are spent actually counting and quantifying every item mentioned on the drawings and specifications. This task is often accomplished at the expense of better communication with subcontractors and advanced planning and analysis of the project. Moreover, a minor error in the quantity takeoff can result in losses that can be in hundreds of thousands of dollars. It is also common for contractors to argue with their subcontractors in the last minutes of bidding about their quantities.
Our QTO Reports provide a solution to the above-mentioned problems for the Contractors by:
1) Freeing up the bidding team's time so that they could concentrate more on getting lowest bids from subcontractors and analyzing the productivity, project duration, and profitability issues.
2) Providing a third party view of the project and help the contractor and subcontractor agree upon a final quantity in case of an argument at the last minutes of bidding.
3) Help smaller contractors who do not have the resources to employ a full-time project bidding team to compete with bigger contractors.
Owners - Why remain in the dark and accept the quantities presented by the contractors when our QTO Reports can provide the owners with a low cost leverage in negotiations.
Cost Estimators - Eighty percent of the effort that goes into cost estimating a project consists of performing quantity takeoffs. Our QTO Reports provide a cost effective way to cost estimating firms in their search for reducing their costs. Our QTO Reports also provide an important leverage to smaller cost estimating firms and help them grow without hiring more employees and thus increasing their overhead cost. |
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