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CostOS Estimating 2010

new open mindtechnologies

Brief Overview

www.nomitech.eu www.costdatabase.eu
http://www.nomitech.eu/http://www.nomitech.eu/


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What is Cost Estimating?

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

It is the foundation on which we base our decisions, if

we want to accomplish things, and not waste ourresources


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How do you perform Cost Estimating?

Not at all

By handWith 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 onthe estimate?


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What is the problem with commonEstimating Methods?

Not at all:


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By hand:

What is the problem with commonEstimating Mathods?


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Excel:1. We can not find easily historical data

2. We need to do repetitive work (crew composition,productivity calculation)

3. We cannot share cost data with our colleagues. What ifsomebody leaves the company?

4. We need to do repetitive work to build the projectschedule/program

5. We might forget cells when making sums

6. What if quantity takeoff changes? We need to manuallyinput new data



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With line items:1. We cannot check how the unit price was extracted

2. It is time consuming to get updated costs if salaries ormaterial prices change

3. We can not take into account local energy prices forequipment (heavy civil)

4. It is very easy to shoot out unit prices and thus makemistakes

5. We cannot get the activity durations.



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What are Resource Cost Databases?

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

- Material

- Labour

- Equipment

- Subcontractor

- ConsumablesThere is always a relation between resources and cost. And

this relation is captured in a Relational Resource CostDatabase


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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)


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Nomitech - Products

CostOS Estimating.

- Estimators Everyday Tool

-User Friendly

- Easy to learn

CostOS screenshots


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What other software are you using?

Fully Integrated with :

MS Excel (sync mode)

Primavera P6 (sync mode)

MS Project On-Screen Takeoff (sync mode)

SAP

@Risk Financial ERPs (Singular Logic, Atlantis ERP)


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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, MaterialsEquipment, Labour

Subcontractors

Priced BOQs

Technologies

Market Analysis


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Do I have access to knowledge bases withCostOS?

1. NODOC: Nomitech OnlineDatabase of Cost (Worldwide)

2. Richardson: CDOL Process Plant CostDatabase (Worldwide)

3. RS Means Cost Database (US focused)

4. Spons Cost Database (UK & Ireland)

5. InfoCredit Group Business Database (M. East)


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What other information despite rates is covered bythe NODOC

Links to Costdatabase.eu

Various ways to search MATERIAL SPECSAND 3D VIDEOS


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What other information despite rates is covered bythe NODOC

Link to Costdatabase.eu

Various ways to search EQUIPMENTTECHNICALCHARACTERISTICS


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How can I apply the Richardson Process PlantDatabase internationally?

Nomitech is the first company to implement the RichardsonDB as Relational Resource Database. We haverecreated 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 andBOQs

Not to convert English units to Metric


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Can I also search for specs through the RichardsonProcess Plant Database?

Link to Cost Data OnLine (CDOL)

Various ways to search

The results are Groupedfor Easier Navigation


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RS Means Database

MechanicalElectrical

Heavy CivilFacility InstallationsResidential (US)Remodeling & Renovation

InteriorLite ComercialGreen Building Technologies

-> Also Implemented as Relational DBs


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Quantity Takeoff

CostOS is fully integratedwith special QuantityTakeoff software:

- Accelerate by 80% yourtake off process

- Promote Team Working

- Keep records for futurechecks of your estimate


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What can I get together with the software

Technical support

Basic Training

Advanced Training

System Installation

Customizations


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

Embedded BIM Technology Automating the Estimating Process

and bridging the gap between design

and construction


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Nomitech worldwide presence

03/12/09

Carribean: NataxE-Logistics

Cyprus, Lebanon: IS Works Ltd

Iran, Turkey:NPSN Co.

CentralGreece &

Serbia:MarathonSystems Ltd

Northern Greece& Bulgaria:Ergodesign Ltd

Ireland: PPP Ltd

US, Canada,Caribbean : MiamiMicro Inc

South Korea:

UIT SolutionsInc

UK: Forgetrack Ltd

Qatar, Oman, Bahrain: Mica Qatar

Inc

Australia: Mark ReevesArgentina:Metacontrol SA


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Any well know partners of Nomitech?

SUN MICROSYSTEMS

IBM Business Partner

Oracle Certified Partner

(Joint Campaign Primavera CostOS in various countriesstarting in November 2009)

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