Continuity between the tender submitted and the execution of the work is enabled. All the information used to budget a proposal is immediately available for project managent in operations.
Specifications
• Re-budgeting / Job remodelling
• Subcontracts
• Monthly Cost Control
• Variation Orders for changes in scope of work
• Reconciliation of Actual and Estimated Costs
• Subcontract Control
• At-completion amounts Forecast of costs and variance
• Reports
The Valuations module is an extension of the Estimating module and, consequently, most of the estimating functions are available in the valuations module and controlling the project.
Re-budgeting
Information in the tender budget proposal can be modified immediately to reflect unforeseen situations that have arisen subsequent to the submission of the tender bid. Revised production budgets can be prepared quickly and accurately, obtaining new forecasts and objectives for the work.
Subcontract Adjudicator
Existing rates (or components thereof) can be drawn from the items in the budget into the adjudicator, and used for comparison against new quotations received. Adjudicated subcontractor rates can be transferred back into the revised budget so that these can be considered going forward.
Monthly Cost Control
Monthly measurements can be taken, based on the accumulated quantities of progress, or by the percentage completed of the items in the bill of quantities.
The following progress quantities are controlled: "Claimed", "Paid" and "Actual (performed)". Other quantities are derived taking these and Bill and Final quantities into account, such as the Bill Remaining Quantity and the Final Remaining quantities, amongst others.
Estimating Variations Orders
Variation Orders are easily added the original contract. These are also priced using worksheets, with new or existing resources and production rates.
All Variation Order items may have net and selling rates.
Cost & Allowables
Items can be grouped under one or more Project Codes, in order to obtain summaries based on those codes, simply or by combination between several codes (by Location, by Task and by Nature of Costs).
The information may be prepared in formats compatible with the analytical code structures used within the organization for analysis on the construction sites.
Alternatively, the information can be exported to spreadsheets or to the accounting system for preparation of the monthly Job Status Report.
Subcontract Management
Items from the Subcontract Adjudicator or from the Bill of Quantities can be used in the Subcontract Management module.
Forecast of completion
As the Candy System integrates Estimating and Planning, monthly forecasts of quantities, costs and the resources required to complete the project are available for the project, as based on the time and cost relationship.
Technical Information
For budgetary control of the construction project, the Valuations application provides essential technical information as a by-product of the operations control process.
A detailed analysis of the budget's resource usage can be prepared, for any part of the project, or code structure.
This type of information becomes particularly useful when working in association with a client in a Consortium or in an Open-Book contract, where the joint decisions are required and all details must be explicit.
Feedback to Estimating
Using the CANDY Valuations application, for Production Control, a good interaction is created between the tendering and the construction management departments.
Regular and accurate feedback between these two departments enables more competitive bids to be submitted whilst improving profitability on projects awarded.
Reports
The Report Manager contains a wide range of sample reports and an editor that facilitates customisable presentations for external use and also detailed analysis for internal use.