Facility cost Forecasting and Management tool

Business Impact

null

One of the major concerns for companies during project implementations is to ensure that the project does not exceed the estimated budget.

null

Cost estimates are utilized by project owners to determine the scope and profitability of a project and to allocate funds.

null

At different phases of the project’s development, a cost estimate establishes the baseline of the project’s cost.

null

According to the World Economic Forum report “Full-scale digitalization could save between $0.7 and 1.2 trillion dollars (13 to 21%) in the Design & Engineering and Construction phases during the next ten years, and between $0.3-0.5 trillion dollars (10 to 17%) in the Operations phase”

null

To manage projects and determine cost forecasts, a leading expert in the construction industry worked with us in developing a facility cost management solution.

Technology Stack

Key Features

null

Add M& R tasks to projects

null

Capital Planning to help customers in allocating budgets

null

Data Exports/Reports

null

User Management

null

Import Master data

null

Manage New Cost Estimate

null

Manage Masters

Trusted and Proven Engagement Model

  • A nondisclosure agreement (NDA) is signed to not disclose any sensitive information revealed over the course of doing business together.
  • Our NDA-driven process is established to keep clients’ data and IP safe and secure.
  • The solution discovery phase is all about knowing your target audience, writing down requirements, and creating a full scope for the project.
  • This helps clarify the goals, and limitations, and deliver quality products & services.
  • Our engagement model defines the project size, project development plan, duration, concept, POC etc.
  • Based on these scenarios, clients may agree to a particular engagement model (Fixed Bid, T&M, Dedicated Team).
  • The SOW document shall list details on project requirements, project management tools, tech stacks, deliverables, milestones, timelines, team size, hourly/monthly rate cards, billable hours and invoice details.
  • On signing the SOW, an official project kick-off meeting shall be initiated.
  • Our implementation approach, ecosystem, tools, solutions modelling, sprint plan, etc. shall be discussed during this meeting.

Goal Achieved

With this cost management tool, customers are able to determine estimates for buildings based on the equipment level analysis. They can maintain tasks and estimates for their material, labor, and equipment requirements all through the application. Be it benchmarking costs for the entire portfolio or creating a detailed M&R project, the client will be able to provide accurate estimates in minutes. Easily access export asset-level- data at once including annual costs, average costs, Cost by Task per Year, Deferred Costs, and Inventory for folders and assets.

Our Award-Winning Team

A seasoned AI & ML team of young, dynamic and curious minds recognized with global awards for making significant impact on making human lives better

Awarded Bronze Trophy at CII National competition on Digitization, Robotics & Automation (DRA) – Industry 4.0

null

50+

AI & ML
Engineers

null

40+

AI & ML
Projects for
reputed Clients

null

5 yrs

in AI & ML
Engineering

Awarded as Winner among 1000 contestants at TechSHack Hackathon

Connect With Us!