Scottsdale, AZ – November 9, 2009 – Hard Dollar Corporation, the leader in Project Cost Management systems delivering Increased Cost and Productivity Visibility, announced a partnership with Verano, the largest Oracle Primavera representative in South America.
Click here to read the full press release on HD estimating software.
Scottsdale, AZ – October 16, 2009 – Hard Dollar Corporation, the leader in Project Cost Management systems delivering Increased Cost and Productivity Visibility announced a partnership with Catalyst, the largest Oracle Primavera representative in the United States serving the engineering and construction industry.
Click here to read the full press release on HD estimating software.
Scottsdale, Arizona – August 4th, 2009 – Hard Dollar Corporation, the creator of Project Cost Management systems, announced Ms. Nicole Stephano will assume the position of Vice President of Product Strategy and Management.
Click here to read the full press release on HD estimating software.
One of the biggest challenges to implementing earned value as a project management system is creating cost-loaded schedules. Time and time again we hear that creating the initial cost-loaded schedule is not too painful, but most engineering and construction projects are continually barraged with changes, making it extremely cumbersome to keep estimates and schedules in-sync as things change. Further, in many companies, estimating software and scheduling software are entirely separate disciplines, each of which may have a different perspective of the project. Earned value forces tighter interaction between these two disciplines, which is ultimately good for both the owner and the contractor. Many of the key elements of earned value require the integration of cost and schedule, including:
Many estimating and scheduling software packages are adding features to address earned value, but currently HD estimating software is the only application that can dynamically link cost estimates to Microsoft Project and Primavera schedules. This live, two-way integration between cost and schedule can reduce the time and effort spent on earned value calculations by 50% to 90%.
A+B bids, which continue to gain popularity for public works projects, are forcing contractors to re-think their estimating and bidding methodologies. In A+B bids, the contractor submits both a price (the “A” portion) and a duration (the “B” portion) as part of the bid package. The state or other government agency financing the project establishes a daily cost associated with the job, and multiplies that daily cost by the duration bid by each contractor. The contractor with the best combination of cost and duration – A+B – is awarded the work.
Because A+B bids typically include significant penalties for completing the project late, as well as bonuses for early completion, contractors must be able to effectively analyze the correlation between a project’s cost and its schedule. Even more important, contractors that can easily perform “what if?” analysis across both the estimate and the schedule have a unique advantage when it comes to A+B bids. A+B bids are driving contractors to re-evaluate the importance of scheduling during the estimating process. Hard Dollar’s dynamic, ‘oneness’ integration with Microsoft Project and Primavera gives our customers a highly compelling advantage when it comes to optimizing a project’s cost and schedule using different resource and productivity scenarios, crew sizes, shift arrangements, and more. Adding the schedule element gives sophisticated contractors an additional criteria on which to compete for business, so it’s not just low bid gets the job.
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Project Cost Management Software solution for the Heavy Civil, Environmental,
Oil & Gas Services, Utilities and Industrial industries.
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