Estimation software handles net price agreements

Published: October 2007

A module for managing net price agreements has added to Estimation’s software for contractors.

Estimation’s QuoteMaster module for quotation management now includes advanced tools for managing the net price agreements that are increasingly used by suppliers to fix prices on key items for a pre-agreed term.

QuoteMaster provides an interface between the supply chain and Estimation’s central price file of materials used throughout its software, as well as to its estimating and procurement modules. This enables contractors to quickly prepare a list of materials and submit it electronically to suppliers as a request for quotation.

QuoteMaster interfaces to programs such as Microsoft Excel and Word, into which suppliers can enter their prices for the contractor, so there is no need for proprietary item or vendor codes. There is also no need for special product data or software.

Quotations from suppliers are imported into QuoteMaster, and built-in adjudication screens help the contractor make easy comparison and adjudicating between quotes from several suppliers.

When the choice of supplies has been finalised, QuoteMaster posts the net prices from the supplier into the Estimation software, ready for use when preparing estimates and raising purchase orders.

Net-price agreements are stored, ready to be refreshed at any time, such as when the current agreement is drawing to a close.