Cost AI leverages advanced algorithms, data-driven insights, streamlines budgets, and evaluates cost impacts to deliver precise cost estimations.
Seamless integration of public and private data sources for accurate and comprehensive cost compilation. Regular updates to maintain the relevance and accuracy of cost data.
Direct integration with MTO generation tools to automatically fetch material requirements and calculate costs. Supports both standard and custom MTO formats for flexibility.
AI-driven algorithms to predict costs based on historical data and industry trends. Customizable cost estimation templates tailored to project types and industry needs.
Multi-user collaboration for teams to review and adjust cost estimates in real time. Role-based access control to ensure data security and streamline approvals.
Tools to analyze cost implications of different design and material choices. AI recommendations for cost-effective alternatives.
Dashboards and charts to visualize cost breakdowns across materials, labor, and overheads. Exportable reports in formats like Excel, PDF, and interactive web dashboards.
Automatic currency conversion for global projects with customizable exchange rates. Support for multi-currency projects with consolidated reporting.
Track changes to cost data with detailed audit logs. Versioning system for cost estimates to compare updates over time.
Preloaded cost databases aligned with standards such as ASTM, ISO, and ASME. Capability to upload and map proprietary cost databases.
Alerts for significant cost deviations or exceeding budget thresholds. Notifications for updated public or supplier-provided cost data.
Transparent breakdown of cost basis, including material, labor, logistics, and contingencies. Documented assumptions and risk factors for stakeholder review.
Secure cloud storage for easy access to cost data from anywhere. Offline mode with synchronization for remote or on-site work.
APIs for connecting with ERP, project management, and procurement systems. Enable integration with PlantFCE and other engineering tools.
User-defined rules for markup, taxes, and other cost factors. Flexibility to adjust parameters for different project locations and conditions.
Pre-configured templates for compliance with local and international cost reporting standards. Customizable reports to meet stakeholder and regulatory requirements.
Use mD to generate micro data sheets for vendor requisition with only details that have a cost implication.
Mails, an AI agent sends emails to qualifying vendors where costs are unavailable in the Cost AI.
Use Smart MTO to generate MTOs for alternative routings generated by the Auto Router.