Conference Day Two
November 22, 2024
8:00 am Check-In & Networking
8:30 am Chair’s Opening Remarks
Harnessing Technology
8:40 am Investigating the Potential & Pitfalls of AI Application to Improve MEP Estimating Practices
Synopsis
• Diving deeper into the evolution of AI to establish how it can create efficiencies for quantity takeoff, data analytics, document review and generation
• Establishing best practice in data collection and management to prepare for AI
• Evaluating the challenges in utilizing AI for MEP estimating systems to better enable the future of technology
9:20 am Fireside Chat: Assessing Your Tech Stack to Create Efficiencies in Estimating Processes
Synopsis
• Assessing inefficiencies and gaps in current software to develop strategies for optimization and mitigation
• Understanding which integrations work well together and identifying those that don’t
• Evaluating current use of processes and best practices to understand whether investment in training or technology is the solution to improving efficiency
10:00 am Morning Refreshments
Improving Quality & Winning Work
11:00 am Tracking Completed Projects & Lost Bids to Improve the Feedback Loop, Optimize Bids & Win More Work
Synopsis
• Establishing a process of collecting customer feedback on bids to establish future estimate improvements
• Analyzing actual costs from completed projects to track accuracy
• Using market analysis as a tool to navigate the market pricing sensitivity to influence competitive bids
11:40 am Audience Discussion: Assessing Internal Quality Processes to Ensure Consistency in Estimating Standards
Synopsis
• Developing frameworks, templates and SOPs to streamline and standardize the estimating process
• Identify key checkpoints and review stages crucial for enhancing estimation accuracy of your team
• Strategies for maintaining quality standards across larger and expanding estimating teams
12:30 pm Networking Lunch
The Future of Estimating
1:20 pm Case Study: Policy Development & Modernization of Estimates for Complex Projects
Synopsis
• Explore complexities in estimating for projects like data centers, renewable energy, and infrastructure
• Improve estimate accuracy in large-scale projects with evolving facility requirements
• Harness emerging technology and data analytics in optimizing estimates for complex and fast-paced projects
2:00 pm Audience Discussion: Understanding Regional Variances to Create Tailored & Accurate Estimates
Synopsis
• Understanding how regional factors such as labor costs, material availability, and regulatory requirements impact estimating practices
• Explore the impact of market vertical and geographic location on estimating methodologies and processes
• Assessing differences in attracting, retaining and training employees from varying regions to compete with the local market standards