23 - June - 2006

Causeway Technologies announce release of Causeway Estimating Prestige

Causeway Technologies, a leading supplier of software solutions to the construction industry, has today announced the release of ‘Causeway Estimating Prestige’, a solution set to become the industries most advanced estimating system, helping companies in construction to reduce tender costs, increase tender win rates and gain the competitive edge in an increasingly challenging market.

With over 350 customers of estimating software, Causeway are the UK’s premier supplier of estimating systems to the Construction industry. It is through working closely with such a prestigious customer base that Causeway has been able to specify and develop a solution that focuses so specifically on the real needs of the estimating disciplines, which have unfortunately been neglected by so many suppliers of technology to date.

Phil Brown, Causeway’s CEO explained, “Industry statistics show the cost of construction tendering to be as much as 3% of project value with the whole bidding process costing up to 4% of a company’s annual turnover. In an industry where the average profit margin is quoted in the region of 3.4%, the inefficiencies associated with the tender process are therefore significant, in fact anything that can be done to improve the process could significantly impact an organisations bottom line.”

Unlike most other Estimating Systems which are stand alone pricing tools, Causeway provide Estimating as part of an integrated supply chain management suite, addressing the wider issues associated with tendering, estimating and bid management. Causeway Estimating provides clear visibility of net cost information and value engineering opportunities as well as reliable, accurate and up to date information about your subcontractors and suppliers. Its unique Enquiry Alert service also provides a solution to eliminate the wastage associated with the traditional pre-tender enquiry process.

Phil added, “Historically the significant cost of tendering and bidding has been written off as an overhead, an unavoidable expense associated with winning work; this no longer need be the case. The features available within Causeway Estimating Prestige are unique, they have been specifically developed to improve the efficiency of the tendering process. From sending electronic enquiries to subcontractors directly from the system in an Excel format, so that they can be priced quickly and easily and pulled back directly in the system for comparison, to seamless integration with industry accounting solutions such as Sage. All of these features and more have been designed to make the whole estimating process quicker, easier and more efficient.”

David Harvey, Divisional Director at Optima Partioning Systems commented, “Causeway Estimating is a system that is fundamental to our business and its entire tendering process. The solution is flexible in both functionality and deployment which became apparent when evaluated against competitive products in the market, many of which seem dated in comparison. Causeway stands out in the industry as an innovative supplier, which is once again being proven through the release of Causeway Estimating Prestige.  It is undoubtedly a solution that will impact the efficiency of our business, ultimately increasing our bottom line.”

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Further information contact:

t: +44 (0) 1628 552063

e: tim.nichols@causeway.com