Achieve more accurate cost estimates and increase bid win rates with RedTeam
Manage and track your estimating team’s work in one central location with software for preconstruction
Set your estimating teams up for success
Streamline your team’s workflows with comprehensive estimating and bid management tools. Estimators can easily search and identify the most suitable vendors for the project based on their vendor history. Combined with the ability to manage plans, RFIs and bid solicitation your team can create accurate and detailed cost estimates.
Simplify the bid solicitation process
Create bid packages including cost codes, scope details and vendors. Compare vendor quotes side-by-side with bid leveling functionality in RedTeam Flex to identify vendors as best. As bids are awarded, cost and price details are instantly updated in both the bid package and cost estimate.
A more seamless handoff to the construction team
Never lose sight of critical project data with a clear tracker of all preconstruction work. Quickly turn vendor quotes received into formal subcontracts and purchase orders. Your final cost estimate becomes the baseline budget for awarded projects. This ensures a smooth transition from the preconstruction team to the construction team.
Manage relationships with potential clients, vendors and design teams more effectively and win more work
Visibility into historical data helps you build stronger relationships with potential clients and vendors so you can win more work and increase project profitability. RedTeam’s solutions store the history of communications and work completed from preconstruction through closeout. Easily view relationship and historical project data without searching through multiple software solutions, email chains and documents.
Client and vendor relationship management tools for your success
Detailed client and vendor profiles contain the history of all previous interactions with the entities related to bids and projects. This includes vendor ratings and opportunity insights for potential clients. This rich history provides context to your team when trying to establish credibility and generate repeat work.
Stay on track with real-time collaboration tools for all stakeholders
Ensure stakeholders have instant access to the latest updates and information they need to efficiently complete tasks. Share documents, track progress and communicate changes instantly. Hold individuals accountable, reduce the risk of errors and quickly resolve disputes as needed.
Analyze closed-out project data to win more work
RedTeam offers reports to compare estimated and actual costs and track bid win rates. This and other default reporting allow you to identify the types of projects your team wins most and is most profitable on. So you have the information you need to optimize future bids and preconstruction efforts.
Ready to learn more about RedTeam’s solutions?
Get a live, personalized demo today.
Explore the preconstruction tools and features that help build your success
How can I enhance the accuracy of our project estimates?
The preconstruction features in RedTeam Flex, ensure that all project data is tracked from the start in one collaborative space. So as you’re receiving quotes from your vendors, every update and pricing change is accounted for.
- Historical performance data and reporting
- Cost estimates with simultaneous cost and price calculations
- Spreadsheet-style estimates that feel like an Excel spreadsheet in the cloud
- Robust customer proposal templates
- Drawing markups and RFI management
How does RedTeam enable effective bid management to save time and money?
We want to make sure your team can be as productive as possible. If you’re primarily bidding on negotiated contract projects, then the advanced preconstruction features in RedTeam Flex are for you. Explore RedTeam Go if you’re mainly bidding on hard-bid construction jobs. Here are some of the features our solutions include:
- Comprehensive bid solicitation and bid packages in RedTeam Flex and RedTeam Go
- Advanced bid leveling functionality in RedTeam Flex
- Bids log, bid reports and bid calendars
- Bid to Contract rate by Estimator report
How do I prevent manual work and missed data during project handoff?
RedTeam’s construction management solutions ensure that all data collected during the preconstruction phase seamlessly connects to the construction phase. So the teams on site have all the information they need to get to work.
- Visibility into bidding and estimating details and their history
- Preconstruction plans and specs stay in the project, including markups and pinned posts
- Integrated preconstruction and construction management features that connect the entire project team
What tools help us strengthen client and vendor relationships?
Some of the vendor and client management tools included in RedTeam Flex and RedTeam Go are:
- Ability to manage entity credentials, including business licenses, bonding capacity, certificates of insurance and more
- Vendor Credential Reports, indicating which vendors are missing credentials or have credentials expiring soon
- Ability to add and view detailed notes about interactions with potential and existing clients
- A vendor interaction history, that provides a comprehensive overview, including quotes received, commitments issued, credentials on file, qualifications and more.
How can I collaborate with clients and vendors during preconstruction?
Collaboration is key to ensure all parties involved have the right information to take action. That’s why RedTeam’s construction management solutions are built to support seamless communication. Here’s how:
- Online Planroom: A collaborative space with up-to-the-minute information so bidders have everything they need to effectively bid on the project. Your project Planroom remains active throughout the duration of the project.
- Subcontractor, architect and owner portal: Share real-time information with bidders, selected vendors, architects and clients to collaborate on the project, while protecting proprietary data
- Collaborative console: Review the history of conversations and actions taken, and communicate with stakeholders in real time to prevent delays and miscommunication.
- Metadata: Access detailed logs of the who and when behind every action and all communications
- Estimated Profit reports: Show performance data for a particular PM or Estimator
How can I identify any missed opportunities to help improve project profitability?
With RedTeam’s preconstruction software tools, you compare estimated costs with actual expenditures, along with relevant financial details to ensure more accurate estimates on future projects. You can identify any missed cost-saving opportunities or items you may have overlooked and improve your future project profitability.
Here’s how:
- Detailed estimated versus actual cost reports
- Integrated estimating and project management
- Bid reports that provide a clear picture of the success of estimating efforts
Can I track bid win rates to create successful strategies?
Yes. With RedTeam Flex and RedTeam Go you’re able to analyze bid win rates and any associated details. These details will help you see which bid strategies work and which need improvement. By analyzing win rates by estimator, project type and market, you can spot trends that lead to successful bids and refine your approach to win more work.
Schedule your live demo
Our solutions support your entire team
From Presidents and CFOs to Directors of Construction and Project Managers, RedTeam has features that streamline your team’s day-to-day.
Uncover the power of cloud-based preconstruction software
From advanced cost estimating and real-time bidding updates to seamless bid solicitation and comprehensive proposal pricing. Here are the top reasons to invest in preconstruction software to streamline your workflow, improve collaboration and reduce risk from the start. Elevate your preconstruction services and achieve better project outcomes with the power of cloud-based technology. |