Presto

Cost management for construction

Presto
Cost management
for construction

www.presto.es

Presto
Cost management for construction

Successful projects

T4 Barajas Airport, Madrid, Spain (image: Faithful Gould)

AVE Alta Velocidad Espaola (Spanish High Speed)

www.presto.es

Presto
Cost management for construction

Cost management in different stages

Estimate
- Instead of Excel
- Integrated with BIM and other construction softwares

Planning
- From the PM and contractor viewpoints
- Integrated with time planning software

Execution
- Integrating data from all the agents
- Cost & profit information system

www.presto.es

Presto
Cost management for construction

Cost management for all the agents

involved in construction
Supporting their different needs
- The project team needs a powerful estimation system
- Planners need to analyze cost, resources and financing
- The contractor needs a system controlling income & cost
- The project manager needs to integrate data from all others
and manage changes
- The end user wants to see results

www.presto.es

Presto
Cost management for construction

Global benefits of using Presto

Construction specific software
Structured information system
- Predefined by design
- Flexible for displaying and delivering of information

No underground computing
- Professionals focus in the core business, not in programming
- Excel is used for information output, not for data input
- Quick start, no implementation is required

The state of the art in Windows software

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Presto
Cost management for construction

Simple architecture, powerful

connections
Presto is used independently by the different agents
- Each agent uses the Presto relevant components he needs
- Each agent sends to others only the required information
- The information is structured to integrate seamlessly
among all actors

Presto is not perceived as a control system,

but as a support tool

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Presto
Cost management for construction

Balance: cost, time and quantity

Many information systems for construction are
based on time or money.
Planning systems are based on time and activities
- Activities are too many to control costs
- Schedule requires constant updating
Accounting systems are based on money
- They cannot accurately measure progress or make
predictions.

Presto is based on monitoring quantities.

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Presto
Cost management for construction

Presto in the estimate stage

Flexible Cost WBS (CBS)
CBS elements share a common structure:
- Divisions: MasterFormat, Uniformat or any other
- Work units: custom or from price databases
- Resources breakdown: any number of labor, equipment,
materials and other components

CBS may match or not the planning WBS

Direct site, home and profit overheads and specific
percentages for work units
Cost based in unit rates and quantities
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Presto
Cost management for construction

Presto in the estimate stage

Oriented to information reuse and exchange
A single format allows data exchange in any direction
- Price databases
- Products catalogues
- Estimate and planning
- Cost control

Work units may be reused between estimates

- Based on the (open) coding system
- With unit prices and rates
- Overheads adapt to destination estimate

www.presto.es

Presto
Cost management for construction

Open information system

One source, multiple outputs
Once the information is in Presto, it may be exported in any
format
- Open, customizable report system, Access style
- Printer, PDF, TXT or RTF printing of any report
- Excel: full estimate or specific windows export
- Inserts data in Excel or Word predefined templates
- Full export and import to/from Microsoft Access
- WBS and resources output in Primavera XML format

Presto files may be created from Excel files, GAEB, XML,

BC3 and other national formats.
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Presto
Cost management for construction

BIM integration: Revit, Allplan, Archicad

Quantities, location and cost relevant data is retrieved from
the model even if no special action is performed by the
project team
- Catalogues in BIM format for an easy selection of work units
- Data may be checked before being added to the estimate
- Optional feed-back from the estimate to the model
- Selected estimate elements are displayed in the model

Estimate and model may evolve at the same time

- Changes, additions and deletions between successive data
versions are detected
- Manual changes in the estimate do not mix with BIM data
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Presto
Cost management for construction

Presto in the planning stage

Planning is the basis for economic control by the PM project
manager

Cost planning is based

ON

NOT ON

Cost or income centers

Activities

Months

Days

Quantities

Money / Time

Bidirectional link to Primavera and Project avoids retyping

information and mistakes
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Presto
Cost management for construction

Presto in the planning stage

From the PM viewpoint
3D matrix estimate
- CBS (divisions and work units)
- Activities (areas, sectors, sections, levels, tasks...)
- Financial periods (months)

Cost planning (by financial periods)

- Convert from Primavera activities and dates
- Quick planning by "S" curves
- Financial planning

Tendering and RFP Request For Proposals

www.presto.es

Presto
Cost management for construction

Presto in the planning stage

From the PM viewpoint
Information sent by the agents integrates into the PM
information system
- Initial estimate
- Approved & pending changes
The PM can show results to the client as soon as data is
received
- This cannot be achieved with underground computing, such
as Excel.
Customization may be performed by Presto, the PM or the
user itself
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Presto
Cost management for construction

Presto in the planning stage

Financial planning

Based on real payment terms

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Presto
Cost management for construction

Presto in the planning stage

From the contractor viewpoint
Cost and income analysis
- Unit cost (standard rates and price databases)
- Operational estimating (first principles)
- Overheads

Tendering and planning

- Resources by dates, financial periods and cost centers
- Manpower and equipment analysis

Contracting and purchases management

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Presto
Cost management for construction

Presto in the planning stage

Resources by financial periods

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Presto
Cost management for construction

Presto in the construction stage

Income and cost tracking
Payment Certificates for public and private clients
Tracking models
- Planning, construction and certification by financial periods
- Cost tracking by "S" curve patterns
- EVM Earned Value Management

Process management
- Controlled exchange of information between agents
- Variations from the initial estimate

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Presto
Cost management for construction

Earned value management

A formal methodology for monitoring
deviations
Actual work valued at estimated cost
- EV / Actual Cost = Cost Performance
- EV / Planned Value = Schedule Performance

Accurate estimation of current progress, cost and time at

completion
- Predefined, common terminology for all the agents
- Independent of bar chart planning

Based on the information normally available to the PM

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Presto
Cost management for construction

Earned value management

From the PM or the contractor point of view

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Presto
Cost management for construction

Presto: economic model

Price
Quantity

Estimate
Contract price

Target
Expected cost

Execution
Actual cost

Estimate
Project

Estimate

Certificacin
PM approved

Certification

Target
Revised project

Total production

Initial target
BAC

Project cost
EAC

Planning
Target to date

Planned production

Planned value
PV

Execution
Real quantity

Actual production

Earned value
EV

Actual cost
AC

www.presto.es

Presto
Cost management for construction

Added value for the end client

Presto advantage for the client is obtaining
accurate and verified information
Easy to understand information system (Presto and Excel)
Display of initial estimate, approved changes and variation
orders
Standard methodology
Quick start-up
In time to make decisions

www.presto.es

Presto
Cost management for construction

+60.000 users in +20 countries

Designed for local users in a global
environment
Easy to localize
- Multi-language reports
- Multi-currency
- Translation of estimates via Google
- Online training

Presto is Microsoft Platform Ready

More about Presto at www.presto.es
www.presto.es