It's true - Even a fraction of a cent difference in the unit price of a bid item can significantly affect your final overall bid price. That's why SharpeSoft Estimator extends unit prices to the fourth decimal place in all calculations.
As an example, assume you have 500,000 cubic yards of dirt to move. If your unit price were $2.25 per cubic yard, your cost would be $1,125,000. However, if the actual unit price is $2.2451 your cost drops to $1,122,550.
Although a difference of $2,450 may seem insignificant, when all the chips are in it could make the difference between winning or losing the bid. Most of our clients prefer this pinpoint accuracy, as it gives them the edge they need in a highly competitive market.
Nevertheless, when finalizing their bids some estimators prefer to round their unit prices to the nearest one hundredth - which is why SharpeSoft Estimator has an option to set the unit price to two decimal places in your proposals.
To do it, follow these steps - Or check out the VIDEO below, where we walk you through the process.
1. In Estimator, go to the Reports menu and open the Reports Tree. The Select Report window will open.