Risk Analysis in HeavyBid
If you have the Comprehensive System, you have a Monte Carlo risk analysis module (introduced in 2019). It is not for every project, but where it can be beneficial is design-build and any large complex project where production and costs could vary and you want to quantify it better. Contractors have used this analysis for years but have been doing it outside HeavyBid. It is not a way-out-there concept but a tool that touches your life daily; you don’t realize it. Below is the link to the HCSS Academy with a video on the feature and another link to a Youtube video discussing the concept in more general terms.
Youtube – Monte Carlo Simulation
HeavyBid – Basics and Beyond is devoted to everything HCSS HeavyBid and estimating. Updated regularly with helpful insights and tools of the trade, this blog is designed to make your estimating easier and more successful.
