TrakPro started
in 1996 to evaluate projects that we had bid and won. It didn't take
long to notice: that some technicians had been promoted or were unavailable,
material pricing had gone up or new testing equipment would greatly
reduce labor hours. Using the same vision as for BidPro,
we wanted
TrakPro to incorporate the same sophisticated inputs
as well as provide management with estimate-to-complete values to ascertain
project
profitability,
over-under
billing and cash
position.
TrakPro is
a stand-alone package that allows up to 35 additional Change Orders
to be grouped with the original bid (either from BidPro or
directly entered). Up to 300 specific technicians can be listed along
with their
individual pay rates. Technician hours can
be tracked by regular, overtime, doubletime, premium, premium overtime
and premium
doubletime for up to 500 line items. Each line item could represent daily,
weekly or monthly manpower tracking. Input sheets that detail direct
material cost, subcontractor cost, and PPPM (parking, per diem, permits
and mileage) all feed into the Cost Chart and WIP (work in progress).
The WIP sheets breaks
down the actual costs, estimate-to complete and provides billing and
cash positions for the original bid. Additionally a Time
& Material Option, Fixed Material and Fixed Labor Option were added.
The T & M option
was added when a customer asked us to re bid a project on a time & material
basis. The
"fixed" parameter options were added when we were asked to bid
on a project were
the customer specified how much they paid for labor or material on
a specific job. Rather than change what the customer expects to see,
we can fix a
price and easily adjust the other parameters to provide a desired
gross margin picture for our company.
TrakPro also provides
a graphical depiction of "above the line - Bad" or below the line -
Good"
coupled
with ETC
that quickly shows the progress and project completion specifics without
having to deep dive into the numbers of many concurrent running projects.
By comparing
the original bid costs & profits to the currently running or
completed project, we are also able to evaluate the success of our
project
managers and gauge the effectiveness of our estimators. This helps
greatly at bonus and review time.
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