The module helps in creating the budget and tracking the cost against the budget. Setup required for Estimation and Budgeting are defining project, creating project structure, creating work breakdown structure (WBS) with job and activity and Rate analysis for Material, Labour and Machinery. Quantity is estimated with respect to the BOQ quantity of the drawing file. As soon as estimation is approved, we save the Zero Cost (Initial) Budget using estimated quantity and ra rate. Zero Cost budget helps to analyze cost variation at a later stage. System allows you to amend estimation as scope changes.

RealxERP supports fully-integrated request for quote (RFQ) processing. Choose Contractor to send RFQ for estimated quantity. On submission of request, mail will be sent automatically to all selected contractors. Contractor responses can be entered into system either through manual processes or directly by the contractor via a secure contractor portal over the Internet. Once the contractor has been selected, work order orders can be created directly from the RFQ.

Accurate Measurement and Billing system is Key to Success. The system helps Site engineer or supervisor to track the completion by Daily Progress Report (DPR). It has comprehensive data capturing mechanism to create measurement of books (MB) based on the actual percentage of completion. Measured quantity goes for billing process.

Based on the measurement against a work order, running account bill (RA Bill) is created. Advance RA bill can be created after awarding the work order. At the time of billing there is a provision to recover the advance, release the temporary deduction, retention. Payment certificate can be created against one or multiple bills for a specific contractor. The accountant update the payment details like cheque number, cheque date, amount paid etc.