explore the BusinessNet
Estimation's QuoteMaster now tackles Net Price Agreements
Story
Estimation’s QuoteMaster quotation management module now incorporates advanced tools for managing Net Price Agreements (NPAs), increasingly used by suppliers to fix prices on key items for a pre-agreed term.
QuoteMaster provides an interface between the supply chain and Estimation’s Central Price File of materials used throughout Estimation’s software as well as to their Estimating and Procurement modules. This enables contractors to quickly prepare a list of materials, and then submit it electronically to suppliers as a request for quotation.
QuoteMaster interfaces to everyday tools such as Microsoft Excel and Word, into which suppliers can enter their prices for the contractor, so any need for proprietary item or vendor codes is eliminated. This also means there is no need for special product data or software. This overcomes the headaches from lack of industry wide unique product references.
As quotations are returned by suppliers, these are imported electronically into QuoteMaster, where the inbuilt adjudication screens assist the contractor in making easy comparisons and adjudicating between quotes received from multiple suppliers.
Once the contractor has finalised the choice of supplies, QuoteMaster posts the Net Prices from the supplier into the Estimation software, ready to be used when preparing estimates and raising purchase orders.
To make life even easier, Net Price Agreements are stored, ready to be refreshed at any time. So as the current agreement is drawing to a close, it is quick and easy to resend the Request for Quotation to suppliers and refresh the Central Price File with their latest Net Price Agreement.
