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AI Features

AI Cost Estimation

Get project cost estimates using your uploaded quotes and project data to help with planning and budgeting.

How AI Cost Estimation Works

Smthy helps you create cost estimates based on your uploaded quotes and project data.

🚀 Coming Soon: Advanced AI Cost Analysis

We're developing advanced AI that will analyse market trends, seasonal pricing, and regional variations for highly accurate cost predictions. Currently, estimates are based on your uploaded quote data.

Data Sources

  • • Your uploaded supplier quotes
  • • Current market pricing
  • • Regional price variations
  • • Seasonal pricing trends
  • • Volume discount patterns

Analysis Factors

  • • Project size and complexity
  • • Location and accessibility
  • • Plant maturity and pot sizes
  • • Installation requirements
  • • Maintenance considerations

Types of Cost Estimates

Quick Estimate

Instant ballpark figures based on project scope and standard rates. Perfect for initial client conversations.

Accuracy: 70-80%

Detailed Estimate

Comprehensive cost breakdown using specific quotes and detailed project requirements. Suitable for formal proposals.

Accuracy: 85-95%

Market Comparison

Compare your quotes against current market rates to ensure competitive pricing and identify savings.

Real-time data

What Gets Estimated

Direct Costs

Plants & Materials✓ Included
Labour & Installation✓ Included
Equipment Hire✓ Included
Delivery Costs✓ Included

Project Overheads

Project Management✓ Included
Design Fees✓ Included
Permits & Approvalsâš  Optional
Contingency Buffer✓ Included

Estimate Accuracy & Reliability

Factors That Improve Accuracy

  • • More uploaded quotes from your suppliers
  • • Detailed project specifications
  • • Recent pricing data (within 6 months)
  • • Clear site conditions and access information

Limitations to Consider

  • • Unusual site conditions may affect costs
  • • Custom or specialty items need manual pricing
  • • Estimates don't include council fees or permits
  • • Market fluctuations can impact final pricing

Using Cost Estimates Effectively

Client Presentations

Use quick estimates to give clients immediate ballpark figures during initial consultations. Follow up with detailed estimates for formal proposals.

Tender Preparation

Compare AI estimates with actual quotes to identify the most competitive suppliers and ensure your tender responses are competitive.

Budget Planning

Use estimates to help clients understand budget requirements and make informed decisions about project scope.

Important Notes

Professional Disclaimer

AI cost estimates are for planning purposes only. Always obtain formal quotes from suppliers and contractors before finalising project budgets or client proposals.

Estimates should be used as a starting point for discussions and planning, not as binding cost commitments.

What's Next?

You've mastered Smthy's AI features. Now learn how to set up and manage projects effectively.