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Eos Introduces New Cost Estimating Product for Small & Mid-sized Construction Firms

By Construction Tech Review | Tuesday, September 08, 2020

Eos Introduces New Cost Estimating Product for Small & Mid-sized Construction Firms

Eos Group releases the Eos Cortex 365 Project History tool for the small and mid-size building industry.

FREMONT, CA: Eos Group announces the release of Eos Cortex 365, a benchmarking, conceptual estimating, and a trend analysis software solution for the small and mid-size architecture, construction, engineering, and owner (AEC/O) industry. Eos Cortex 365 draws on the companies more than 25-year history in the AEC/O market to bring its highly successful project history and benchmark stage to the small and mid-size business (SMB) sector first time.

Eos Cortex 365 is a cloud-based project history solution that changes historical data into a strategic corporate asset by enabling the users to quickly and easily develop the benchmarking studies and defensible initial project budgets. Created on a multi-layer big data and predictive analytics framework, the solution is on the way to become a game-changer for the preconstruction industry.

"In our highly competitive construction market, those who respond earliest with the most credible answer will have a competitive advantage. Cortex 365 will allow small and mid-size construction industry businesses, and facilities portfolio operators, to analyze and develop project budgets with the effectiveness that our longtime enterprise-scale clients have experienced," says Nick Papadopoulos, the CEO of Eos Group.

The Eos Cortex 365 platform will improve building planning and design processes by analyzing relationships in real time between historical systems, quantities, and costs. It will also allow validation of the third-party estimates and budgets from the contractor and consulting partners, serving as the central repository of all estimated and actual historical project cost data.

Eos Cortex Project History is an indispensable tool for owners, general contractors, and cost estimating and project management consulting firms; it functions as the Eos Cortex 365 platform's back end. Eos Cortex Project History has already made waves in the building and facilities industry and poses a crucial resource for some of the largest engineering and construction firms worldwide.

"The Cortex system is very clean, and easy to implement, operated easily by engineering professionals without formal technology training or experience in the software side of our industry," says Pete Bredehoeft, a cost estimating leader than 30 years of experience. "Our team utilized the system globally, across several different building categories, and delivered incredible success thanks to this tool. I am confident that Eos's new Cortex 365 solution will be an invaluable addition to those businesses operating at the smaller scale of the construction sector."

Eos Cortex 365 provides a rich launch configuration that makes it easy to publish historical projects within a few hours. It can also be configured to meet each company's data standards without the need for corporate IT systems staff.

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