PROBID

ESTIMATING & TENDERING SYSTEM

The Multi–Currency Edition

PROCON Construction Systems have released a Multi–Currency edition of their Estimating and Tendering system—PROBID. Some of the more significant features of this special edition are:–

SEPARATE ESTIMATE & TENDER CURRENCIES

An estimate may be priced in one currency—the Base Currency—and the tender submitted in another—the Bid Currency.

FOREIGN CURRENCIES

Up to nine Local currencies can be defined and used in each estimate. Resource and Subcontract costs may be in the Base currency or any of the Local currencies.

DECIMAL PLACES FORMAT

Each Local currency—and the Base and Bid currencies—can show unit costs and prices with a different number of decimal places. (Hence you may choose to show Malaysian Ringgit to two places, Hong Kong dollars to one place, and Indonesian Rupiah with zero places.)

FLEXIBLE EXCHANGE RATE ENTRY

You can specify—and easily update at any time—the Exchange Rates that relate Bid and Local currencies back to the Base currency. Exchange rates may be entered as direct rates (Local currency unit per Base currency unit) or as inverse rates (Base unit per Local unit).

EXCHANGE RATE DATE STAMPS

PROBID automatically displays a "last changed" date beside each exchange rate.

CUSTOMISATION & USER DEFINED LISTS

Foreign currency lists may be saved in standard Customisation templates. In addition, Bid, Base, and Local currency definition fields all support PROBID’s convenient User Defined List facility.

SUBCONTRACTORS

Subcontract prices may be entered in either the Base currency or one of the Local currencies. Subcontractor’s Orders are presented in the Subcontractor’s own currency.

SUPPLIERS & RESOURCES

Resource prices may also be entered in a Local currency. Resource unit prices are shown in both Local and Base currencies, and Supplier’s Orders are prepared in the appropriate currency.

OPERATION PRICING

Subcontract and Resource prices are entered and shown in Local currency units in the pricing line—with the equivalent Base currency cost shown in the summary area of the screen.

REPORT CHANGES

Many reports have been modified—or extended—to highlight the currencies being used.

The ESTIMATE MASTER report includes a tabulation sheet like this:-

Currency

Symbol

Dec Plcs

Exchange Rate

Inverse Rate

Changed

Japanese Yen

¥

0

0.0116009 A$/¥

86.2 ¥/A$

4NOV97

Thai Baht

Bt

1

0.0374392 A$/Bt

26.71 Bt/A$

19OCT97

Hong Kong Dl

HK

1

0.1851852 A$/HK

5.40 HK/A$

16OCT97

Malaysian Rg

Rg

2

0.443 A$/Rg

2.2573363 Rg/A$

21NOV97

Indonesian R

Rp

0

0.0004175 A$/Rp

2395 Rp/A$

19NOV97

Singapore Dl

S$

2

0.91 A$/S$

1.0989011 S$/A$

8NOV97

An ITEM CURRENCIES report—shows a breakdown of costs into Base and Local currencies. Group, Section, and Item figures are shown in the estimate's Base Currency, and currency totals are shown in both Base and Local currency units.

The TENDER SUBMISSION and TENDER ANALYSIS reports present the submitted rates and all the tender makeup details in the defined Bid currency.

 

You Need the Multi–Currency edition of PROBID if ...

¼ you are tendering overseas projects—or incorporating foreign currency costs into your domestic tenders. The exchange rate volatility in Asia—and the extra difficulties this creates for the estimator—have highlighted the risks involved in this type of work. In this environment, you just cannot afford to be preparing complex estimates and tenders without the best tools available. The PROBID Multi–Currency edition retains all the simplicity and flexibility of the Single–Currency edition, while providing an intuitive and powerful mechanism for currency management.

PROBID’s Single–Currency edition has won every formal evaluation of computerised estimating systems conducted in Australasia since its introduction. It has since been used to prepare the tenders for some of the region’s largest and most complex construction projects and is now used by more of our major Public Works Authorities, Project Managers, and Civil, Mechanical, and Electrical Contractors, than any other estimating system!

Take a look at the new Multi–Currency edition of PROBID—and see why!