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Ratings and Reviews 0 Ratings
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What is BidVariance?
BidVariance is an innovative online Monte Carlo estimation tool tailored for consultants, agencies, engineering teams, and specialized contractors involved in fixed-price projects. The platform allows users to build intricate task-oriented models by entering optimistic, probable, and pessimistic estimates for both duration and costs, while also linking tasks and integrating probabilistic risks into their project plans. Its advanced simulation engine conducts thousands of outcome evaluations, delivering insights on variations in costs and schedules, including P50, P80, and P90 results, along with probabilities related to target margins, potential losses, and the likelihood of meeting deadlines, all based on the fundamental assumptions that influence these variations. Furthermore, users can examine alternative scenarios through Business and Consultant licenses, compute quotes reflective of their confidence levels, and export project information to produce printed reports that aid in decision-making. Although project models are saved locally within the browser, users must validate their online license to unlock the complete array of features. While there are free standalone bid calculators available that do not require account creation, accessing the full-fledged multi-task simulation application necessitates a one-time license purchase. This extensive functionality positions BidVariance as a highly adaptable tool, empowering users to effectively plan projects and assess risks while also adapting to various project needs. As a result, it enhances the decision-making process and ultimately contributes to the success of fixed-price project management.
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Integrations Supported
API Availability
API Availability
Pricing Information
Pricing not provided
Pricing Information
$129 one-time
Pro is $129 one-time for one user; Business is $249 one-time for up to five internal users in one legal entity; Consultant is $399 one-time for a consultant or consultancy analyzing client projects. Licenses are perpetual and include free minor updates; there is no subscription.
Free Version
Supported Platforms
Not specified
Supported Platforms
SaaS
Customer Service / Support
Not specified
Customer Service / Support
Web-Based Support
Training Options
Not specified
Training Options
Documentation Hub
Company Facts
Organization Name
Fiserv
Date Founded
1984
Company Location
United States
Company Website
fiserv.com
Company Facts
Organization Name
BidVariance
Company Location
Turkey
Company Website
bidvariance.com
Categories and Features
Financial Reporting
"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement
Categories and Features
Construction Estimating
Not specified