costdata® estimation (in development)
Product Cost Estimation in Seconds with AI
AI-powered bottom-up cost estimation based on real costdata benchmark data. We are constantly working to further develop the tool.
costdata® estimation combines artificial intelligence with proven cost-engineering methodology and costdata’s extensive database.
Quickly and transparently determine what a component should cost—based on real material, machinery, labor, and location data, rather than AI-generated cost fantasies.
costdata® estimation combines artificial intelligence with proven cost-engineering methodology and costdata’s extensive database.
Quickly and transparently determine what a component should cost—based on real material, machinery, labor, and location data, rather than AI-generated cost fantasies.
Quality and reliability for top companies
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AI Meets Cost Engineering
A cost estimate is only as good as the data behind it. AI can speed up processes, analyze information, and simplify complex relationships. However, a robust cost estimate requires more than that: a reliable data foundation.
costdata® estimation combines an intelligent cost engineering agent with transparent bottom-up costing and costdata’s extensive market and cost data.
AI speeds up the analysis. costdata provides the facts behind it.
costdata® estimation combines an intelligent cost engineering agent with transparent bottom-up costing and costdata’s extensive market and cost data.
AI speeds up the analysis. costdata provides the facts behind it.
Here's how it works
No made-up cost figures. No opaque black box. Instead, AI-powered cost estimates based on reliable cost-engineering data.
Define a component
Provide the available component and manufacturing information. The Cost Engineering Agent guides you through the relevant parameters and helps you identify any missing information.
Define a production scenario
Define or modify relevant parameters such as material, manufacturing process, production location, and quantity.
Calculate Using costdata Data
Relevant material prices, labor costs, machine hourly rates, and location-specific factors are incorporated into the cost estimate from the costdata database.
Receive a bottom-up cost estimate
You will receive a transparent cost estimate and see the individual cost components that make up the production costs.
Using Facts in Supplier Negotiations
A supplier quote shows the price a supplier is asking. A bottom-up calculation shows how a plausible price is broken down. costdata® estimation provides transparency regarding material, manufacturing, labor, and other costs, thereby enabling a well-informed comparison with supplier quotes.
Identify discrepancies
Understand the Cost Drivers
Go into the negotiation with a data-driven case
Estimation or Calculation?
Get started quickly.
Go into detail if needed.
costdata® estimation is ideal when you need a reliable cost estimate quickly. For extensive cost estimation projects involving detailed configuration and more in-depth calculation options, use costdata® calculation.
Data-Driven Accuracy for Your Decisions
Thanks to our comprehensive database—spanning 25 years—of product cost calculations from a wide variety of industries and regions, you benefit from realistic and precise cost estimates for well-informed business decisions.
Data-Driven Accuracy for Your Decisions
Thanks to our comprehensive database—spanning 25 years—of product cost calculations from a wide variety of industries and regions, you benefit from realistic and precise cost estimates for well-informed business decisions.
Cost Models:
Die Casting
Giessen
Injection Molding of Thermoplastics
Blow Molding
Sintering
Plastic Extrusion
Turn
Forging
Milling
Cold extrusion
Sawing and Cutting
PCBA
Milling, Planing, Boring, Reaming
Wiring harnesses
CNC Machining
PCB
Drilling, Countersinking, Reaming, Tapping
Frequently asked questions
How does costdata® estimation work?
costdata® estimation quickly generates a well-founded bottom-up cost estimate for building components. Relevant cost components—such as materials, manufacturing, machinery, wages, and other cost factors—are systematically taken into account. The AI agent helps gather the necessary information and efficiently arrive at a transparent cost estimate.
How transparent is the cost estimate?
The result is not merely a price forecast. Manufacturing costs are calculated using a bottom-up approach based on individual cost components. Relevant parameters, assumptions, and cost drivers remain transparent, so that users can understand how the result is derived.
Do I need experience in cost engineering?
No. costdata® estimation is designed to make reliable cost estimates accessible even without in-depth cost engineering experience. At the same time, its transparent bottom-up structure provides experienced cost engineers with the traceability they need for their analyses.
How does costdata® estimation support supplier negotiations?
costdata® estimation provides a data-driven foundation for better evaluating supplier quotes. The calculated "should costs" can be compared with quoted prices, and variances can be analyzed at the level of individual cost drivers. This allows for more targeted preparation of negotiations and enables them to be conducted using transparent cost-based arguments.
Does costdata® estimation replace the cost engineer?
No. The tool is not intended to replace cost-engineering expertise, but rather to make it more efficient. Recurring analyses and initial cost estimates can be completed more quickly, while experts gain more time for complex evaluations, optimizations, and strategic decisions.
What is the difference between costdata® estimation and costdata® calculation?
costdata® estimation is designed for fast, AI-powered bottom-up cost estimates. It efficiently guides users toward a well-founded cost estimate. costdata® calculation offers advanced capabilities for detailed product cost calculations and more complex cost engineering requirements.