"Two Hours of Terror" – October 27, 2017

Building on the energy of their “Estimators Fair” in June, the ECA Professional Estimating Group (PEG) marked the Friday before Hallowe’en with “Two Hours of Terror”: a mock tender closing.

The winning bid was determined by comparison to an expert bid, calculated by NAIT instructor Bruce Smith, who designed the simulation.

Bruce's Expert Bid: $4,064,237
Lowest Team Bid: $3,662,000 (10% low)
Highest Team Bid: $4,111,050 (12% high)


The winning team arrived at a bid that was only off by $265 from the expert bid – a difference of only .006%. Incredible!

 

Winners.jpg

 

Congratulations to the winners! (front row, left-to-right)

  • Bridget Kuzoraunye (NAIT student), 
  • Iren Parvin (Aman Builders)
  • Adam Samuelson (Modern Niagara)
  • Tyler Feist (Cutting Edge Landscaping)

Special thanks to our event sponsor, Joe Magas from Fusiontek (back row, right – with Matt Schellenberger, ECA). Special thanks also go to Bruce Smith and NAIT, for organizing and hosting!

Click to see all the event PHOTOS.