Cost Estimating Accuracy, Speed, Transparency, Defensibility, and Standardization
As the most experienced cost estimating company in the world, PRICE® Systems provides agile and accurate estimating solutions. We enable our clients to become better estimators, improve bid success ratio, achieve tremendous savings in analyzing effective alternatives and improving cost management, and be confident in the costs, schedules, and risk estimates of their business cases.
PRICE’s multi-faceted cost estimating solutions help manufacturers bid more competitively; help buyers maximize budgeting, planning, and purchasing efficiency; and speed the evaluation of beneficial tradeoffs among project variables.
- Integrated Approach
- TruePlanning® Framework
- PRICE® Cost Models
- Legacy Cost Models
Senior cost estimating experts at PRICE Systems help government and commercial clients achieve top down estimating and cost estimation systems integration, and offer a broad range of Program Affordability services.
- Implementation Support
- Training & Mentoring
- Support & Maintenance
PRICE Systems’ parametric estimating helps organizations streamline their estimating and cost proposal processes to reduce risk, reduce cost, and increase efficiency. For more than 40 years, PRICE has impacted various industries, processes, and functional areas.
- Improved Core Estimation Capability
- by Industry
- by Process
- by Functional Area
Deep Roots in Parametric Estimating
Since 1969, PRICE® Systems has been collecting and analyzing data from hardware, software, aerospace, defense, and commercial/industrial projects, to refine cost models that help users develop defensible top-down estimates with speed, accuracy, transparency, and standardization.
|2016||PRICE® Systems Cost Research team wins Team Achievement of the Year Award at ICEAA’s Professional Development & Training Workshop.|
|2014||PRICE® Systems introduces the Space Missions Catalog, which is an enhancement to NASA’s Space Missions Model, previously known as the “Chicago Cost Model” or “ChiCoMo”|
|2013||PRICE® Estimation Systems Integration Framework introduced; enables PRICE tools to work with
other cost management functions
|2010-2013||PRICE® Systems expands with Defense organizations in Spain, Canada, and Italy|
|2007||Web-based training added to PRICE® University; delivers educational courses, exercises, and hands-on product training for both customers and practitioners|
|2006||PRICE® Systems launches IT Systems Life Cycle Cost Estimating Suite|
|2003||PRICE® Systems introduces TruePlanning®, a framework that integrates multiple cost models
within one system
|2001||PRICE Systems’ President and CEO Anthony DeMarco selected to serve on International Space Station (ISS) Management and Cost Evaluation (IMCE) Task Force by NASA Administrator|
|2000-2006||PRICE® Systems expands with Defense organizations in Japan, S. Korea, Australia, and China|
|1998||Management buyout from Lockheed Martin; PRICE® Systems LLC formed as independent company
(Anthony DeMarco, President and CEO)
|1986-1995||GE acquires RCA; RCA PRICE® Systems becomes GE PRICE® Systems under GE Aerospace division
Martin Marietta acquires GE Aerospace division; GE PRICE® Systems becomes Martin Marietta
Lockheed Corporation merges with Martin Marietta to form Lockheed Martin; PRICE® Systems
|1984-1985||PRICE® Systems expands to first global offices in France, the United Kingdom, and Germany|
|1984||Cost forecasting and analysis technology pioneer Anthony DeMarco joins PRICE® Systems|
|1976-1983||PRICE® Systems introduces additional cost models: Hardware Lifecycle, Software Development,
|1975||PRICE® Systems business launched within RCA; introduces first parametric Hardware Acquisition Cost Model (Frank Freiman, Founder)|
|1969||RCA’s Frank Freiman invents parametric cost modeling for estimating acquisition and development
of hardware systems