Project Market Tracker Template

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The construction industry is continually evolving, making it essential to stay updated with current market prices and supplier quotes. The Project Market Tracker template helps Sr Estimators review market prices and supplier quotes regularly to ensure the most accurate and effective cost estimates.

This template provides a comprehensive guide to setting up and maintaining systems for tracking market prices and supplier quotes, which bolsters credibility and project success.

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Project Market Tracker for Priority Matrix

Project Market Tracker in Priority Matrix

Stay updated with current market prices and supplier quotes for accurate construction cost estimates.

You can start using Project Market Tracker or other Construction Project Templates with Priority Matrix in just a few steps:

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Proposed Tasks

Critical & Urgent

  • Establish Supplier Contacts
    ☐ Compile a list of key suppliers ☐ Establish contact with each supplier
  • Identify Key Market Prices
    ☐ Research current construction market ☐ Identify key prices to monitor
  • Regularly Review Market Trends
    ☐ Stay updated on overall market trends ☐ Adjust systems and estimates as needed
  • Regularly Review Supplier Trends
    ☐ Stay updated on supplier trends ☐ Adjust systems and estimates as needed
  • Regularly Update Market Prices
    ☐ Check market prices regularly ☐ Update system with new prices
  • Regularly Update Supplier Quotes
    ☐ Check supplier quotes regularly ☐ Update system with new quotes

Critical & Not Urgent

  • Create Price Monitoring System
    ☐ Identify software or platform to use ☐ Set up system for tracking market prices
  • Create Supplier Quote System
    ☐ Identify software or platform to use ☐ Set up system for tracking supplier quotes
  • Maintain Price Monitoring System
    ☐ Perform regular maintenance on price monitoring system ☐ Address any issues or problems
  • Maintain Supplier Quote System
    ☐ Perform regular maintenance on supplier quote system ☐ Address any issues or problems
  • Review and Adjust Systems
    ☐ Review effectiveness of systems ☐ Make adjustments as needed

Not Critical & Urgent

  • Review and Update Key Market Prices
    ☐ Review list of key market prices ☐ Update list as needed
  • Review and Update Supplier Contacts
    ☐ Review list of supplier contacts ☐ Update contacts as needed
  • Train on Price Monitoring System
    ☐ Learn how to use price monitoring system ☐ Train others on how to use it
  • Train on Supplier Quote System
    ☐ Learn how to use supplier quote system ☐ Train others on how to use it

Not Critical & Not Urgent

  • Report on Price Trends
    ☐ Compile data on price trends ☐ Prepare and present report
  • Report on Supplier Quote Trends
    ☐ Compile data on supplier quote trends ☐ Prepare and present report
  • Review and Update Training
    ☐ Review training materials ☐ Update training as needed
  • Test Price Monitoring System
    ☐ Run tests on price monitoring system ☐ Make adjustments as needed
  • Test Supplier Quote System
    ☐ Run tests on supplier quote system ☐ Make adjustments as needed