Reasons For Using Construction Estimating Software

The use of Construction Estimating Software can help in determining the feasibility of a building project. Whether the project is for private or commercial purposes, the estimates will help determine if the project is within the budget so that modifications can be made, or if it should even proceed at all.

The entire process of preparing an accurate and comprehensive estimate for residential construction costs or even a light commercial project can be an arduous task. A manual approach to such a task creates a likely circumstance for making errors.

Construction estimating software can facilitate the preparation of necessary paperwork and can perform other tasks, as well. A capable program can also track purchase orders, archive projects into a database, and can perform some accounting functions.

With these multi-purpose functions, contractors and cost estimators can benefit from such software. Needlessly, large and medium-scale contracting companies will find it more profitable to employ construction estimating software in their business. The small-time contractor, on the other hand, may find it an expensive or even unnecessary purchase. But here are five reasons that might reverse this outlook:

Error Reduction

Nearly all of the most common errors in construction cost estimating can be categorized under a word: inaccuracies. Whether in arithmetic, measurements, and dimensions, or wage rates for labor, these errors can be reduced by applying construction estimating software, since it can do the calculating without or with little intervention from the user. The software uses centralized cost books which allow the user to insert national and regional cost information such as wage rates for labor, costs for material, subcontractor, equipment, and other factors that if inaccurate, may cause a contractor or estimator to produce a poor construction cost estimate.

Financial Organization

Construction estimating software also features report generating capabilities, which enable the user to present forms to the client, like contracts and change order forms, among many more others. The interactive versions of these allow the user to track jobs and costs. In addition, some programs allow interaction with accounting programs, enabling bookkeeping functions. A contractor/estimator availing of these functions would be able to track the progress of jobs, monitor the precision of construction cost estimates produced, and stay on top of finances.

Archiving

The future of the business is also taken into consideration somewhat by construction estimating software. Completed jobs can be filed by the program into a database, which can then serve as a quick reference when estimating new bids. Records of previous projects are not only secured and organized but will also serve to guide the contractor or estimator towards the best business decisions.

Time Management

The multi-tasking capability of construction estimating software takes most of the burden and enables the contractor to perform repetitive day-to-day activities more consistently and with less effort. Not only will work get done but time will be freed up, as well, for spending in other areas of business or perhaps for leisure.

Staying in the Competition

Perhaps the most important point to consider in evaluating an investment in construction estimating software is whether it would boost a competitive edge. The organization tools packaged into an estimating program will demonstrate a professional quality of work output that is at par with larger contractors, and will also make the program pay for its keep. If the competition is already using one, then it would be best to get some research underway and find a product that will meet business needs.