Having an assessment of how much a construction project will cost you can save you a lot of hassle once you break ground with your construction project. Construction estimating software like CostCertified will assist you every step of the way during construction.
Construction estimating software is packaged such that they give you a detailed overview of your construction project’s needs. This means that you’ll have all the information you need to guide your decisions regarding the project all under one system.
The construction estimating software does away with the need for you to have multiple information sources regarding different aspects of your project. Taking advice from all these different sources can be overwhelming and prone to messing up on figures and quotations.
What Is Construction Estimating Software?
At its most abstract form, construction estimating software can be described as the software used to assist in planning and tracking for every construction project step. It offers an easy and automated system for the management of the construction process.
This software solution is implemented either for a web-based or desktop setup. It works to keep track of and plan for the different operations and tasks involved in a construction project.
Depending on the size of a construction project, there are different ways of coming up with cost estimates. For small construction projects, it is common for the contractor or a team of different individuals to develop their forecasts for the project off the top of their heads. In big projects, however, going for the option of letting all the players in the construction process come up with their evaluations and estimates can be pretty expensive.
Construction estimating software like CostCertified is designed to give you the front row seat when making selections for your construction needs, based on real-time pricing of different products and services.
How Do Construction Estimating Software Work?
Depending on the size of a construction project, you can take different approaches to estimate the construction cost.
Construction estimating software’s most significant selling point is that it reduces the amount of paperwork involved in construction project management. The software reduces the need to have multiple individuals like accountants and cost estimation experts engaged in a project by automating the roles they would usually play.
With advancements in technology, construction estimating software like CostCertified cannot only help in the projection of construction costs but also provide a platform for collaborative work.
By having an extensive data repository from which to reference, construction estimating software compares real-time market prices for materials before giving cost estimates. With great visual representations, some construction estimating software allows you to try different combinations of different materials on your construction project.
On a more collaborative approach, some construction estimating software provides a platform for the contractor to manage and coordinate different teams tasked with playing different construction projects. In times such as these, where we’re in the middle of a global pandemic, having a centralized place for different players in a construction project to meet virtually couldn’t have come at a better time.
The construction estimating software industry is well regulated and operates based on a set of industry standards.
Who Uses Construction Estimating Software?
Designed with the aspect of adaptability at their core, construction estimating software like CostCertified can be tweaked to apply to the individual needs of whoever is using them.
Regardless of whoever uses the software, construction estimating software is feature-packed and always works easier. Here are some of the people who make use of construction estimating software.
Contractors
Contractors are among the most vital players in any construction project since they work directly with almost every other individual or group involved in the construction project.
What is considered the primary use that a contractor has for the system is progress tracking. Ideal use of the construction estimating software, every stage of the construction project is logged, starting from the first cost estimations to completing the final fittings.
Different phases in the project can be tagged with milestones, which you can use to compare the actual progress versus the planned schedule.
Since the contractor is, in a way, the middleman between the project’s financiers and the project, the contractor is responsible for providing reports both on the spending and progress of the project.
Engineers and Architects
In a construction project, engineers and architects are the ones whose visions are brought to life. When interacting with the construction project’s financiers, an engineer can get advice on different product options and try out different product combinations.
An engineer can also try out different products and items on their own, weighing extra costs to present a quotation to the client.
Project financiers
A construction project’s financier needs detailed information about the project, more than any other person involved.
From the onset of the construction project, depending on the scale, as a financier, you can create an abstract model of the final project. This will allow you to see a rough estimate of how much the project will cost you even before you get to consulting contractors.
Most construction estimating software is built to fetch construction labor costs from current market rates in real-time.
Why Is Construction Estimating Software Important?
Saves Time
To get estimates, it would take you a pretty substantial amount of time to talk to all the different professionals involved in seeing through your construction project. A good construction estimating software presents all these professionals’ insights in the form of a software system.
Easily Available
With many computers and other computing devices readily available, construction estimating software can be easily set up on a host of different platforms. In this age of cloud computing, it means that data on the happenings of your construction project is readily available whenever and wherever in real-time.
Automates Progress Tracking and Reporting
From start to finish of a construction project, the construction estimating software can make a detailed analysis of all that pertains to the construction project. It gets to report on the logistics of materials, feedback from engineers and sub-contractors, and how the construction is moving along in comparison to the planned schedule.
Highly Reliable
Construction estimating software is packed with convenient features that deliver on making the whole construction process less strenuous.
Compared to manual approaches to cost estimations and overall project management, construction estimating software is less prone to inaccuracies. A human contractor or cost estimator can under-quote or over-quote parts of the construction project or outright miss out on some costs.
A construction estimating software is less likely to disappoint you by giving you rather far-fetched figures through real-time retrieval of standard industry figures. Also, on scheduling and making time estimations, construction estimating software makes their judgment based on well-researched working schedules.
Implemented using machine learning and artificial intelligence technologies, construction estimating software is designed to give the best possible estimations of any given product combination.
- Cuts Down on the Overall Construction Costs
For a construction project financier, using construction estimating software saves them on consultation fees with different professionals. These costs can be pretty substantial, more so in large construction projects.
Construction estimating software has been developing quite fast over the years, and now they are almost a sort of staple in most construction projects. Using this software in your construction project will give you a less stressful experience and create more time and other things.
