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Importance of Construction Cost Estimating Software

Author: Kea Jones
by Kea Jones
Posted: Mar 24, 2015

For years, contractors have estimated construction costs for specific projects to ensure that they can determine bid prices for a project. While earlier, contractors used to apply multiple, time consuming methods for price calculation, now they get an estimate through simple software systems. Construction estimating software is basically a software that architects, construction managers, engineers and others use of regular basis to prepare core estimate costs for bidding, construction and other purposes.

Earlier, spreadsheets were used to prepare construction estimates. But detailing of construction projects and finances resulted in errors creeping in. That’s when accurate and cost efficient construction estimating software came to rescue. These software systems avoid errors through hard coded formulas and data structures. Today, they are vital and important for construction projects because they predict reports, provide speed, accuracy, standard results and refer to a custom database for estimating costs and assessing data.

These software systems are crucial and important because of their advanced features. While traditional methods or spreadsheets only calculated a set of amount, these software systems provide other facilities, such as calculation of saving data, trade-specific calculations etc. This allows users to customize software for traditional building construction, like shops, residences and malls and civil construction, which includes construction of bridges, roadways and utility systems.

Cost estimating benefits along with efficient delivery schedule, assigning of jobs and contracts provides contemporary construction estimating software and edge over the others. Some of the typical features of these software includes measurement of paper and electronic plans, reference to cost data, estimation worksheets, items and activity lists, resource costs, including information like workers’ compensation and calculations for industry specific usage. They also come with cost mark-ups for general administrative costs and job history.

Construction estimating software are vital for construction companies and contractors because they offer several benefits. For instance, their speed gives them an edge, saving time and money. At the same time, they are more accurate, track actual labour and material or resource costs. They also provide consistency, which allows contractors and operators to design real time estimates and compare these with the job costs. This helps operators avoid costly overruns.Another importance of these software (Save time & cost) systems is the fact that they estimate labour resource and equipment required for the job. So, accordingly, you can procure product s and services, while tracking overall progress of the job.

On a whole, these software systems enable effective and efficient project management. They have higher degrees of professionalism, which along with project management helps in preparing estimates, tracking job costs and performing a variety of tasks. Professionalism is ensured through the customized optimization of the services offered by these software system, which further ensures that everything is streamlined.

It must be noted that companies and contractors who use these software tools instead of using traditional sources or mere spreadsheets have increased chances of success, proper budgeting and accurate results.

About the Author

I am Kea Jones a Content Curator, New York based columnist who love to write about various buzz and current affairs in business world. Besides that I am also writting reviews for various new local business houses, products and services.

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Author: Kea Jones

Kea Jones

Member since: Jan 26, 2015
Published articles: 25

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