Costs an integral part of construction projects, as the projects have huge budgets. Due to huge budgets, the implications associated with correct estimations aren’t ordinary either. They impact not only the project owner and investors but also the project manager’s job.

With the advent of technology in all spheres, the construction industry can benefit greatly from cost estimation and project management software and tools greatly. If you want to find out the most suitable software for your construction project’s cost estimation, you have landed on just the right page.

This article aims to introduce you to the construction project cost estimation and management tools.

Five software you can use for construction project cost estimation

The first step, even before the project’s bid, is to perform the correct estimation of a construction project. The construction process itself has become mechanized, with increased penetration of technology in modern society. Just like the actual building process itself, you can make use of tools for the project’s management in general and cost estimation specifically.

Construction projects owing to their complex nature are often facing claims and conflicts. To deal with those in your project, you will need the services of Construction claim consultants near you to keep disruptions to a minimum. You can significantly reduce these claims by making efficient use of the following software tools:

1.      Candy

Candy is a project management tool that enables project control, which is one of the key elements to manage in the construction project. It takes into account the requirements of contractors, including take-off numbers, project plan, costs and pricing, site-level control. It also factors in analytical estimations, the critical path of project activities targets dynamic forecasting, and cash flows from the beginning of the project till the end.

The construction project management software provides you with a responsive link to navigate between the Bill of quantity and schedule of work. In this way, it proves to be an exceptional project management solution for the construction and engineering industry.

2.      CostX

It is an innovative cost estimation software preferred by many experts nowadays. It can grab measurements from scanned pdf and cad documents accurately and quickly. It can generate BIM quantities on the basis of models you provide it with. These models can either be 3Dmodels or BIM models.

With this tool, you can make use of hierarchical workbooks for creating estimates of buildups ad access user-defined libraries at the same time. It empowers you to create customized reports. It works fast and offers a high level of accuracy in cost estimations.

3.      Sage Estimating

It is a software that enables construction companies to speed up the process of cost estimation. It promises a high level of flexibility and lets you build bids faster, with high confidence. It makes it easy for you to incorporate takeoffs and cost databases.  The information from the bid and estimate is easy to integrate with a company’s business management software.

It reduces the redundancy in tasks because of this integration. Also, it helps forecast the raw material, labor, as well as crucial overhead costs. It thus provides support for a contractor to make bids with high accuracy and preciseness.

4.      B2W Estimate

For heavy construction estimations and bidding, B2W is a very effective estimation tool. You get the opportunity to create and fill in comprehensive databases. You can thus populate these databases with costs and all the details pertaining to their payment and statuses.

Those responsible for cost estimations can access items and resources without connecting with the remote server. Being able to access data and items is big accessibility, which makes this software preference for many companies.

5.      HCSS Heavy bid

This heavy bid tool allows its users to build estimates and adequately manage the bids. Most of the tasks in the construction industry, which are usually repetitive, do not remain so with this tool. It automates all such tasks, including data tracking, past estimates, historical costs, integrated root square means, and standardized libraries.

Looking forward to efficient cost estimations for construction?

When the cost estimations are not accurate and timely, construction project owners, as well as managers, have to face difficulties. Due to inaccurate estimates, delays can be caused. As a result of these delays, claims arise, which leads to conflicts and sometimes disrupts the construction process altogether. Thus, to be on the safe side, seek help from Construction claim consultants Dubai as soon as you begin with your project. You will be able to manage delay claims effectively if they arise despite using modern tools.

Once you have covered this arena, make sure that you make use of tools and technologies available for streamlining the construction workflow. Cost estimation software tools are one of those tech-driven facilities which can save your project from delay claims, conflicts, disruptions as well as cost escalation problems.