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Submitting accurate bids is crucial to running a successful construction firm. If you bid too much, you won't get the job. If the estimate is too low, you might get the work but end up losing money.
Construction Estimation Software helps you create accurate bids quickly and easily. The software can be pricey. But, it pays for itself in the long run by helping you land more jobs and accurately predict project costs.
About Construction Estimation Software
Construction Estimation Software calculates the total cost of all labor and materials required to complete a job. It is designed to ensure that no information is omitted from the estimation process.
The software is usually sold with a database of current construction costs, which can be updated on a regular basis for a subscription fee. However, it is crucial that the database is customizable. Labor and materials costs differ based on factors like geographic location and the scope of the project, so you'll want the ability to import some of your own pricing data.
Construction Estimation Software is used by general contractors, insurance estimators and home remodelers. It can be used for residential construction, commercial jobs - or both.
Construction Estimation Software Average Costs
You can purchase basic Construction Estimation Software off the shelf for anywhere from $500 to $5,000. You won't spend money on extras like installation or training. But, the software will not be customized to meet the needs of your company. For small firms, however, this is usually sufficient.
Mid-sized and large construction firms should expect to pay in the tens of thousands for sophisticated estimating software with some level of customization. They'll also need to budget extra for installation, training and support.
Database updates usually come with a monthly fee, so be sure to factor that cost into your total purchase price. Because labor and material prices are constantly changing, this is an investment you'll want to make in order to ensure accurate bids. Just be sure to ask about the monthly price before you commit.
Choosing Construction Estimation Software
Here are some additional tips to consider when shopping for Construction Estimation Software:
- Request a demo or free trial to make sure the software is easy to use.
- When you're testing the software, create a sample bid to make sure the estimates appear detailed and complete.
- If you can afford it, opt for software that has the capability to create digital plans and incorporate digital photos. Those extra features make for impressive bids.