As we all know efficiency and accuracy in the pre-contract phase are crucial for project success. Beating competitors to the mark with detailed and well-budgeted tenders increases your chances exponentially of winning contracts.
To do this, construction estimating software has emerged as a game-changer, empowering contractors and estimators to streamline the estimation process, minimise errors, and enhance project profitability.
In this article, we will explore the top 5 key features of construction estimating software that you should look for when you go to market.
Material Database and Cost Libraries
One of the most critical aspects of construction estimating software is its comprehensive material database and cost libraries.
The software should contain an extensive repository of construction materials, equipment, and labour costs. Having access to up-to-date and accurate cost data ensures that estimators can swiftly create accurate and reliable estimates.
As an example, Eque2 has partnered with Laxton’s to utilise their nationally renowned SMM and NRM pricing libraries.
Integration with Digital Takeoff Tools
Digital takeoff tools enable estimators to measure and quantify project elements directly from digital blueprints and drawings.
Construction estimating software that seamlessly integrates with such tools or has them built in ensures a smooth transition from measurement to estimation, eliminating the need for manual data entry and reducing errors.
EValuate offers integrated on-screen takeoff from all files type, enhanced CAD drawing as well as live links between the DIM sheet and takeoff allowing for automated updates to the BOQ.
Customisable Templates and Cost Breakdowns
Every construction project is unique, and estimators need the flexibility to create customisable templates and cost breakdowns.
Top-tier construction estimating software empowers users to build templates for different project types and modify cost breakdowns based on specific requirements.
EValuate’s user-friendly interface allows for easy customisation, ensuring estimates align perfectly with the intricacies of each project.
Real-Time Collaboration and Cloud Access
Collaboration among construction teams is vital for successful project estimation.
Construction estimating software that enables real-time collaboration and provides cloud access allows multiple team members to work simultaneously on a single estimate, regardless of their location.
EValuate boasts advanced cloud-based features, enabling seamless teamwork and enhancing communication throughout the estimation process.
Reporting and Analytics
Construction estimating software should not only produce accurate estimates but also offer detailed reports and analytics.
Comprehensive reports help project managers make informed decisions, track project progress, and analyse historical data for continuous improvement.
EValuate’s robust reporting and analytics functionalities enable users to gain valuable insights into project estimations, empowering them to optimise future bids and resource allocation.
Discover the market-leading estimating software in the UK: EValuate
EValuate is Eque2’s flagship construction estimating software, embodying all the aforementioned key features and more to revolutionise the estimation process for construction companies of all sises.
With a user-friendly interface and intuitive design, EValuate streamlines the entire estimation journey, saving time and effort while boosting accuracy and efficiency.
Beyond the top 5 key features, EValuate offers several additional benefits that set it apart:
- Scalability: EValuate caters to projects of all scales, from small renovations to large-scale developments, ensuring that the software grows with the business.
- Historical Data Analysis: Leveraging historical data, EValuate enables users to learn from past projects and refine future estimates, fostering continuous improvement.
- Cost Management: The software provides tools to monitor and manage project costs throughout the construction lifecycle, helping teams stay on budget and maximise profitability.
- Integration with Accounting Systems: EValuate integrates seamlessly with accounting software, simplifying the transition from estimating to financial management.
With the market in it’s current state, it’s important that bidders are as punctual and accurate as possible when submitting tenders. Therefore, using construction estimating software such as EValuate can help you to win projects and increase your profit margins by:
- Minimising Risk: Accurate estimates reduce the risk of overruns and underbidding, ensuring projects remain financially viable.
- Improving Productivity: Streamlined workflows and automation features boost productivity, allowing estimators to focus on value-added tasks.
- Enhancing Profitability: Precise estimates lead to more competitive bids, increasing the likelihood of winning projects and enhancing profitability.
- Strengthening Collaboration: Real-time collaboration features enhance teamwork and foster better communication among project stakeholders.
Want to see EValuate in action? Watch a free, tailored demo which you can view at your convenience by clicking here.
Want to speak to the team to learn more? Please call 01628 702 702 or email email@example.com