Archive for May, 2012

How Do Your Estimating Processes Compare to Industry Standards?

May 23rd, 2012  |  Published in Uncategorized

In a market where bids are tight and profits are low, a construction company’s survival may demand frequent and accurate bidding. Many contractors are using software to improve their estimating methods.

But what’s the standard? What’s working the best for which type of projects? Does size of business impact the fit of a system? Are spreadsheets a dying tool? What are the benefits of using construction estimating software?

These and other questions were considered by participants in a recent survey conducted by Software Advice. The results of that survey are available in a blog post by Houston Neal at http://blog.softwareadvice.com/articles/construction/2012-construction-estimating-benchmark-report-1050212/.

A few interesting facts revealed in the survey results …

  • About 85% said profitability is their top estimating priority, followed by accuracy and speed, but standardization was close behind with about 60% naming it a top priority.
  • In a related response, about 85%  agreed (25%) or strongly agreed (60%) that estimating software’s top benefit was process standardization.
  • One might conclude that more and more contractors will be adopting estimating software in the near future.

Check it out and share a comment here with your thoughts. How do you compare? Do the findings prove true for your company?

Look to Maxwell Systems for quality construction software.

 

 

Or maybe you’re at the stage of evaluating software for your
estimating practices. If so, be sure to download
this free informative eBook
: Choosing
Construction Estimating Software That’s Worth Your Investment
. You
can learn about the features to compare, which processes may change, how you
can cut costs and improve communication, and evaluate a solution that’s the
right fit for you.

 

 

Tags: , , , ,