December 26th, 2012 | Published in business
Many contractors often struggle with shuffling papers back and forth, which impacts time and accuracy, and means they lacked the data needed to understand how to produce bids for optimal profit. But the most profit-conscious construction business owners are implementing estimating software for contractors to streamline processes, track bids from cradle to grave, cut estimating time, and ultimately have a good source of data to improve decision making for best profit.
After implementing estimating software for contractors, one estimator explained:
“Using the solution, we can gather data, such as what types of jobs give us the biggest profit margin and what are filler projects for our crews, and determine whether we have the cash flow we need. It’s is a real time-saver and helps us run our business more strategically.”
Most valued estimating software solutions offer comprehensive databases of historical pricing on cost items for materials, equipment, and labor, which are stored in a single, central location. And seamless takeoff and estimating software allows a process that eliminates the time and errors associated with re-entering information, often needed if using manual methods or disparate systems.
In addition, such a solution allows contractors to look more carefully at the scope of work required. That helps estimators to save time and develop more competitive bids.
Leading estimating software for contractors also lets users to go back and look at the difference between current prices and prices used for past bids. With that insight, estimators can quickly clone similar bids, make easy adjustments, and be more competitive on their future bids.
Download this free case study to see how construction software saves significant time across processes and runs business more strategically, thanks to estimating software for contractors.