What is Construction Software?

A few articles ago, we introduced one of our project related to the Construction Software research. Today, we would like to share with our readers some discovered information and highlight the most important differences of all presented programs on the nowadays market.

Let us begin?

So, what is Construction Software?

Construction software is an umbrella term that refers to a class of applications that help firms manage everything from materials takeoff and estimating to job costing and project management.

In other words: construction software helps firms automate critical processes such as takeoff, estimating, project management and accounting and integrates various applications and stages of the project life cycle, from pre-sale through building and final billing. These tools can help firms modernize, grow their business and operate more efficiently.

According to Softwareadvice.com 2016 SMB buyer report, buyer segments most interested in purchasing construction software are

  • general contractors (30 percent)

  • and home builders (18 percent)

Trade specializations include electrical

  • (12 percent)

  • and concrete (5 percent)

Combined, 80 percent of construction software buyers are from small to midsize firms with $25 million or less in annual revenue.

But what software related to Construction Software?

Construction software is designed to help you manage the entire project life cycle, from blueprint to billing. Here are some related tools that focus more on one stage in the project life cycle:

  • Construction project management (PM) software: This software helps contractors manage the entire build process, from scheduling through to client billing. These tools provide firms with the the oversight and document control needed to monitor RFIs, change orders and purchase orders, so project budgets and timelines aren't disrupted.

  • Takeoff: Takeoff is a pre-sale process in which the estimator measures construction plans (blueprints and drawings) to determine the amount of materials and labor required for a job. Takeoff software is commonly sold as a standalone application or grouped together with estimating, or as part of a comprehensive, integrated suite.

  • Estimating: Estimating software is used to calculate the material costs and labor takeoff to produce bid proposals. It's sold either as a standalone system or grouped with takeoff or as part of a comprehensive, integrated suite.

  • Bid management: Bid management, in which a contractor solicits bids from subcontractors and suppliers before submitting a job quote, is a process that helps bridge the gap between pre-sale and project management. Bidding can be found as an application within many construction systems or can be purchased as a standalone software.

  • Accounting: Construction accounting software helps firms manage their job costing, core accounting, fixed asset accounting and payroll. It's common to find some job costing and budgeting in construction PM software; however, if the PM systems you're evaluating don't offer core accounting, you should look for integrations with general accounting systems, such as QuickBooks or Xero.

What are common Construction Software features?
In the table below, we profile the most common applications that you can expect to come across as you evaluate solutions:

In our next posts we will talk about future details of each group with bright examples. Stay with us and get know more with our next posts!

Article done with a help of softwareadvice.com

To be continued...

#Softwareadvice #ConstructionSoftware

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