In the dynamic world of Australian construction and project management, precision and efficiency are vital. Whether you're a seasoned contractor or a project manager, you're no stranger to the significance of accurate cost estimates. In this article, we'll take a closer look at the world of estimating software, exploring its tailored benefits, essential features, and how it can help you.
The construction industry’s shift to estimating software
Traditionally, estimators in Australia have relied on spreadsheets to handle calculations and create project estimates. While this method served its purpose, it had its limitations. Spreadsheets were prone to errors, time-consuming to update, and lacked essential collaboration features. Estimating software has emerged as a powerful solution to address these challenges.
Benefits of investing in an estimating software
- Enhanced Accuracy: Estimating software helps you more easily account for project complexities, resulting in more precise cost estimates. This accuracy reduces the risk of cost overruns and helps you provide competitive quotes to clients.
- Time Efficiency: Estimating software streamlines the estimation process by automating calculations and tracking pricing changes. This saves significant time compared to manual calculations, allowing you to generate quotes and project proposals quickly and efficiently.
- Cost Savings: By minimising errors in estimating and reducing the need for rework, estimating software helps control project costs. It also enables you to optimise resource allocation and make informed decisions, ultimately leading to improved profitability and business growth.
Important features to look for:
When choosing estimating software for your construction projects, it's vital to invest in a solution tailored to the industry's nuances. Here are some key features to focus on:
- Cloud based platform: A cloud-based platform can offer you more flexibility, allowing you to work anytime, anywhere. This remote accessibility is important for project management and ensures data is readily available at your fingertips. Investing in a cloud-based platform also allows you to grow your business at scale, without the need to invest in hardware infrastructure.
- Risk of outdated construction material prices: Look for software that simplifies and updates cost pricing daily to ensure accurate estimates and avoid cost leakage and minimise unforeseen costs, giving you more control over your profit margins. See why Cordell Estimator Platinum is the trusted source for builders and construction firms for almost 50 years now.
- Accurate Cost Estimation: Ensure the software provides robust cost calculation capabilities, allowing you to factor in various project elements, fluctuations in pricing, and potential variables to generate precise estimates.
- Customisation Options: Look for software that allows you to tailor estimates to your specific industry, project types, and company preferences. Customisable templates and libraries can save time and ensure consistency in your estimates.
- Local support: Opt for a software provider with a local presence or support team to address any issues or questions you may have.
Estimating software has quickly become an indispensable tool for professionals in the Australian construction and project management sectors. By adopting a cloud-based estimating software, you'll not only save time and reduce errors but also gain a competitive edge amongst your competitors.
Why choose Cordell Estimator Platinum:
Cordell Estimator Platinum is a cloud-based estimating software that can help you take control of your project costs and profit margin with up-to-date costing data for labour, material, plant, subcontract with rates and more.
Key features:
- Pricing verified by a team of researchers
- Daily pricing updates
- Built-in cost analysis
- Recipe detail to show which items are behind unit rates, elements and models
- Cloud-based estimating software
Find out more about Cordell Estimator Platinum here.
CoreLogic Australia