Top 5 Estimating Software for Construction Companies

Ezra Cabrera

Updated: August 28, 2019
blond-cellphone-coffee-1076814

What happens if you don’t accurately estimate the cost of a construction project? If you estimate too low, you’ll end up losing your profits. Estimating too high, on the other hand, you’ll win fewer projects. Accurately estimating the cost of a project is crucial to the success of your construction business. However, estimating by hand can be tedious. Estimating software can help contractors estimate the cost of projects accurately. Although estimating software can be a huge investment, construction business loans can cover the costs of a software subscription.

Related: 9 Tips in Managing Cash Flow for Construction Projects

Mistakes are often unavoidable in manual estimations. If you’re still estimating your projects manually or in spreadsheets, this might be the best time to upgrade and get softwares. This could lead to inaccurate numbers which could plant doubt in your customer’s mind. With inaccurate estimation, you could also be misleading your clients.

With the number of estimating software available today, it’s easy to find one that fits your construction company. Here are out top estimating software picks to avoid making mistakes in construction estimations:

1. ProContractor

The makers of ProContractor created the software to help boost profitability and visibility. They created ProContractor mainly for small-to-midsize companies looking for cloud solutions for estimating, accounting, and project management. The software grows with your business. With that, you wouldn’t have to transfer to another software and start from scratch as your company grows. The accounting feature can store all the information required to generate payroll checks, tax reports, and insurance. It can also store other types of reports, general ledger, and accounts payable.

Other useful features from ProContractor include equipment tracking, support for numerous companies, as well as unit billing. You can integrate all the details with ProContractor estimating, which allows you to turn bids into construction projects. If you’re looking for a comprehensive solution that can help your company effectively manage bidding and document control, ProContractor is definitely a great option.

2. B2W Estimate

B2W Estimate, previously known as BID2Win, is essentially a bid and estimation management software rolled into one. It’s mainly for heavy construction contractors like paving, utility, earthwork, highway, and the like. This software helps contractors keep track of time, material and billing, labor costs, communications with vendors and suppliers. It also helps in documenting the entire workflow. Other than that, you can integrate B2W Estimate with other accounting software and resource management apps for heavy contractors.

3. Sage Estimating

Sage Estimating can be used by all types of construction companies, regardless of the size. The creators of Sage Estimating, Sage, is the country’s leading accounting software company for businesses. They also created the Sage Construction Accounting Software product line.

Sage Estimating is a stand-alone product of Sage’s but users can integrate it with other Sage construction accounting software. Sage Estimating is used by a lot of company and offers flexibility. However, it’s best used for businesses with annual revenue of $1 million.

4. CoConstruct

The CoConstruct estimation software offers three types of plans for its users: Core, Standard, and Plus. What makes this a great tool is that it offers a 30-day money-back guarantee for its users. They also conduct training for companies so the employee in-charge can get and understand the concept and process of how it works.

Once you’ve subscribed to CoConstruct, they’ll set you up immediately. They’ll conduct phone and email supports and data imports making it easier for subscribers to get situated to the software. Aside from that, they will also provide learning resources like how-to videos and free demos.

5. ProEst

ProEst is considered the best estimating software in the construction industry. Founded in 1976, it has offered more than 8,000 construction companies with an accurate price and service estimations. Through those experiences, they were able to find out how they can better improve the software. Both contractors and subcontractors can benefit from the software since it’s specifically designed for them.

What makes ProEst a top choice among construction companies is its user-friendliness. It is built with a highly intuitive interface which makes user-experience smoother. It also has its cloud where data can be stored. In this way, the information put on the cloud could be accessible anywhere and in every device.

Construction Business Loans for Your Construction Financing Needs

Cost estimating software doesn’t come cheap. But, if you want to provide an accurate estimation to your clients, it’s worth investing in one. Thankfully, construction business loans provide contractors the extra funds needed to purchase the best estimating software on the market. With the right software, you can streamline the process of providing an exact report on the costs of a project. Moreover, estimating software helps you save time, money, and effort making your business more efficient.

Related: Top 4 Loan Programs for Your Construction Business

 

Ezra Cabrera
Ezra Neiel Cabrera has a bachelor’s degree in Business Administration with a major in Entrepreneurial Marketing. Over the last 3 years, she has been writing business-centric articles to help small business owners grow and expand. Ezra mainly writes for SMB Compass, but you can find some of her work in All Business, Small Biz Daily, LaunchHouse, Marketing2Business, and Clutch, among others. When she’s not writing, you’ll find her in bed eating cookies and binge-watching Netflix.

Related Articles

What is the Gig Economy?

What is the Gig Economy?

Key Takeaways Gig Economy Defined The Advantages and Disadvantages of Being a Gig Worker What are the Most Common Gig...