However, with the right estimation tools to make accurate calculations for a construction project, you can streamline the operation and simplify common construction accounting problems. Any construction project will have multiple variables that create unpredictability. Though there are several manual methods for construction estimation, it isn’t a perfect art. By predicting what you’ll need and when you need it, you can use estimating tools to optimize an entire construction worksite.Ī construction estimator’s primary responsibility is planning an entire construction project, including the time it will take and how much it will cost. What are estimating tools?Ĭonstruction estimating tools generate accurate estimates for the cost of construction labor and materials while helping to manage the project’s finances. Avoid these lose-lose situations – and drive profit for your firm – by using the right construction estimating tool with the most up-to-date pricing information. But if you underprice, you’ll lose money on the project and create problems with your partners and clients. If you overprice a bid, you’ll likely lose the project. Accurate estimates are key to a construction firm’s success.
