Why we use and maintain an estimating software.
The construction industry has always had a significant impact on the global economy, and it contributes significantly to the growth and development of the UK economy. However, it is an industry that is highly competitive and has the potential to be quite hazardous. As such, it is important to ensure that safety, efficiency, and accuracy are at the forefront of every construction project.
One major tool that has significantly improved the accuracy and efficiency of the construction industry is the use of estimating software. At Key Estimating we can only endorse the advantages of using estimating software in construction, driving success through consistency.
Efficiency and Accuracy:
One of the main advantages of using estimating software in construction is its ability to enhance efficiency and accuracy. With the use of software, we can reduce the amount of time taken to carry out a cost estimate. Consequently, this leaves you extra time to invest in the remaining key tasks, such as adjudication and assurance, thereby increasing the chances of completing the project/tender within the stipulated timescales.
In addition, the estimating software reduces the likelihood of errors that are characteristic of manual estimation methods. In the construction industry, even the smallest mistakes in cost estimation can lead to significant losses in cost and reputation. By minimising errors, the estimating software helps contractors to remain competitive and profitable.
Cost Savings.
Another significant advantage of using estimating software in construction is cost savings. The software can help identify ways to reduce costs without compromising on the tender quality. This is made possible by generating estimates that are based on real-time data and analytics, which help identify areas that may lead to unnecessary costs and maximise efficiencies in direct and in-direct costs.
Carbon Capture
At Key Estimating we use the software's ability to capture carbon in our budgets, estimates and cost plans. At the start of every project we identify detailed quantities and measure the carbon content of those elements. As with all our data, we maintain our libraries and work with our clients to drive awareness and the environmental impact of key materials and continuously try to improve and educate at the start of each project the need to build a greener sustainable solution.
Improved Project Management:
Most current estimating software's can also play a key role in improving project management in construction. It helps to keep track of project bids and the materials required, helping contractors to keep tabs on the budget and adjust it where necessary. This ensures better project management, ultimately resulting in a higher rate of project completion.
Real-Time Project Information Access:
Estimating software's offer the user access to accurate and real-time project information. With the aid of these programs, contractors can easily monitor the status of their projects, identify time and cost constraints, and make adjustments where necessary. This real-time access to accurate project data helps construction firms to make timely decisions that improve project completion times, certainty of cost, reduction of risk and early identification of opportunities.
Key to our success!
It's not just an estimating software, it has numerous advantages that make it an indispensable tool for us at Key Estimating. From improving efficiency and accuracy to cost savings and better project management, it offers a wealth of benefits that can change your organisation.
From, detail quantity take off, planning to forecasting tools it can provide more than just an estimating function. Our libraries and cost datasets are relevant and easily/quickly kept up to date with current industry data. Labour, plant and material information is updated through out the year to keep us authentic and relevant to today' ever changing market conditions.
As such, any construction organisation that seeks to remain competitive and relevant in today's market cannot afford to overlook the advantages of using estimating software.
By consistently using an estimating software it has been one of the key elements to our success.
If you would like any friendly advice on an estimating software, seek help on developing your libraries, or take advantage of out experience and data then please get in touch.
Email us at justask@keyestimating.co.uk or visit the website www.keyestimg.co.uk
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