A strategic business plan can help organize your business outlook, projections, and determine what steps are needed to meet your business’ key performance indicators. It will outline your budget, your expected expenses, goals, and vision statement. But how do you stay under budget? How do you know what your current expenses are for each construction job? Construction job costing software helps you to keep track of your expenses, stay under budget, and evaluate the results. Furthermore, here are five reasons why you should invest in construction costing software.
1. Better Planning
Large and small construction projects are extremely difficult to plan. Construction projects may take months or years to complete. Construction costing software will help give you a better overall picture of your expected expenditure. You can plan for your future spending so you can avoid extremely costly mistakes. A simple mistake can lead to thousands of dollars lost in the construction industry. It will also help you provide a better estimate to customers knowing what costs are to be expected.
2. Accurate Budgeting
Construction estimating software is an amazing resource to help you budget for any construction project. The software can help you keep track of how much money you have spent on areas such as labour, materials, and overhead of individual tasks. You can factor in subcontracted work. Although the project is underway, it will help you stay within your budget. You can use the parameters to ensure you and your construction managers are staying within the budget. The software makes budgeting easy so you can focus on the daily operations of the project.
3. Increase Customer Satisfaction
Communication is key to any successful relationship whether it be personal or professional. Construction job costing software such as Jonas Premier allows you and your project construction managers to provide your customers with accurate updates. It will track milestones, savings, progress, deadlines, expenses, and other vital updates. You can use this information to accurately communicate with your customers about the project. Customers adore honest and open communication. When customers feel you are honest, they are more likely to write great reviews, refer friends and/or family, and become repeat and loyal customers.
4. Meet Deadlines
Deadlines are extremely important in the construction industry. If you are overseeing a multilevel construction project, such as building a house, deadlines must be met in a timely manner to proceed with the next step.
For example, when you are building a house, the foundation must be dug, poured, and dried before the frame and other parts of the house can be built. You also cannot finish the interior without first finishing the exterior frame. You may have scheduled a professional plumber to install the water heater and plumbing at the end of the month, but they cannot do so if the previous five deadlines are not met by the builders. Construction costing software can help you meet your deadlines with better planning and organization.
5. Work Smarter
The old saying goes “work smarter, not harder.” It takes you and/or your project managers a significant amount of time to complete estimates, paperwork, and calculations. You may have to schedule deliveries, obtain building permits, and schedule inspections.
Construction software can provide you with estimates, perform calculations, and automatically fill different forms. Your project will be completed faster and the software will alert you to any cost overruns before they happen. When a project runs smoothly and efficiently, it saves you time and money. You will not have to waste time rescheduling inspections, as your estimated time of completion for each level of the multilevel project will be more accurate.
