Construction estimation software and tools are essential for creating precise budgets, controlling costs, and ensuring profit margins for construction projects. These tools streamline the estimation process by automating calculations and organizing data, which helps project managers compare estimated prices with actual expenses to prevent budget overruns. Here are some types of construction estimating software and tools used in the industry:
Spreadsheet-Based Estimating Software:
Microsoft Excel or Google Sheets offer flexibility and customization but may lack advanced features and integration with other tools.
Database-Driven Estimating Software:
These store data in a centralized database, which allows users to keep information and generate estimates efficiently. They also have advanced reporting and integration capabilities that are suitable for complex projects.
Parametric Estimating Software:
This software uses mathematical models and algorithms to create estimates based on predefined parameters and statistical analysis, making it suitable for repetitive projects.
3D/BIM Estimating Software:
This software utilizes digital models to determine project costs, integrating with Building Information Modelling (BIM) tools to identify potential issues and estimate costs efficiently through visualization.
Cost Estimating Software with Take-off Capabilities:
This software provides take-off functionality, allowing estimators to mark, measure, and calculate resource quantities within the system for precise cost calculations.
Industry-Specific Estimating Software:
These tools are tailored to specific sectors, providing features that support the unique requirements of those industries in addition to estimating.
Few of the estimation software used in the construction industry are mentioned below:
Aspen Capital Cost Estimator:
A cost estimating software that generates AACE Class IV through Class II estimates for capital projects in the oil and gas, refining, and chemicals industries
Archdesk:
This software helps to better plan, structure, and create estimates.
Active Takeoff:
An on-premise solution that assists in cost estimation for construction managers, design firms, finishing contractors, home builders, and real estate developers. It offers customizable templates and integrates with spreadsheet calculators.
PlanSwift:
It eliminates the need for paper in planning, making the process faster and more manageable. It supports cost, material, waste, and labor calculations and can link to and update Excel Workbooks in real time.
STACK:
A flexible, cloud-based pre-construction software with estimating capabilities. It allows for the creation of bill of materials, the preparation of proposals, and the prediction of labor needs.
Procore:
A cloud-based construction management software that supports estimating activities, project scheduling, task tracking, web-based document management, and digital photo preservation.
Contractor Foreman:
An all-in-one construction management software with robust estimating features, designed for small to mid-sized construction companies.
AutoCAD Construction Cloud:
Integrates estimation tools with AutoCAD’s design capabilities, allowing users to create detailed 3D models and generate precise estimates.
