BEST TOP 6 CONSTRUCTION MANAGEMENT SOFTWARE FOR 2023

Features of Construction Management Software

A company should focus on particular functionalities while looking for construction management software in order to increase efficiency and effectiveness. Software for the construction industry should be adapted to your unique requirements while also taking the long term into account.

Your project team will want to choose equipment to meet current needs depending on whether your team is made up of home builders, remodelers, real estate experts, or a large commercial contracting organization. For instance, you might desire mobile applications for fieldwork productivity, including time cards that enable on-site closeout for your personnel. As your firm grows and the scope of your construction process develops, software and apps can scale with it.

Accounting for construction keeps track of revenue and costs. includes modules for a general ledger, accounts payable, and accounts receivable with billing.

Project costs

improves cost control and job profitability analysis by making it easier to assign costs to specific cost categories. Typically, these cost categories include personnel, machinery, supplies, and subcontractors.

Management of Construction Projects

Coordinates the completion of project tasks, such as collaborative document sharing amongst team members, clients, and specialty contractors, as well as planning, plan markup, project scheduling, resource allocation, quality management, and time tracking.

Using adaptable quotation templates, bid management streamlines all phases of the construction procurement and bid process, including project planning. Manages RFIs, submittals, and any necessary change orders between members of your team.

Building Cost Estimating

offers standardized procedures for creating cost models for carrying out job-based work. includes features like takeoff, which enables the extraction of dimensions data from plans and the creation of a list of necessary components. synchronizes effortlessly with purchase orders needed to execute a job.

Construction Time Management

aids in project scheduling by controlling the allocation of resources and labor. Gantt charts and Kanban boards By automating calculations based on the limitations of manpower and equipment, it will make it possible to estimate the completion date more precisely.

Equipment tracking keeps track of various pieces of equipment, including what is currently being utilized on a work, what condition it is in, and whether maintenance is required or anticipated.

Two-thirds of purchasers of construction software, according to our most recent Construction Technology Trends survey, want project management solutions for job costing, project tracking, and project estimating.

Desired features for construction software

Nearly half of respondents said they wished to streamline their takeoff and estimating processes in addition to the essential components of construction management.

Benefits of the Best Construction Management Software

The workflows of their businesses can be enhanced in a number of ways by users of construction management software. The following are some of the main advantages of using building software:

Everything at One Place

Instead of having multiple disconnected silos that may or may not effectively communicate with one another, a fully integrated management system enables you to handle all construction management tools within a single piece of software.

There are several field service management organizations that provide services that are quite similar to what construction companies do. For a new home project, for instance, it could be necessary to employ an electrical contractor, a plumber, and a woodworker. Applications for construction management can coordinate with all parties involved in the project to make sure the timeline doesn’t slip.

Eliminate Manual, Time-consuming Processes

It may be a familiar or cozy way of running a business to manually monitor tasks in a spreadsheet or make expense estimates with paper and pencil, but these methods are not the most effective.

Become in charge of job costs

With features like job costing, project tracking, project estimating, material take-off, time and materials billing, bid management, and purchasing, cost management solutions help keep costs and projects under check.

Gain More Organization

Software for construction management provides a comprehensive, integrated perspective of the business in one location. This can aid in the more efficient use of time by construction experts, the control of costs through work costing, and the prompt collection of payments through streamlined billing.

Improve Document Management

Teams may work together right away by producing, exchanging, and archiving papers, which improves the process’ quality and boosts employee happiness. To demonstrate progress in real time, these items can be combined into daily logs. Contractors can improve their management of daily tasks, time, and hazards thanks to this data.

Work Outside the Office

Real-time collaboration is made possible by construction software, allowing users to view and submit project contacts, plans, drawings, and images from anywhere at any time. Punch lists made in the field can also help project teams collaborate better. Punch lists will enable project teams to complete walkthroughs and inspections quickly.

Costs of Construction Management Software

A cloud-based software with a subscription-based pricing model has a starting price of $10 per month to $500 per month for construction management software. The entire cost often depends on the quantity of users and the complexity of the applications required. Although there are some possibilities for free construction management software, there are frequently expenses involved for more users or certain capabilities.

43% of construction companies spend between one and two percent of their revenue on software, according to our report on buying trends in the industry. Software purchases for the construction industry should be viewed as investments. This is especially important given how much more expensive it is to do business in the construction sector.

Percentage of revenue spent on software by the construction industry

According to 45% of the enterprises polled, software costs account for between 1% and 3% of their annual income.

According to Construction Dive’s analysis of 2017 construction industry trends, firms will likely struggle to retain their margins due to increased material and labor expenses. A company can reduce such costs and ensure that profit margins are not compromised by using construction management software.

What Do You Need for Your Business?

The majority of software for the construction industry, whether it be project management, accounting, or scheduling, will be developed with a certain type of business in mind. You might prioritize some elements of a project management solution above others depending on your size:

Small businesses and new customers

The most crucial component to make managing your basic accounting considerably simpler would be job costing. For creating broad estimations on prospective projects, the majority of simple construction accounting software should provide some type of cost management feature.

Many platforms for managing small businesses may not be industry-specific, but they will nevertheless let you classify expenditures and start comparing which services are more profitable than others. Many online construction choices are available for a cheap monthly cost if you’re looking for a solution designed with contractors in mind.

Mid-Level Businesses

Growing and established businesses looking to update will probably want features that go beyond simple accounting software, like estimating tools and some form of bid management. The ideal source for these kinds of features will be a construction management system tailored to the sector or a vendor with experience implementing software in construction-related settings.

Large-scale construction firms

Construction ERP solutions can offer enterprise-level construction management to businesses that require a comprehensive set of features. These will be well-liked software programs with a lengthy history of helping construction firms. In order to better meet a company’s estimating and bid management needs and to ensure that the solution functions throughout the project lifecycle as an all-in-one system, advanced ERP software may undergo some level of custom development.

39% of construction organizations cited ease of use as the most crucial factor when purchasing construction software in our recent survey on technology trends. Other important factors include:

The most crucial factors for buyers of construction management software

The top factors purchasers seek for in new construction management software are affordability, capability, and ease of use.

Companies in the construction industry should be clear about who will use the software and, consequently, who will need to be trained on how to use it. Before purchasing the program, a company should ask the seller if training and customer support are offered.

The most popular QuickBooks alternatives for construction companies

Sage 100 Contractor is the most well-reviewed alternative when QuickBooks purchasers research other solutions.

Construction management software market trends

The following are some of the main trends in building software:

The Construction Software Market’s Growing Value

The construction management software industry is predicted to grow at a CAGR of about 7%, according to Technavio’s most recent market research report. The extensive assessment conducted by Technavio, with an emphasis on identifying key market influencers, revealed that the sector was expected to increase by USD 640.51 million between 2022 and 2026.

The following details were discovered by BLOG-FOR-ALL in a recent technology survey:

85% of businesses still use manual processes to do simple administrative tasks.

The top two capabilities desired by construction organizations are job costing and project tracking (75% each), with project estimation coming in third (68%). Although a construction company’s software requirements shouldn’t be determined by this list of functionalities, it does provide some direction.

Construction management software is reportedly used by 58% of enterprises in the industry. The remaining group (42%) doesn’t use building software, which may be a time and money waster..

Software for construction management is not used by 58% of enterprises.

Technology Adoption Is Slow

The World Economic Forum and the Boston Consulting Group stated in a research released in February 2017 that the construction industry has been reluctant to accept new technology and has undergone “no fundamental shift” during the previous 50 years.

In keeping with that, according to a 2016 poll conducted by professional services company KPMG, only 9% of construction and engineering professionals identified themselves as “cutting-edge visionaries.” Only 21% of respondents reported that their organizations had access to fully integrated task management solutions across the entire organization, while 42% reported that their companies had several software platforms in place that are manually monitored..