Construction estimating software is a tool to assist construction professionals in creating estimates, schedules, and bids. It works by integrating various project-related data, such as material prices, labor costs, and project schedules, resulting in accurate and real-time estimates.
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Without the proper use of software, project estimates can be inaccurate. This can lead to delays in project completion, due to material or labour shortages, and unexpected cost overruns. These issues can slow down the overall progress of the project and potentially reduce the quality of work.
Moreover, the construction software market in the Philippines is projected to grow 5.23% from 2024 to 2028, reaching a market volume of US$17.34 million by 2028. This indicates the increasing adoption of construction management software in the Philippines.
With so many software options in the market, did you already use the right software to manage your construction project? This article will list the best construction estimating software in the Philippines in 2024, which can produce accurate cost estimates and optimise project schedules.
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What is Construction Estimating Software?
Construction estimating software refers to a type of computer software that empowers estimating teams to accurately and efficiently estimate project bid prices. This software solution can simplify tasks such as performing quantity takeoffs and determining project scope.
Construction management software plays a vital role in this process, providing many benefits that go beyond just cost calculation. Understanding the importance of this software can help construction companies increase their full potential, resulting in more successful and profitable projects.
Benefits of Construction Estimating Software
Here are the benefits of implementing construction management software benefits in your Philippines company:
- Accurate and reliable estimates: Ensures project bids are precise, reducing the likelihood of cost overruns and financial discrepancies.
- Error minimization: Automates complex calculations, minimizing the risk of human error in cost estimation, leading to more reliable data.
- Budget management: Helps in maintaining projects within budget by providing detailed financial insights and tracking expenses accurately.
- Efficient resource allocation: Facilitates better planning and allocation of materials, labor, and equipment, optimizing the use of resources.
- Real-time insights: Delivers up-to-date data and analytics for informed decision-making, enhancing overall project transparency.
- Enhanced project management: Integrates cost estimation with project schedules and resource planning, supporting comprehensive project management.
- Timely project completion: Ensures all necessary resources are accounted for, contributing to the timely execution and completion of projects.
- Sustainable growth: Helps companies maintain profitability and competitiveness in the construction industry by improving efficiency and reducing waste.
Top 15 Best Construction Estimating Software in the Philippines 2024
Managing costs and ensuring all construction project estimates are accurate is of utmost importance in the construction industry in the Philippines. Here are the top 15 options for construction estimating software recommendations that can help you keep your budget efficient and minimize the risk of cost overruns.
1. Best Construction Estimating Software HashMicro
HashMicro is a leading ERP software provider in Southeast Asia that offers a comprehensive equipment maintenance solution. This software allows you to schedule routine maintenance, monitor equipment conditions, and get real-time reports to avoid sudden breakdowns.
This vendor also provides a free trial system and consultation with a team of professionals, allowing you to discover how this most used construction estimating software can enhance your project’s efficiency and profitability.
This Construction Estimating Software is designed to meet the complex needs of the construction industry. As a premier company with standardized systems, HashMicro excels at providing comprehensive estimating solutions, such as accurately controlling project costs, schedules, and resources across multiple projects.
It is the top choice for Filipino companies looking for comprehensive, localized, and scalable construction estimating software.
Why we pick it: HashMicro is the best overall option that can optimise the efficiency of construction estimating, offering features like Budget S Curve Management, In-depth Job Estimates, and Variation Order Management. These capabilities ensure seamless operations and comprehensive tracking, making it perfect for diverse construction project requirements.
Below are some of the features that HashMicro Construction Estimating Software has to offer:
- Budget S Curve Management: This feature allows you to visualize and manage your finances over time using S-curves, enabling precise tracking of financial progress against planned budgets. It ensures timely identification and resolution of any deviations.
- In-depth Budgeting Type: Provides detailed financial planning for various cost types, including materials, assets, petty cash, overheads, and subcontractors. This feature allows for precise budget management and allocation.
- Budget Carry Over: Enables unspent budget amounts to be transferred to subsequent periods, ensuring efficient utilization of financial resources. This aids in effective long-term financial planning.
- Reserved / Purchased / Used Budget Actualization: Accurately tracks and actualizes budgets for reserved, purchased, and utilized resources, ensuring meticulous financial oversight and preventing mismanagement.
- In-depth Budgeting Method: Offers comprehensive financial planning categorized by product, type, contract, or product group. This allows for detailed control over your financial allocations and expenditures.
- Variation Order on Subcontractor Contract: Manages changes and variation orders in subcontractor agreements, ensuring all adjustments are accurately reflected in the project’s budget and timeline. This promotes transparency and control over subcontracted tasks.
- In-depth Job Estimates, Contract, and Cost Sheet Management: Provides tools for detailed job estimates, contract management, and cost sheet creation, along with progressive claims management. This ensures thorough financial oversight and documentation.
- Project Issue Management: Identifies, tracks, and resolves project issues promptly, minimizing their impact. This feature guarantees efficient handling of potential problems, ensuring smooth project execution.
This system ensures that all construction operations, from cost estimation and budgeting to project management, are seamlessly integrated. This integration facilitates better decision-making by providing a holistic view of your construction processes through analytics and data insights.
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Suitable for: HashMicro Construction Estimating Software Philippines offers a comprehensive ERP solution covering end-to-end project management for construction industries looking to enhance efficiency and profitability.
After knowing the advantages of HashMicro construction software, you can start considering the software price calculation by clicking the banner below!
2. Construction Cost Estimating Software Buildertrend
Buildertrend is a cloud-based construction management software that assists contractors and builders in managing their projects. Its equipment maintenance features allow users to streamline project management efficiently and in real-time.
Some of Buildertrend’s construction estimating software features include:
- Schedule
- To-Do’s
- Purchase Orders
- Change Orders
- Estimates tools
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3. Construction Estimator Software Procore
Procore is a construction management software that offers comprehensive solutions for project management, including equipment maintenance. This feature allows users to schedule routine maintenance, monitor equipment conditions, and manage tool inventory with ease.
Construction estimator software by Procore provides features such as:
- Project management
- Quality and safety
- Financial management
- Analytics and report
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4. Contractor Foreman
Contractor Foreman offers a complete solution for construction management, including features for equipment maintenance. This software allows users to schedule routine maintenance, monitor equipment health, and manage inventory efficiently.
This software has features that can support the efficiency of construction estimating management in your company:
- Bid Management
- Purchase Orders
- Sub-Contracts
- Real-time Costs Database
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5. RedTeam Construction Estimator Software
RedTeam is a construction management software that provides tools to manage projects from start to finish. Its equipment maintenance features help contractors track maintenance schedules, monitor equipment conditions, and manage maintenance history.
RedTeam’s construction estimating software includes features like:
- Real-time field data
- Automated workflows
- Proposal packages
- Financial management
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6. UDA ConstructionOnline
UDA ConstructionOnline is a construction project management platform that offers various features, including equipment maintenance. This software allows users to log maintenance schedules, manage tool inventory, and receive automatic reminders for routine maintenance.
Some features of UDA ConstructionOnline include:
- Financials
- Scheduling and calendar management
- Project tracking
- Team management
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7. ClickUp’s Construction Project Management
ClickUp offers flexible and customizable project management solutions for the construction industry. Its equipment maintenance features enable users to schedule and track equipment maintenance and monitor equipment conditions in real-time.
ClickUp has comprehensive features such as the following:
- Project Management Tools
- Time Management
- Real-Time Reporting and Dashboards
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8. Construction Cost Estimating Software Stack
Stack is an estimating and takeoff software that helps contractors accurately measure project needs. Additionally, Stack offers equipment maintenance features, including maintenance scheduling and usage history tracking.
Some features offered by Stack include:
- Items & Assemblies
- Customized Estimates
- Filter & Reports
- Subtotals & Grouping
- Alternative Bids
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9. Cloud Based Construction Estimating Software Clear Estimates
Clear Estimates is an estimating software designed to help small and medium contractors estimate project costs. This software also allows users to manage equipment maintenance by logging maintenance schedules and monitoring equipment usage.
Below are the features of construction cost estimating software by Clear Estimates:
- Simplified cost estimating.
- Management of equipment maintenance schedules.
- Integration with various accounting software.
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10. PlanSwift by ConstructConnect
PlanSwift is a takeoff and estimating software that enables users to measure and estimate material needs easily. It also features tools for managing equipment maintenance by keeping track of maintenance records and monitoring equipment usage.
Here are several features of PlanSwift by ConstructConnect:
- Project Management
- Reporting/Analytics
- Subcontractor Management
- Change Order Management
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11. Buildsoft Cloud-Based Construction Estimating Software
Buildsoft offers estimating and takeoff software that helps contractors plan and manage their projects. Additionally, Buildsoft provides equipment maintenance features, including maintenance scheduling and equipment history tracking.
This cloud base construction estimating software has the following features:
- Natural Estimating
- 3D Takeoff
- Job Analysis
- Reporting
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12. HeavyBid Construction Cost Estimating Software
HeavyBid is an estimating software designed for large and heavy construction projects. It also includes equipment maintenance features that assist contractors in scheduling routine maintenance and monitoring equipment conditions.
HeavyBid’s construction estimating software includes features like:
- Multiple Estimators
- Data Import/Export
- Custom Proposals
- Project Tracking
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13. Estimator360
Estimator360 is an estimating software that offers accurate project cost estimation solutions. Additionally, it provides equipment maintenance features, including maintenance scheduling and equipment usage tracking.
Estimator360’s construction estimating software features include:
- Digital Takeoff
- Estimate Generation
- Crew Management
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14. Sage Estimating
Sage Estimating helps contractors estimate project costs accurately and efficiently. It also includes equipment maintenance features that allow users to schedule routine maintenance and monitor equipment conditions.
Sage provides various features such as:
- Estimates
- Organization
- Bid management
- Lead management
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15. ProEst Construction Cost Estimating Software
ProEst is a cloud-based estimating software designed to help contractors estimate project costs. Its equipment maintenance features enable users to manage maintenance schedules and track equipment usage history.
ProEst construction software features include:
- Construction Proposals
- Construction Takeoffs
- Construction Reporting
- Conceptual estimating
- Bid management
- Document management
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By using one of the software recommendations above, you can ensure that your construction equipment is always in the best condition so that the project can run smoothly without a hitch. Choose the software that best suits your needs and project size to get optimal results.
Key Factors in Choosing the Best Construction Estimating Software
Choosing the right construction estimation software is crucial to ensuring the success of your construction project. Understanding the key factors to consider will help you make the right decision that aligns with your company’s goals and needs.
To choose the best construction estimating software, consider the following points to ensure you make the right choice:
- Define your company’s goals and needs: Clearly define your company’s goals and needs before selecting the software. This will help you find the solution that best fits your project’s requirements and business scale.
- Accuracy and reliability: Ensure the software you choose has accurate and reliable estimating capabilities. Accuracy and reliability are crucial to avoid errors in project planning and budgeting.
- User-friendly interface: Choose software with an easy-to-use interface so your team can operate it without difficulty. An intuitive interface will boost productivity and work efficiency.
- Integration capabilities: Make sure the software can integrate with other systems already used in your company. Good integration will allow for smooth data flow and improve operational efficiency.
- Scalability: Select software that can grow with your business. Scalable software allows for adjustments to meet the demands of larger and more complex projects in the future.
- Support and training: Ensure the software provider offers adequate support and training for users. Good support and training will ensure your team can use the software effectively and get the most out of it.
Conclusion
Choosing the right construction estimation software is crucial for project management in the Philippines, especially with the growing market competition. The right software not only helps improve the accuracy of cost and time estimates but also ensures the project goes according to plan without any major obstacles.
With a variety of options available, it is important to consider your company’s specific needs and how each solution can fulfill those needs. One of the most used construction estimating software that companies in the Philippines should consider is HashMicro.
As one of the best software providers in Southeast Asia, HashMicro’s Construction Estimating Software offers a comprehensive and customisable solution to suit the needs of construction companies. With advanced features and reliable after-sales support, HashMicro can help your company improve operational efficiency and competitiveness in the market.
Try a free system demo with HashMicro’s professional team, and know that our software is truly capable of supporting your Philippine company’s business needs!
FAQ about Construction Estimating Software
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What is estimating in construction?
Estimating in construction is the process of predicting the costs associated with a construction project. This involves calculating the expenses for materials, labor, equipment, and other resources required to complete the project.
The goal is to provide a detailed and accurate financial forecast that helps in planning and budgeting, ensuring that the project can be completed within the allocated budget. Estimating is crucial for preparing bids, securing funding, and setting realistic financial expectations for stakeholders.
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What is the purpose of construction estimation?
The purpose of construction estimation is to provide a clear and precise understanding of the financial requirements needed to complete a construction project. Accurate estimation helps in budgeting, resource allocation, and project planning.
It ensures that all costs are accounted for, reducing the risk of unexpected expenses and financial shortfalls. Construction estimation is essential for preparing competitive bids, securing contracts, and ensuring that projects are financially viable and sustainable.
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How does construction estimating software work?
Construction estimating software automates the process of calculating the costs associated with a construction project. It integrates various data inputs such as material costs, labor rates, equipment usage, and project timelines. Using advanced algorithms, the software generates detailed and accurate cost estimates, providing a comprehensive breakdown of expenses.
It allows users to create and adjust estimates in real-time, compare different scenarios, and ensure that all financial aspects of the project are considered. This helps in improving accuracy, efficiency, and transparency in the cost estimation process, ultimately leading to better project management and financial control.
