What Is Construction Cost Control?
Construction cost control refers to managing your construction costs with the goal of increasing profit. So, cost control starts with estimating (getting the estimates accurate and profitable) and ends with paying subcontractors.
Subcontractor management is a big part of it as main contractors would need to collect bids, monthly progress reports and cost documents based on cost codes.
Another way to think about it is that it covers all the processes where construction cost codes are involved (except accounting).
Cost control can be done through whichever means (paper & pencil, Excel, specialized software etc.) but there are some obvious benefits of using specialized cost control software.
Know whether a project makes a profit or not before it finishes
Save 3-5 days per month per project manager
Standardise the processes and ensure compliance
Detect estimating and design errors
Get rid of manual calculations and copy-paste
Don’t let things fall through the cracks
Construction Cost Control Software Buyer’s Guide
About the guide
This free guide will give you an overview of what kind of benefits does construction cost control software provide. And perhaps as importantly – how does it provide them.
It is written with main contractors in mind who need to manage large-scale construction projects.
Even if you’re not looking for cost control at the moment, it will give you a better idea how to make your processes more efficient.
In addition it contains a detailed overview of all the possible features and what the goal of that functionality is.
Table of contents
- What Is Cost Control Software And Why Use It?
- How To Assess Your Company’s Maturity
- On-Premise vs Cloud Software
- Communication & Integrations
- Bids Management
- Budget Management
- Contract & Change Order Management
- Subcontractor Progress Reporting
- Cost Documents Management
- Cost Forecasting
- Cash Flow Tracking
- Subcontractor & Contact Management
- User Management
Still using Excel for budget management?
There’s a better way.
Spreadsheets are not the best way for managing job costs
- It’s too easy to make mistakes;
- You can’t see behind the numbers;
- It’s hard to standardize and ensure compliance;
- There’s no real-time overview of profitability forecasts;
- It means duplicate work for PMs and accountants.
Planyard saves time and nerves
Follow your budget in real time and take immediate action when errors occur. Job costs are organized, and fully searchable and accessible for forecasting, project management and more.