Construction Software Guide: How to find the best construction software

Construction Software Guide for Accounting

As the fourth quarter approaches, this is the time of year that many contractors start evaluating their construction software and begin the search for an upgrade.   Trends show that not all contractors start off with an accounting or estimating software that is specifically designed for the construction industry.  They simply use a pen and paper or standard spreadsheet to conduct estimating, takeoff, accounting and project management which is not only time-consuming, but leads to inaccuracy.

In a survey conducted by Software Advice, a leader in construction software selection, they found the top reasons why contractors are evaluating new construction software.

  1. Improve estimating
  2. Improve bids
  3. Improve organization
  4. Business growth
  5. Current lacks features
  6. Improve project management
  7. Improve integration
  8. Improve takeoff
  9. Modernize

See the full report here. 

At Plumb, we are both a construction software re-seller, partnering with Sage Construction Software and the developer of Contractor V software.  Working with hundreds of contractors ranging from start ups to over $100 million in revenue, Plumb understands the budget constraints and needs are different for every construction software buyer.   There must be a clear return on investment (ROI) from the purchase of new construction software with key components delivered.

If you are looking for the best construction software to meet your specific industry needs and budget, here are some components to consider:

Accounting:

  • Do you need to track multiple companies, locations and/or divisions in one database?
  • Do you need to track subcontractor compliance items?
  • Do you need to track cost to budgets and/or commitments?
  • Do you want a document management solution that routes invoices for approval?

Estimating:

  • What level of detail do you need for your estimates?
  • Do you need an Excel spreadsheet or multi-tiered database?
  • Are you bidding at a GC, subcontractor or mixed level?
  • What type of work are you bidding?  (e.g. Private, Public, Government)
  • Do you need to keep track of historical data for future estimates?

Project Management:

  • Do you need to track costs related to bidding and preconstruction?
  • Do you need to track correspondence during the life of a bid and/or job?
  • Do you need to track compliance items?
  • What type of reporting is required by operations?
  • Does operations need access to this information in the field?

To see the “Best Practices of Construction Accounting Software” click here.  You will learn how the key components should integrate and how much your software and services should cost.

Whether you have just started your search, or have narrowed down your software, let Plumb be a resource to help with evaluating your decision.  From sales to implementation, training to consulting, Plumb’s team of Sage Certified Consultants work to improve your efficiency and reporting capabilities with Sage 300 Construction and Real Estate (Timberline), Sage 100 Contractor (Master Builder), Sage Estimating and Sage Construction Anywhere. Plumb is a SAGE Software Authorized Business Partner and Developer of Contractor V software located in Southern California.

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Take this Construction Software Needs Assessment to find the right construction accounting software for your business.

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