Buyer's Guide for Top Construction Management Software

Found our list of Construction Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

Buyers Guide Content

  1. What is Construction Management Software?
  2. Need for Construction Planning & Project Management Software
  3. Key Features of Construction Management Software
  4. Benefits of Construction Management Software
  5. When Is the Right Time to Invest in Construction Management Software?
  6. How to Choose the Best Construction Management Software?
  7. Latest Trends around Construction Management Software

What is Construction Management Software?

Construction management software helps contractors and property builders manage ongoing construction projects. It essentially acts as a project management solution that helps schedule and track workers’ day-to-day activities, inventory management, client billing as well as construction punch lists among other things.

The construction management program is generally used by large companies with subcontractors as well as individual contractors for budget management, work schedule, and more. It automates different construction project tasks that ultimately help save time and money.

Need for Construction Planning & Project Management Software

  • Construction management software is used for project planning and scheduling, designing, contracting, estimating, and automating other activities involved in the construction industry.
  • Construction planning and project management software is quite beneficial to handle tasks efficiently such as generating reports, storing documents, client billing and communicating with clients. Thus, it can be a valuable way for businesses to make better decisions and stay profitable in the long run.

Key Features of Construction Management Software

Construction management tools have played a major role in improving productivity and efficiency. As far as essential features are concerned, make sure the following are included in your construction project management software.

  • Project management: The best construction project management software automates tasks like planning resources, tracking project progress, updating project schedules and so on. It ensures that your construction project is completed successfully.
  • Document management: One of the main features of any top construction management software is its ability to create, track, store and manage work-related documents. This helps the stakeholders to easily look for documents as and when required.
  • Inventory management: Based on the inventory data, construction software helps perform inventory audits, track assets on site, assist managers in efficient resource distribution and so on. Without construction management software in place, you might take additional time to complete projects effectively.
  • Contract management: Contract management software is crucial to maintaining data of all contracts between your company and concerned stakeholders. Not only this, but it also helps keep track of contract-related milestones.
  • Reporting: Another key feature of construction management software is that it helps keep important details of a construction project in one place. It generates real-time data reports in an accessible format for team members to absorb information quickly.
  • Job costing: Construction planning software helps allocate the budget for different types of construction services involved in each project. It also defines the cost for each employee, contractor and other relevant stakeholders and compares them to the allocated budget.
  • Service management: An ideal construction software must be able to manage work orders, create schedules, allocate resources, and track orders efficiently.

Benefits of Construction Management Software

Adopting a good construction management software can benefit your business in several ways.

  • Improved work collaboration: As construction project management software is online, team members can collaborate in real-time. The software creates real-time visibility for all stakeholders to track valuable information.
  • Grow your business: Keeping track of your projects manually can be quite a daunting task. Firms that use construction project management software can adopt an organized approach to managing people and projects better.
  • Operate efficiently: Construction management software can help organize processes on job sites, thus reducing confusion about change in order or job costs and more. It helps your firm streamline communication and makes business operations more efficient.
  • Financial reporting: An all-in-one construction software gives you an insight into whether you are on track to meet the estimated budget. It is an essential tool for accurate financial reporting through every phase of the project.
  • Quality improvement: Enhance project planning and control using construction management software. It promotes effective communication and thus minimizes any sort of project delays.

When Is the Right Time to Invest in Construction Management Software?

Do you know when it’s the right time for your business to invest in construction management software? Well, if the below-mentioned problems have started impacting your construction business, it is time for you to look for the right construction software for your growing business.

  • You spend hours on accounting related tasks
  • You have a manual/ complicated process for tracking orders
  • Construction specific reports are often inaccurate or delayed
  • Project or service management process is unorganized

How to Choose the Best Construction Management Software?

Confused with several construction management software options available in the market? Well, we have listed a few key points here that will help you choose the right software for your business needs.

  • Analyze your goals: First thing first, learn about the unique challenges of your growing business. Ensure that the construction management software that you shortlist aligns with your goals.
  • Simple and easy to use software: The best construction management software solution is the one that is simple and easy to use. It should provide all important modules to overcome all bottlenecks in construction projects.
  • Evaluate training modules: Right from the top management to supervisors, construction management tools are used by everyone in the construction firm. Hence, it is crucial that you carefully assess the training and support services offered by the software provider.
  • Features: Construction project management software should offer customized functionalities as per your specific types of projects. Look for a customized solution that is also scalable as your business grows.
  • Pricing: The cost of construction management software is not usually priced monthly or annually. Instead, it depends on multiple factors. Hence, businesses should determine the pricing method of the product before making an investment.

Latest Trends around Construction Management Software

Check out the latest market trends around construction management software.

  • Wearable gadgets: The use of wearable gadgets is among the newest trends in construction management. Some of the wearables like smart jackets, sensors or smart glasses help gather data on workers productivity and efficiency. This data is then fed to the construction software to analyze staff performance, working conditions among other things in real time. Hence, offering the latest smart wearables ensure worker safety, minimize downtime and more.
  • AI-based software: Construction firms rely on AI-based tools that not only collect data from multiple sources in real-time but also provide actionable business insights. The capabilities of AI further help top level managers to understand the issue in their workflow process, look for better ideas and more, which is essential to streamline routine performance.

Author: Kalpana Arya

Best Construction Management Software in 2022

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Monday.com

By Monday

4.6 (2 reviews)

Starting Price

₹24,612/Month

Inclusive of all taxes

Monday Software is one of the best Project Management Software in India. Monday Task Management Software best helps mana... Read More About Monday.com

Procore Project Management

By Procore

4.7 (2 reviews)

Price On Request

Procore Project Management helps you manage multiple projects, in one place, with ultimate project visibility. Get every... Read More About Procore Project Management

EZOfficeInventory

By EZOfficeInventory

Price On Request

EZOfficeInventory provides a set of features for business users to increase productivity and perform core functions accu... Read More About EZOfficeInventory

Smartsheet

By SMARTSHEET

4.9 (4 reviews)

Price On Request

Smartsheet is a web-based collaboration and strategic planning solution for enterprises. It can be used to unify three... Read More About Smartsheet

Construction ERP refers to a type of software designed specifically for construction companies to manage day to day operations such as project management, accounting, risk management and so on. 

Procore Project Management, Smartsheet, Logic ERP, StrategicERP, and Estimate Transfer are amongst the best software for construction management.  

Building Information Management (BIM) in construction management is a complex construction process supported by numerous tools to help architects create innovative buildings.  

Construction management software provides construction companies with the most robust functionality for its smooth operation. Some of the notable features of the software include project management, reporting, job costing, service management, among others. Further, it helps companies with various processes like document management, inventory management, to name a few. 

StrategicERP

By StrategicERP

Starting Price

₹472,000

Inclusive of all taxes

StrategicERP is an ERP software designed for the construction and real estate industry for project lifecycle management... Read More About StrategicERP

BuildStar

By BuildStar Technologies

Price On Request

Build Formula

By Build Formula

Price On Request

Last Updated on : 04 Oct, 2022

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FAQs About Construction Management Software

Construction project management software helps schedule, track, plan, organize and execute construction related projects. The prime goal of the construction software is to make businesses processes simpler through automation.

The cost of construction management software solutions varies based on the automation benefits and features that these tools deliver. However, the starting price range is as low as $7 per month for a single user.

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