Get a grip on project costs with good estimates in installation engineering
As a company in installation engineering, construction or civil engineering, you know better than anyone that margins in the construction industry are tight. To ensure that projects are still profitable, you do well to monitor projects, identify risks and work as efficiently as possible. This is not always easy, as projects have become more complex in recent years. In this blog, you will read about how to take a step towards better cost control with estimating software in installation engineering.
Make costing a priority in installation engineering, civil engineering and construction
If you do not pay enough attention to estimating in installation engineering, it is not only impossible to save costs; you run the risk of a project going over budget and being delayed. Consequence? Late payments from your investors and a dent in your reputation.
So organise the estimation process as efficiently as possible to avoid unnecessary costs due to careless calculations. Set clear priorities at the start of the project and reserve sufficient time in the planners’ diaries for cost estimates.
Software offers a helping hand
When you make an estimation in installation engineering, civil engineering or construction using software instead of Excel files, you do not have to reinvent the wheel every time. With software, you can, for example, make convenient use of parts lists or measurement sheets from similar projects. You then use these as guidelines for a new project.
In our total solution 4PS Construct, for instance, you can transfer your calculation to the working budget with a single click of a button, have access to the prices of millions of technical products from the central 2BA article database via the 2BA Unifeed link or use tail sheets for setting up and calculating end sheets.
The possibilities are endless, but one thing is certain: you also use all entered data in subsequent process steps. For example: after preparing the calculation, the purchasing team orders the materials based on this calculation from the same software solution. You always work from one version of the truth and enter data only once!
More than just saving costs
A careful estimation in installation engineering, construction and civil engineering helps companies save more than just costs. It also contributes to a company’s success and growth. Sound estimations help you plan future projects smarter.
Companies that make good estimates of expected costs are much better able to prepare attractive and competitive quotations. This increases their chances of successfully winning contracts. Moreover, it is also positive for your reputation as a contractor or installer when projects are delivered within (or even under) budget!
Read more tips for saving costs in installation engineering?
Good costing in construction, civil engineering and installation engineering contributes to financial stability, competitive advantage and customer satisfaction in the installation sector.
Would you like to know what other ways you can save costs in your company, without compromising on good quality? Then read our white paper ‘Construction is Getting Smarter’ in which we explain four other ways to keep a grip on costs in construction, civil engineering and installation technology.
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Paul Broderick | Paul has developed a keen eye for seeing specific customer requirements and recommending solutions to deliver business benefits and returns-on-investment. In the last three years Paul has focused this experience and knowledge specifically on the Construction industry, where digitisation is now the hot topic in IT, which has evolved and matured to become most relevant in today’s construction industry.