• Generic selectors
    Exact matches only
    Search in title
    Search in content
    Search in posts
    Search in pages
    FMI Quarterly
    Special Reports
    Industry Outlooks
    News
×
  • I'm here to...
  • Services
  • About Us
  • Generic selectors
    Exact matches only
    Search in title
    Search in content
    Search in posts
    Search in pages
    FMI Quarterly
    Special Reports
    Industry Outlooks
    News
  • Generic selectors
    Exact matches only
    Search in title
    Search in content
    Search in posts
    Search in pages
    FMI Quarterly
    Special Reports
    Industry Outlooks
    News
×
  • I'm here to...
  • Services
  • About Us
  • Generic selectors
    Exact matches only
    Search in title
    Search in content
    Search in posts
    Search in pages
    FMI Quarterly
    Special Reports
    Industry Outlooks
    News
Blog/June 13, 2013

Help Software Advice Evaluate the Effectiveness of Estimating Software

I was asked by Derek Singleton, managing editor at Software Advice to provide a link to its latest survey on estimating software. Here is Derek’s description of the survey, as well as a link to the results. It is open until the end of June. I hope you will take the time to provide your feedback to this important industry research.

Despite the upward trajectory of the economy, the construction industry remains intensely competitive. To win bids and maintain profitability in this market, it’s crucial to create accurate and professional-looking bids in a timely manner. To do this, many contractors rely on construction estimating software and related technologies to do their job effectively. Others use spreadsheets, custom-built software or estimate by hand. But unless you keep track of meaningful metrics, it can be difficult to say which estimating method is most effective.

To help answer that question, Software Advice is asking contractors across of all industries to share how estimating software and related technologies help them do their job. The benchmarking survey will evaluate contractors and estimators on important metrics such as:

  • Average bid-to-win ratio (i.e., percent of projects you win out of those you bid on)
  • Top estimating errors and most difficult costs to estimate
  • Average time to turn around a bid
  • Top estimating priorities for 2013

The survey is now closed. To see the results from the survey, click here.

Did you enjoy this article? Subscribe here for more FMI content.

Want to know more?