A comprehensive guide on the Construction management software Table of Content 1. Mobile compatibility and inventory management 2. Accurately forecast job costs and monitor them 3. STACK 4. On-premises software is better suited to larger businesses 5. Multiple features needed 6. Conclusion Construction management software has been a sensible investment and a path to success for many Real estate organizations. It provides incredible features that help manage various projects (both small and medium) across multiple sites, thanks to its comprehensive management and seamless integration support. The software allows you to manage budgets, quality assurance, safety programs, timelines and schedules, effortlessly. Improving communication with various stakeholders and completing site work on time has never been so easier. With construction management software, one can easily communicate with stakeholders, and constructors and redefine their realistic plans. Also, builders can view the entire project life cycle, assign tasks to workers, rectify red flags, mitigate delays, and track projects with ease. Let’s take a closer look at how Construction management software benefits the construction industry. Mobile compatibility and inventory management “Mobile compatibility and inventory management are the essential features to be kept in mind while creating construction management software. Various businesses are getting an edge over cloud-based software. In the major construction industries, almost every project occurs at a diverse location. The renowned project managers and the subcontractors don’t have easy access to a desktop. As software has become cloud-based, the construction company and its partners can quickly access the data they require from any time and almost anywhere. This is how when the software is built accessible from a mobile device via a mobile responsive design or mobile app; the project managers will be capable of accessing project specifications to organize from the palm of their hand. On the other hand, inventory management makes it hassle-free to rummage for and disseminate materials efficiently and timely. If not effectively tracked, you might be on the verge of losing track of where materials are when new orders have to be placed.” - Stephen Curry, Business owner of CocoSign Read More: Top 11 Emerging Technology Trends for Construction Industry Accurately forecast job costs and monitor them “Two of the most important features of good construction software are: Pre-estimating/forecasting the cost of a job and monitoring expenses during a job. As every good contractor will know, no matter how well you budget for a job, you’ll always end up going over budget. Hence, the ability to more accurately forecast job costs and monitor them as the job is in progress is crucial to help contractors effectively manage cash flow, get additional materials, and keep the schedule on track.” - Lester Mclaughlin, VP of Operations at Blue National HVAC STACK “STACK is one of the most popular pre-construction estimating and takeoff tools. The system provides general contractors with the resources they need to win more bids, assists subcontractors in locating the most profitable projects, and assists suppliers and manufacturers in connecting with clients throughout the purchase consideration stage. STACK’s centralized hub allows teams to collaborate to enhance efficiency, which is ideal for small construction firms or bigger firms interested in a trial of the software.” - Shiv Gupta, CEO of Incrementors Web Solutions On-premises software is better suited to larger businesses “Being an expert, I would recommend that must be an Internet-connected device, it may be used at any time and from anywhere. It gives you the ease of being able to view your data from wherever. It's normally priced on a monthly basis, and the provider handles all of the upgrades. In general, on-premises software is better suited to larger businesses, whereas cloud-based software is ideal for small construction organizations. Any construction project management software will come with a variety of capabilities to meet your unique requirements. If you're a general contractor, for example, you'll want to seek software that helps with costing and accounting, document management, personnel tracking, and scheduling.” - Neil Shaw, Founder & CEO ofLottery Sambad Searching for a Construction software development company?  CONTACT US Multiple features needed “Below you will come to know about some of the most common features of construction management software. First, you need to incorporate bid management in your construction management software. We all know that bid management is the core factor for any construction project so must incorporate it into your construction management software. Second, the most important thing to keep in your construction management software is customer relationship management. Happy customers always reuters so in your software there must be some space for customer satisfaction management. Third, the thing that you must never forget while building a construction management software is inventory and equipment management. Before initiating any project, you must have an idea about your inventory and equipment. Lastly, communication software is a must add thing into your construction management software. It helps you contact your clients and helps you retain more customers.” - Usama Ali, Co-Founder of Pressurewhistles Job Scheduling Good construction management software needs to be able to help managers schedule tasks in the right order, balance workloads across multiple projects, allocate skilled workers across various projects, etc. The software should also be able to layout a project timeline and help you to allocate manpower and resources, create reminders for subcontractors and other staff, as well as be able to adjust the schedule as each project progresses to account for any external factors. Job Scheduling Good construction management software also needs to be able to provide managers with adequate control over project data and be able to produce real time, accurate project data reports that can help to improve decision making. It should also be able to schedule automatic delivery of reports to all staff, allow for exporting to other third-other software like Microsoft Excel, and also help managers identify areas that are at-risk or falling behind schedule. But most importantly the data must be produced in an easy to understand format that all team members can understand and make use of. Inventory Management Good construction management software should also come with an inventory functionality that can help managers track assets on the job site, perform fast inventory audits, locate lost equipment quickly, and help managers effectively distribute equipment and resources. Without it, there's a high chance of managers taking on too many projects to effectively meet client expectations or complete projects, all due to a lack of awareness of equipment and inventory limitations.” - Eden Cheng, Co-Founder of PeopleFinderFree “Based on my experience building B2B SaaS applications, here are a few insights on your query: Inventory and Equipment Scaling Management When developing construction management software, it is essential to consider the size of the business, tech maturity, and availability of IT resources, including demographic segment. In addition, most construction companies need software that can account for and help disburse millions of dollars worth of both materials and equipment, resulting in significant time and resource losses when not adequately tracked. Project Management & Scheduling Management Project scheduling creates an avenue for contractors and project managers to assign employees, resources, and equipment adequately. Document management records the complete project documentation containing the blueprints, contracts, drawings, change of orders, RFIs, in an integrated and easy-to-access database. This offers an opportunity to monitor, reduce errors, collaborate, and allows firms and clients to possess a digital paper trail. Project tracking aids the contractor to monitor tasks and goals from the beginning to the end while observing the project's progress. Finally, job costing creates the chance to track the actual project costs compared to first estimates, monitor payments and invoices, and track the change of orders.” - Harriet Chan, Co-Founder ofCocoFinder “Here are some important notes to keep in mind while building construction management software. Project tracking in real-time Project tracking is closely connected to the building team's achievement. Construction projects may be daunting at times. Leaders may receive a real-time view of the job and its results by monitoring progress on a frequent basis. The easiest way to assess whether a project is on track is to use project tracking and monitoring tools. A visual dashboard in a construction project management tool with this functionality allows users to stay on top of the project, establish objectives, jobs, and deadlines. Integrations that are really effective It's impossible for a construction project management solution to work in isolation. Separate workflows and data silos will arise from using a standalone program. Given that the construction industry is obliged to employ numerous solutions owing to its complicated processes and a large number of parties involved, integration functionality is critical. More than half of businesses transmit data between applications without manually integrating them, which results in time losses, probable human mistakes, and the inability to leverage analytics, among other things.” - Tal Shelef, Co-Founder of CondoWizard “When building construction management software, make sure you add a feature that monitors staff location, like a GPS tracker. This will help supervisors check where the staff is throughout their shift and what they are doing. Another feature needed is a work hours tracker. An hours tracker simplifies timekeeping for employees in different locations. The next feature - the feature that shouldn’t be missed out on - is an automated reports generator. This feature is very important as it helps construction company owners efficiently run payroll and view accurate job costs. The detailed reports help employers have an insight into the actual hours spent on a particular task. The data obtained could also serve as a basis in future job quoting and planning, helping employers save on job costs.” - Sam Dolbel, Co-founder & CEO of SINC Workforce Conclusion Staying updated with the trend has been obligatory for any business. Finding a superior solution with a well-thought-out process is quite challenging in today’s real-estate market. Construction management software is one such solution that helps contractors with reduced labour expenses and mitigated work delays. In this blog, we've discussed how construction management software improves the construction sector and helps in project planning.