Browse Definitions:
Definition

construction estimating software

Construction estimating software is a collection of programs, processes and information used to calculate the total cost of a construction project. Estimating software automates the formulations formerly obtained through manual spreadsheets and calculators. Legacy tools like tape measures can be replaced by tablet PCs and digital cameras. The introduction of both tools facilitates and improves the estimating process by increasing the speed and accuracy with which an estimate can be made. Estimating software, in general, improves a contractor's ability to compete with other bids and accurately represent the true cost of a project to potential clients, enhancing productivity and easing the bidding process.

Construction estimating software is used in many different sectors of the construction industry. Different versions address specialized applications in commercial, industrial and residential construction, as well as general contracting, specialty contracting and highway or heavy contracting. Common capabilities across the various fields include: takeoff software, cost databases and estimating worksheets. Due to the vast number of calculations that estimating applications perform, a fast CPU and ample RAM are both necessary for optimal functionality.

According to the Construction Financial Management Association's 2008 Information Technology Survey, the larger a construction company, the more likely it is to use construction estimating software. Companies in specialty construction fields use construction estimating software most frequently. Leading construction estimating software packages include Sage Timberline Office, Microsoft Excel and HeavyBid, which is popular among heavy and highway firms.

Learn more about IT:

> ConstructionSoftwareReview.com offers a list of estimating software overviews and end user reviews.
> ConstructionSoftwareReview.com also features a construction estimating software buying guide.
> BuilderSpace.com maintains a list of construction estimating software as well.
This was last updated in May 2008

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • PCAOB (Public Company Accounting Oversight Board)

    The Public Company Accounting Oversight Board (PCAOB) is a Congressionally-established nonprofit that assesses audits of public ...

  • cyborg anthropologist

    A cyborg anthropologist is an individual who studies the interaction between humans and technology, observing how technology can ...

  • RegTech

    RegTech, or regulatory technology, is a term used to describe technology that is used to help streamline the process of ...

SearchSecurity

  • email spam

    Email spam, or junk email, is unsolicited bulk messages sent through email with commercial, fraudulent or malicious intent.

  • distributed denial of service (DDoS) attack

    A distributed denial-of-service attack occurs when an attack originates from multiple computers or devices, usually from multiple...

  • application whitelisting

    Application whitelisting is the practice of identifying applications that have been deemed safe for execution and restricting all...

SearchHealthIT

  • athenahealth Inc.

    Based in Watertown, Mass., athenahealth Inc. is a leading vendor of cloud-based EHRs for small to medium-sized physician ...

  • Affordable Care Act (ACA or Obamacare)

    The Affordable Care Act (ACA) is legislation passed in 2010 that changed how uninsured Americans enroll in and receive healthcare...

  • HIPAA Privacy Rule

    The Standards for Privacy of Individually Identifiable Health Information, commonly known as the HIPAA Privacy Rule, establishes ...

SearchDisasterRecovery

  • disaster recovery as a service (DRaaS)

    One approach to a strong disaster recovery plan is DRaaS, where companies offload data replication and restoration ...

  • data recovery

    Data recovery restores data that has been lost, accidentally deleted, corrupted or made inaccessible. Learn how data recovery ...

  • disaster recovery plan (DRP)

    A company's disaster recovery policy is enhanced with a documented DR plan that formulates strategies, and outlines preparation ...

SearchStorage

  • yottabyte (YB)

    A yottabyte is a measure of theoretical storage capacity and is 2 to the 80th power bytes, or, in decimal, approximately 1,000 ...

  • Kilo, mega, giga, tera, peta, exa, zetta and all that

    Kilo, mega, giga, tera, peta, exa, zetta are among the list of prefixes used to denote the quantity of something, such as a byte ...

  • brontobyte

    A brontobyte is a measure of memory or data storage that is equal to 10 to the 27th power of bytes.

SearchSolidStateStorage

  • PCIe SSD (PCIe solid-state drive)

    A PCIe SSD (PCIe solid-state drive) is a high-speed expansion card that attaches a computer to its peripherals.

  • SSD caching

    SSD caching, also known as flash caching, is the temporary storage of data on NAND flash memory chips in a solid-state drive so ...

  • NVDIMM (Non-Volatile Dual In-line Memory Module)

    An NVDIMM (non-volatile dual in-line memory module) is hybrid computer memory that retains data during a service outage.

SearchCloudStorage

  • RESTful API

    A RESTful application program interface breaks down a transaction to create a series of small modules, each of which addresses an...

  • cloud storage infrastructure

    Cloud storage infrastructure is the hardware and software framework that supports the computing requirements of a private or ...

  • Zadara VPSA and ZIOS

    Zadara Storage provides block, file or object storage with varying levels of compute and capacity through its ZIOS and VPSA ...

Close