It will be possible to improve estimating and bidding performance with the help of easy to use collaboration tools, advanced analytics and AI. It is expected that the number of construction cost software is going to increase and become smarter and more flexible for business representatives. This way you will master the operational efficiency of your company and stay a competitive, trusted contractor.

But the focused attention of contractors should be paid first to construction tendering software and digital tools for better communication and management. Next 5 years, we can see wide use of smart contracts, green building technologies, drones, AR for 360-degree videos, smart city high-tech solutions, and many more. Many companies have already implemented construction cost software, BIM, budget control tools, etc. Most contractors can observe the trend of high-tech and digital solutions. That is why many new advanced software tools (like construction cost software / construction tendering software) appear day by day. The construction market is ever-changing. On the other hand, cloud-based construction estimating software is developed by specialists in the field of construction to meet all the requirements of the industry. As winning the job and gaining profit equally depend on the accuracy of tender cost estimation, you cannot rely on Excel. When it comes to tendering and estimating, there is always the factor of human error, so estimators, contractors, and quantity surveyors are forced to check their formulas and calculations continuously while working on building estimation in Excel spreadsheets.

To start with, even though Excel can definitely be a useful tool when performing some specific tender cost estimation tasks, it does not provide the level of accuracy required in the building business. Moreover, it is utilized not only for large business, but for all business sizes. However, many building firms still stick to this tool and hesitate to try contractor estimating software when it comes to tendering and estimating.

The majority of the building industry representatives have already quit using Excel.

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