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Saturday, December 18, 2010

Estimating Software – An Aid to the Contractor

Construction cost calculations can be a big place for building estimating errors. These cost calculations can easily take a lot of time and cause errors. Yet, cost estimating is singularly the most important aspect of new home construction!

This is why using construction software is such a great idea that thousands of contractors around the country have started to do construction estimating. No one wants error in time of calculating estimation for the house. As house is the biggest and important financial investment of one’s life, we want to make it very simple and accurate estimation. That’s why you have to opt for estimating software.

First of all you have to know what estimating software is. Software estimation is the process of predicting the effort required to develop a software system. This paper provides a general overview of software cost estimation methods including the recent advances in the field. As a number of these models rely on a software size estimate as input, we first provide an overview of common size metrics. We then highlight the cost estimation models that have been proposed and used successfully. Models may be classified into 2 major categories: algorithmic and non-algorithmic. Each has its own strengths and weaknesses. A key factor in selecting a cost estimation model is the accuracy of its estimates. Unfortunately, despite the large body of experience with estimation models, the accuracy of these models is not satisfactory. The paper includes comment on the performance of the estimation models and description of several newer approaches to cost estimation of a construction project.

With the ease of use, accuracy and speed estimating software gives to its users, it is no wonder so many contractors are already using it. Time is money, so the ability to do more estimates in the same time is a big saver. Many users find they can do up to ten estimates in the time it was taking them to do just one by hand, spending 1/10th the time estimating each job. This speed comes without an increase in complexity. Generally the estimating software are designed from the beginning to be easy to use and to allow you keep your current flow for estimating. Whereas the old technique can make you change and do your work the way the estimators think is best, these estimating software’s developers let you set the rules.

This easiness to learn is one of the reasons users have found they can begin doing estimates the first day they have estimating software. The complex works of estimation are made easy with it. Why the estimators would stick on the complex process without choosing the easy but accurate way to get estimation for the dream house. As little as a decade ago the job of cost estimating was a quagmire, even for experienced professional builders. But now every estimator is using the estimating software. Various estimating software are available in the market which can fulfill your requirements of estimation.

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