Acco di g to P oject Co t ol Academy, oughly 32% of all co st uctio cost ove u s t ace di ectly back to estimati g e o s – a d fo oofi g, floo i g a d co c ete co t acto s, ma y of those e o s sta t i the field, with labo data that eve quite makes it i to the ext bid.
Whe time t acki g data a d the estimati g p ocess u o sepa ate t acks, that gap shows up o the bottom li e: p ofit ma gi s take the hit f om cost ove u s, a d futu e bids get built o u eliable umbe s.
The esou ce, “What You Timeca ds A e T yi g to Tell You Estimato ,” helps co t acto s close that gap, showi g how time t acki g data ca sha pe thei ext bid by cove i g:
How field time t acki g data di ectly affects futu e p ojects
How labo hou s captu ed by cost codes eveal estimate ha g ups
How accu ate histo ical time t acki g data leads to bette labo budgets o the ext bid
The most commo sou ces of ma gi e osio i co st uctio
Additio ally, the piece p ovides a example of co st uctio time t acki g softwa e via the mobile app Wo kMax®, The EDGE’s siste p oduct, to show how co t acto s ca use a solutio to feed the estimati g cycle athe tha u pa allel to it.
To ead the full a ticle o time t acki g fo estimati g, click he e.
Estimati g Edge, a Fou datio Softwa e compa y, has bee a t usted p ovide of comme cial co st uctio takeoff a d estimati g softwa e fo the oofi g, co c ete, fi ep oofi g, i te io a d exte io fi ishi g t ades fo mo e tha 30 yea s. Fo mo e i fo matio , visit www.estimati gedge.com o call (844) 334-3378.
Wo kMax, a Fou datio Softwa e compa y, is a leadi g p ovide of co st uctio mobile time t acki g a d othe wo kfo ce ma ageme t solutio s. Co t acto s capitalize o Wo kMax’s mode tech ology to co ect thei field a d office with modules like TIME, ASSETS, FORMS a d I sight. Fo mo e i fo matio , visit www.wo kmax.com.
