7 Features of Construction Project Management Software

project management

Given that the real estate is rapidly expanding, it may not be easy to keep up with the contractors. The construction industry also relies on the organization of the firm. The project management software allows the firm to prevent projects from going over the budget.

The software allows several firms and contractors to collaborate and finish a job. A construction company can also assess the construction-related risks, job costing, project management, and controlling costs through the system.

7 Essential Construction Project Management Software Features

Through the article, you will learn the features to consider when choosing construction project management software.

1Tracking the project

As a contractor, you need to track the project’s progress to ensure it is timely and within the budget. Through the feature, you can create milestones and deadlines using the dashboard.

You can track the project, daily, weekly, or monthly.

2Project management

As the name suggests, the software needs to help you manage your project. Although you may have an onsite supervisor, they may not be able to handle every detail.

Excellent project management software allows you to automate tasks such as tracking problems and project progress, integrating new customers, and re-scheduling timelines. You can also plan resources, gather your team for collaboration, update the project schedule, and ensure project profitability.

3Management of client relationships

This feature allows the contractor to insert the customer’s details in the system. You can also attach specific information relating to a client.

Through the client management feature, you can send reminders and search your client’s history hence enabling you to track the customer’s progress.

4Accounting and Financial management

You may want to monitor the costs because it’s one of the essential parts of the project. A sound system needs to automate the work order entry, accounts receivable and payables, and payroll to make your work easier.

The accounting and financial features assist the contractor in making an informed decision, like making economic forecasts during fieldwork.

The feature may also allow you to process electronic payments and track orders.

5Costing of Jobs

Job costing involves the accumulation of overhead, material, and labor costs for a specific job. Construction project management software should set standard rates for the various services your firm provides. The system should project timelines and give out data that can be put into action hence increasing productivity and developing invoices.

The job costing feature also allows you to monitor the current costs versus the assigned budget.

6The Bid management

The bid management feature allows a contractor to access the subcontractors and track their specific bids. It also allows the contractor to monitor and select the best subcontractor.

7Producing Reports

Good software should enable a contractor to generate quality project reports that will assist in making critical decisions. The reports should be real-time and accurate. It should also allow you to identify underperforming projects, highly risky areas, or those lagging.

All the above data should be easy to understand, thus leading to smooth implementation.

If you are a construction company manager, you have a big task to ensure everything runs smoothly. Due to the exhausting duties, you will need construction project management software to assist you. But when installing the construction project management software, consider its features to track and manage the project, manage the clients and financial data, cost jobs, and execute bids.