INEIGHT ESTIMATE
CONFIDENT BIDS START HERE
ROI CONSIDERATIONS
When evaluating the return on investment for estimating software, you need to consider both the direct and indirect efficiency gains. Here are the key ROI factors to assess before making a purchase:
1. TIME SAVINGS:
Pre-built templates, cost item assemblies, and cost and resource libraries can dramatically reduce the time it takes to build an estimate. That means your team can focus more on planning for contingency and how the work will actually be executed.
2. REDUCED ERRORS AND REWORK:
Investing in a platform that standardizes estimates and catches discrepancies early can save tens or even hundreds of thousands by avoiding change orders and cost overruns.
3. SMARTER DECISION-MAKING:
Benchmarking and historical data analysis give your team insights to continuously improve estimate accuracy. Over time this translates to more predictable profit, as well as better forecasting and resource planning.
4. SCALABILITY AND TEAM EFFICIENCY:
With standardized processes, every estimator has the tools they need to quickly deliver high quality estimates. Onboarding new estimators also becomes faster, and knowledge is retained across projects.
FINAL THOUGHT:
The right estimating software pays for itself quickly, not just by cutting hours, but by helping you win better jobs and operate more competitively in a tough market.