5 Benefits of Construction Management Software Development

In the construction industry, when you do not execute your business plan well, things will slip through the cracks, literally! For years, managers and entire teams in the sector have been using tools and apps to facilitate different project stages such as designing, pre-constructing, and operations. Therefore, construction software development is not new. However, the need for robust and modern construction project management software has grown over the last few years.

 

Experts from Intevision software development company have highlighted basic info you need to know about construction management software. Find out how you can benefit from custom development and why the construction industry needs technology and innovation.

The Main Issues Facing the Construction Industry

Here are some of the top challenges and issues in the construction sector.

Cost overrun

According to a McKinsey study, 98% of large construction projects deal with cost overruns of more than 30%. It is often caused by poor cost estimates during the planning phase, design change requests, and payment delays.

Delays

The same McKinsey study also states that 77% of construction projects are at least 40% late. Some factors such as the weather, the nationwide labor shortage, equipment failures, scheduling issues, and project conflicts negatively affect the project, causing unexpected delays.

Inadequate communication

Oftentimes, there is a disconnect between the office and on-site workers during the construction project implementation. Communication inefficiencies are linked to a high percentage of construction problems. For example, with unrealistic expectations and important tasks being overlooked.

What is Construction Management Software

Construction management software is the software category that includes multiple solutions to help businesses efficiently manage resources, projects, and customers, handling documentation, decision-making, task scheduling, etc.

 

Contractors, building owners, managers, and entire companies can track the progress, detect any underlying issues, and mitigate risks. Construction management software aims to streamline activities for faster project completion and delivery.

Why Use Construction Management Software

Construction management software makes it possible to set budgets and timelines for projects and alleviates concerns about the smoothness of workflows and accuracy of estimates. Using an appropriate digital management solution, you stand a chance of finding yourself moving in the right direction and working towards the best possible outcomes.

 

1. Real-time communication and collaboration

Construction management software allows external stakeholders to connect with construction companies and provides workers with a means for clarifying internal matters regarding the project under development.

 

1. Budget management and accounting

A budgeting tool is necessary for the efficient management of budgets and forecasts. With the broad capabilities that come together with construction management software, it has become easier to prepare the estimate of costs as part of project control. The software can also support establishing the bid prices for the job, core accounting, expense management, and more.

 

1. Resources management

Inventory and equipment, skill and knowledge — these are some of the resources worthy of special attention. It can be checked whether the resource usage is aligned with the original estimates and if there is a possibility for optimization.

 

1. Document sharing and control

With the construction management software, it is easier to share documentation among team members and external stakeholders. Moreover, when a centralized document control system is in place, the decision-making process will also be streamlined.

 

According to Market Study Report, the global Construction Project Management Software market is expected to reach 1620 mln by the end of 2024. So what are you waiting for? Connect with Intelvision today, get a quote based on your requirements, hire developers, and build custom software for your company!