Construction estimating has a data problem, though not the kind you'd expect. It isn't a lack of data. After years of bids, ...

Okay, so I’m just going to go ahead and say it: It is impossible to accurately estimate a software project of any significance. Now, a non-trivial number of you are going to read that sentence and ...

Accurate estimates are essential to a construction firm’s success. Overprice a bid and you’ll likely lose the project. Underprice it and you risk losing money and damaging relationships with partners ...

There are dozens of estimating software programs available for the construction industry. This makes sense because increasing volume of estimating is a key step in growing a construction business. And ...

The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

Most everyone understands that the construction industry is not only a big investment, but a long-term one for those who venture down its path. Contractors have a responsibility to do everything ...

Building out its project management platform further into preconstruction, Procore announced on Oct. 27 that it has acquired estimating software maker Esticom. based in Austin, Texas, Esticom ...

"Accuracy" represents the closeness of the estimated value to the actual value: the accuracy of a project estimated to cost $99,000 but actually costing $100,000 is very good. In contrast, " precision ...