Posts Tagged ‘Residential’

Residential Construction Software | Home Builder Software | Remodeling Software


www.contractorssoftwaregroup.com We develop construction software that fit all types and sizes of builders and contractors including: home builder software, remodeling software, general contractor software, residential construction software and commercial construction software

Construction Software | Residential Construction Software


www.contractorssoftwaregroup.com Residential Construction Software: Simple Series is a fully integrated estimating, proposal writing, material takeoff, budgeting, scheduling and construction accounting software program for builders and contractors. www.csgsoftware.com

Construction Software | Home Builder Software | Residential Construction Software


www.contractorssoftwaregroup.com We develop construction software that fit all types and sizes of builders and contractors including: home builder software, remodeling software, general contractor software, residential construction software and commercial construction software. Within our series of integrated construction software products we offer modular software solutions for all facets of your construction business including: customer relationship management (CRM) software, estimating software, scheduling software, job cost accounting software plus much more!

Project Accounting Software Best Practices When Developing Residential Estates

If you’re involved with construction for a Residential Estate then these “best practices” for using your Project Accounting Software will help your client with their dealings with their financiers as well as simplifying your project manager’s work.

However before you look at your software, it’s best to have a clear idea of the processes involved when undertaking a broad-acre conversion to a residential housing estate.

The Big Picture
To start with you know that the financier backing your developer client is not going to take on the all of the Risk involved with constructing the total number of homes that can fit on the broad-acreage. They will aim to minimise their risk by staging the development.

So the the broad-acreage will be conceptually divided into several Development Stages. The first stage release will commence with the construction of a display village consisting of one of each house type. This enables their sales team to walk prospective clients through a completed home and to estimate the cost of changes to the basic design on a client by client basis.

After sufficient sales are made in Stage 1 the developer will release another Stage downstream and in the process build a new display village and sell off the first display homes you constructed.

This provides a positive cash flow for the developer as they progress through building the remaining stages and in doing so lessens the risk for the financier.
Now we understand the big picture, we have to determine how best to manage this Contract using our project accounting software.

One Project or Many Projects?
You may think it a good idea to set up each home as a project but there are disadvantages to this simplistic approach – particularly in terms of reporting.
It would be best if the whole Estate was defined as a single Project and then as you undertake construction you define each house, being the Scope of Works, as a Stage within that project in your project accounting software. The use here of the term “Stage”   should not be confused with the “Staged releases” of land within the estate.

Better Client Reporting
One benefit of this approach is that it makes it easier to produce the reporting that your client the developer needs to provide to their Financiers to convince them that  their risks are being managed properly. This is because you can produce “big picture” plus” drilled down” reporting as required.

Management Focus
The Stages approach also helps your project managers focus on the construction as they can see all the information about an individual house and follow it right through the system. In effect you have a “sub-cost report” for just a single house.

Managing Subcontractors
When a new house is required to be constructed, then you would add a new Stage and then allocate your tradespeople to work on it. The scheduling process will easily identify the extra details.

If we examine the Subcontractor Payment Claims process then each tradesman has an original contract for work on other stages (homes) so if they win another stage (home) then it will just be another amendment to their contract. You can then pay the subcontractor by stage and in the process make tracking and controlling the processes easier.

Complementary Projects
Depending upon how you contract with the developer you may in fact be establishing two projects – not one – for the entire estate. This would be the case if you decided to use a Complementary Project approach.

This approach enables you to manage the construction project on an “open book” basis, with the developer taking the risk and some portion of the work charged at agreed rates. You would take a small risk for the preliminary items but have an agreed rate of recovery for selected services such as project management on an hourly basis.

To do this in your construction accounting software you would establish one project as open book with the client, where the budgets equal the agreed target prices of the client. In this project, the income is equal to the expenses so there is no profit. But you link this project with a second project which invoices the first project for the value of contracted services at the agreed rates. 

Payment Options
The next point to consider is how to pay subcontractors and suppliers in the first project so that it doesn’t effect your cash-flow.

Ideally the client should setup a trust account and you pay contractors out of this account  based upon a client approved payment list. However some developers may insist upon greater control of the “purse strings”. In this case you could still control all the subcontractor claims paperwork within your construction accounting software and at the end of each Pay-run send the direct deposits data file to your client so the developer can pay off this file using their own bank.

So the developer controls the “purse strings” but your project managers manage the job without you assuming the financial risk.

The practices should enable you to make better use of your project accounting software when your   constructing for a Residential Estate Developer.

The author Ronald Skeoch is the founder of Muli Management Pty Ltd, an Australian software developer of Project Accounting Software .

5 Benefits of Using Residential Construction Software Applications

Some years back, the use of construction software applications wasn’t too well known and encouraged either, by people who oversaw and supervised construction projects. Building a home, they thought, was a relatively easier affair, which it was. But with time, as the complexity of the architecture increased and with the advent of newer technological advancements, a residential construction software application is considered paramount to any construction project setup.

Here are 5 benefits of using residential construction software:

1. Help in maintaining books and facilitates easier record keeping process - The verdict is if a construction company doesn’t have a good book and a record keeping practice, the chances of it going down are high. With a lot of modern day residential construction software, you would find that the entire process of maintaining the books is easy.

2. Works as an excellent estimating tool - It is important for construction contractors to have an accurate estimate of their budget and also be able to stick to the forecast. For an activity as varied as residential construction, you would find new variables setting in, which needs to be tackled by a good estimating tool. The good news is most construction software applications are good at this.

3. Easy to use - Given the fact that, contractors are good with constructing buildings and are not so much computer-geeks by nature, these applications don’t knock off too many grey cells. They are very simple to use, so any contractor who has some money would be able to use them.

4. Allow you to work backwards - Now, with these software applications, you could start with the prospective completion date and track the project back to milestones that need to be accomplished on the way to meeting the end objective. This is a new advancement in most of these applications, which is welcomed by contractors.

5. Residential construction projects get completed, without many delays - Post the mortgage crisis when housing developments stagnated, a lot of developers and contractors have used these software to increase the efficiency of their execution of the building projects.

If more than 50% of developers and contractors are clamoring to invest in these software applications, we know why! These applications make the life of contractors so easy that in some years from now, they could be termed indispensable tools.

Charles Wilsonuk is a construction industry consultant with more than 10 years of experience and has written on a vast range of topics related to the construction industry. For latest news and updates about construction please visit- construction industry news.

Estimating Residential Construction Costs

In the business of residential construction there is a serious problem with projects being underestimated, resulting in little to no profits for the building companies. It can seem as though no matter how meticulously they work on accurate data collection, money seems to go like water through their hands. In such a highly competitive price related industry, it’s vital for contractors to acquire expertise for creating accurate estimates. To be best understood, the process of producing a quote can be divided into two areas; typical residential costs and potential costs.

Firstly a contractor must calculate the costs for anything that comes under the heading of typical residential construction costs. The location and environmental costs are a large part of this, and contractors should always survey the residential block prior to

commencing. This will enable them to assess things like whether the land is wet or dry and any money that needs to be allocated for demolition and removal of debris.

A quotation for a residential building estimate should give accurate details about how much the construction will cost to build according to the plans supplied. This means data must be compiled to cover laying a foundation(concrete, footings, slabs, columns and associated machinery), heating or cooling systems for the home and framing and flooring(walls, roofs, floors & floor coverings, ceilings etc). The exteriors and interiors include any materials used to cover the inside and outside of the building such as bricks, paints and built in cupboards and cabinets. Windows are just as important when it comes to quoting accurately, and contractors can sometimes forget about the extra wood used for their installation along with other hardware.

Electricians and plumbers can be tricky when it comes to accurately forecasting the cost of their work. They are also working off estimations, so you need to have confidence in their ability to give accurate quotes include lighting fixtures and plumbing fixtures like toilets and showers. Appliances are presumed to be included in residential construction estimations, so quote for items like dishwashers and garbage disposals, and be willing to include any extra’s the customer requests.

The area of other costs can be devised after the contractor has investigated all the typical costing data. Other possible costs to be included in the residential construction estimate can include preparation of the site, permit applications, demolition/debris removal or landscaping. Any changes requested after the plans have begun to be executed can be added if they have been approved by the appropriate executives.

It is impossible to get an absolutely accurate figure for the exact price of building a residential home. Every contractor is more than aware of the possible variables that can interrupt the expected flow, and for this reason always include escalation, contingency reserve and market update allowance clauses in the quotations.

To enable residential construction estimates to be more accurate and less complicated, do the company and contractors a favor and buy some construction estimating software. Estimates will be immaculate, organized and scheduled in advance so plans go ahead without any problems, and they will look professional and impressive as well. Seriously save time and money and get in synch with the ebbs and flows of your business through live updated data for analysis on how projects are currently running and ways to improve for future ones.

Nick Hurd is the developer of LiteningFast Estimating. LiteningFast is an estimating program that helps you estimate faster, easier and more accurately. It’s integrated with QuickBooks to provide job cost. You can find more information at construction estimating. You’ll be glad you did. It was introduced to tbe market in 1994 and currently has over 3,500 users in the US, Canada, and around the world.

Residential Construction Estimating Software for Contractors

Operating construction jobs is a great deal of work, not just in terms of using a level or nail gun. Managing those construction duties is just as time consuming and sometimes aggravating. Small and medium sized contractors have a need for the most help, which will definitely benefit the use of construction estimating software. While there are many software packages used for estimating residential and commercial construction options, they can sometimes be a hassle to use, since the feature an over abundance in customization which is hard to catch onto, or they are so simple they do not cover all the needs of a busy construction office.

Keeping track of the estimates and cost is vital to operating a residential construction business, which means keeping the books straight while being hard pressed for the correct totals. Not doing so, will leave you with lint in your pockets while the business is penny pinched for needs of materials that have not been assessed properly, this can all be done away with while using a Construction estimating residential software package. A contractor will get nowhere committing to expenses without the foreknowledge of them, and that is never a good thing. The success of a business falls to keep track of issues such as expenses as they mount up as well as annual reports. Construction estimating software gives you the upper hand.

Good construction estimating software for residential construction will not only help you stay within local code requirements but also aid in taking the square footage which will allow you to turn that into an estimate with the use of your accounting software that will actually pay you with enough profit to live off of. However, the construction estimating software must harmonize and assimilate with your accounting software, such as QuickBooks. These programs together should be able to walk you through the QuickBooks reports as well as letting you know which ones you have no need of and help you budget the jobs expenses.Construction estimating residential software packages should be priced affordably, and be simple to use. You will need the ability to start from a finished project and work your way backwards. All through the construction process, systematic, from the exterior paint and drywall back to running wire and framing joists even to the beginning point of tilling and grading the ground in which to place a foundation slab. The contractor will need to know the costs of all things involved so the solid profit to show when the job is complete. Construction estimating residential software packages for residential needs does exist and there are several competing packages available, you should evaluate the software, so that the software you choose is based on the needs of your company and the condition of those needs.

You will be in need of a program, which is easy to learn and is adaptable with your bookkeeping software. You will also need software that is designed to fit the size of your construction company, whether it is large or small. The construction estimating residential software should also be clearly documented with simple to understand language as well as systematic instructions or examples. The construction estimating residential software packages should be as clear to you as reading a blueprint or a floor plan. You should also check to make sure that the software you chose has a video tutorial with step-by-step instructions so that you can follow along as you learn to understand and use the construction estimating residential software.

A good construction estimating residential software package will allow you to run several jobs in tandem, while pointing our any cases where there are different areas of the job to run at the same time, which aids in a finished job faster as well as keeping under control the factors of expenses. All these benefits and being able to work smarted allows you more time off to do your thing and not worry about what was left at the office.

Nick Hurd is the developer of LiteningFast Estimating. LiteningFast is an estimating program that helps you estimate faster, easier and more accurately. It’s integrated with QuickBooks to provide job cost. residential construction estimating software saves time and money It was introduced to the market in 1994 and currently has over 3,500 users in the US, Canada, and around the world.

Residential Construction ? Estimating Software Will Save Contractors Time & Money!

It certainly isn’t the easiest job in the world to manage a construction project – and it involves a lot more than knowing how to use tools and build things! Of course construction managers do years of study to learn all the complexities of their role, but onstruction

estimating is something that is only mastered through hands on, long term experience. Many contractors hold the belief that residential construction estimating software can cause more harm than good, and this was perhaps the case in the earlier stages of development. Modern day advances mean more variety is available on the market and there is a construction estimating software package that can make your life a whole lot easier.

If you want your residential construction business to be a success, it is vital that you have solid record keeping procedures and immaculate books: If the numbers aren’t right the whole business could go under. Construction estimating software will enable you to keep track of every expense, every day and produce analysis and reports on demand, without getting out your calculator. So often contractors are left scratching their heads and wondering where they went wrong with the residential construction estimations that made them lose so much money each year. With the right estimation software contractors can monitor the budget, work out the productivity and costs and check schedules anytime they like, and if a problem arises, it is on record and easy to decipher solutions. Construction companies can go from running at a continuous loss to making steady and increasing profits.

For small businesses that use QuickBooks or the like for financial management, residential construction estimating software will often be compatible. Good estimating programs will work out square footage and local code requirements and devise a quote that leaves enough profit left over to live comfortably. When your estimating software is compatible with your accounting program it will show you how to put budgets in place and organize records and reports. A good residential construction estimating software package will offer all these things and still be simple to use after a few computer tutorials and manual

reviews.

Along with being very easy to learn, construction estimating residential software packages are available at affordable prices. Another feature offered by the quality residential programs is working backwards to plan project scheduling: This means you can enter the completion date and map the project back from there. Knowing the correct amounts for every step of the building is essential, from drywalls and exterior paint to tilling and grading out the ground before the slab. Having the right software can help with all areas of running a residential construction company, and contractors can relax a little and have confidence that things are running smoothly. Instead of losing sleep every night over deadlines and bad weather predictions, spend some time evaluating some of the reputable residential construction estimating software that is on the market.

If you aren’t a computer whiz (and lets face facts, how many contractors are?) it is probably a good idea to choose construction estimation software that includes video tutorials that are interactive. This means you can go through lessons and samples on the computer that are specially designed to teach to all levels of skill. The residential construction estimation software programs that offer this feature are often also available as a demonstration version for free. You will be able to see how easy it is to have several projects open at one time and how you can easily evaluate areas of common activity across jobs. With this information you can arrange tradesman to do multiple jobs together and save on contracting fees. With all these benefits having now been pointed out to you so clearly, go online today and start your quest for finding the best construction estimation software for your company.

Nick Hurd is the developer of LiteningFast Estimating. LiteningFast is an estimating program that helps you estimate faster, easier and more accurately. It’s integrated with QuickBooks to provide job cost. You can find more information at construction estimating. You’ll be glad you did.It was introduced to tbe market in 1994 and currently has over 3,500 users in the US,


Canada, and around the world.