Features of Construction Estimating Software Functionality Beyond job cost estimation, construction estimating software can provide payment tracking, report generating, and building schedules. Estimates are created by calculating labor costs, material costs, subcontractor costs, and equipment costs, for the purpose of finding and submitting a bid price for a project.Ĭonsider to be a subset of construction management software, estimates generated via construction estimating software will turn into a construction contract and will lead into the management of the project itself.Įngineers, architects, and construction managers will utilize cost estimating software in the construction field for overall bid management but also on any need to create a cost estimate. What Is Construction Estimating Software?Ĭonstruction estimating software helps contractors estimate the costs of construction for a specific project.