Construction Software Based on the Project Lifecycle
Ready to tie estimating, project management, and accounting all together?
When your business is ready to move from canned accounting software like QuickBooks, and transition to construction specific accounting software – Sage 100 Contractor is right for you.
It’s time for software that allows you to get the ‘big picture’ and drill down to the details. Sage 100 Contractor (formerly MasterBuilder) takes your business to the next level by putting you in total control of your project information and financials.
Execute and integrate construction estimating, project management, accounting, subcontract and service management, reports and analysis all from one easy-to-use software solution. All of your critical business information – from job costing to project management – are accessible and actionable in friendly dashboards with over 1,200 reports and customizable alerts.
10 Construction Business Problems Sage 100 Solves:
Eliminate spreadsheet errors.
An article in the May 24, 2004 issue of Computer World indicated that, “Anecdotal evidence suggests that 20% to 40% of spreadsheets have errors, but recent audits of 54 “spreadsheets found that 49 (or 91%) had errors, according to research by Raymond R. Panko, a professor at the University of Hawaii.”
Identify which parts of each job are profitable and which ones aren’t.
If you manage jobs by just looking at the overall billing versus cost, you are probably leaving money on the table. The best estimating systems are based on prior job histories. If you don’t know your costs and profitability by item, how can you use them to estimate?
Implement an integrated purchasing system.
Have you ever paid the same bill twice? Have you paid more for an item than you contracted to pay? Only the estimator deals with the job at the lowest level. Since most purchasing is not done by the estimator, items are missed or ordered wrong, resulting in employees running to the supplier to pick up the items that were missed. This means money wasted on unnecessary labor, higher prices, and more confusion on the job site.
Capture all change orders, knowing their cost, and billing for them.
Change Orders typically represent between 1 and 5 % of total construction costs on a job. Each change to scope also affects the productivity for the other aspects of the job. QuickBooks lumps all of the change orders together in one total amount. If you aren’t getting a signed Change Order approval for each change, you are not billing for your additional costs.
Capture all costs for a job so that when billing Cost Plus or Time and Materials you are not missing items.
T&M and ‘cost plus’ is great if you know what it is. One of our clients said, “We were giving away tens, if not hundreds of thousands of dollars every year because of not tracking time and materials right. That in itself paid for all of the software and all of the computer upgrades that we had to do to get Master Builder up and running just in the first six months.”
Avoid costly equipment repairs by being alerted when service is due.
Equipment maintenance is a necessity, not a luxury. Missing fluid changes, scheduled overhauls, and filter changes not only shorten the life of your equipment but increase the costs of your projects. How much did you spend on equipment repair in the last year? Would some of that have been prevented if your mechanic had been alerted to everything that needed to be serviced and when?
Allocate Workers Compensation based on the higher classifications only for the time they work under those classifications.
The difference between paying an employee’s workers compensation at the highest rate they work under and paying that rate only for the time they actually perform that work will result in significant savings on the insurance premiums you pay.
Eliminate time spent tracking information outside of your system in spreadsheets and reentering information between separate systems.
The probability of a data entry error ranges from 2 % to 27 % based on the person performing the data entry. Each hour spent re-entering information into another system or worksheet is an hour wasted. Time is money and there are only so many hours in the day.
Joint check generation and lien release generation protects you against claims from Subcontractors failing to pay a supplier.
Just one claim from a supplier that hasn’t been paid may be enough to pay for your purchase of an integrated software system. Everyone knows that in a claims situation whoever has the most paperwork wins. Easily generate RFIs, Change Orders, Daily Log Reports, Lien Releases, Joint Checks and more without the extra effort.
Eliminate paying an accountant to review and compile your financial statements monthly or quarterly.
Looking at your financials on a quarterly basis is like looking in your rearview mirror 1 mile after you passed your destination. Jobs may have started and finished in the time frame you are waiting to find out if your company is profitable. You might be out of business and not even know it.
Take a Test Drive!
Let Mark Jensen, LAI’s Sage 100 expert walk you through a quick demo to show you the Sage 100 will help your company grow to the next level!