Construction Progress Estimates: Establishing a Cost Control System

It is seldom that the original bid estimate to perform a particular construction activity is the same as the actual cost to do the work. It will always be higher or lower because of any number of unforeseeable factors. It is essential, therefore, if a contractor is to make a profit, to keep current on a project’s cost by maintaining a reliable cost control system. Changes in labor wages or productivity, labor shortages, increased cost of materials, delays in deliveries, accidents, weather conditions, etc., will affect both the cost and the original schedule.

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Minitab® Statistical Software

Improve the quality of your goods and services with the leading statistical package used in Six Sigma programs worldwide. Minitab Statistical Software contains all the methods you need to analyze your data in one easy-to-use package. Thousands of world-class companies use Minitab, including GE, 3M, Ford Motor Company and the leading Six Sigma consultants.

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Spectrum Construction Suite

Spectrum Construction Suite includes 30 integrated modules that handle project management, construction accounting, service equipment management, human resources, document imaging, remote connectivity and data sharing. Companies that use Spectrum Construction Management Software report that they have grown their businesses by more than 300 percent without adding accounting staff. Our construction management software serves the needs of operations, financial departments and senior management.

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