Feeling lost in the labyrinth of construction software cost? Don't worry, you're not alone. Construction software isn’t just a simple online purchase; it often comes with unexpected expenses that can completely derail your budget.
Differences in project scale, typology, and area bylaws make selecting appropriate construction Management software incredibly difficult and can drastically affect costs and pricing methods. So, when it comes to construction software pricing, it’s hard to get a straight answer.
This guide is designed to help you navigate the world of construction software and avoid getting swindled by hidden costs like training and data migration fees. It’ll break down the types of software available for construction cost management, pricing models, and the most common pricing tiers for construction tools. Additionally, it will address the costs of initial implementation and the price of growing your business down the line.
Most construction management systems are priced on a subscription model and do not require the purchase of a license. Instead, users pay a monthly or annual fee based on the plan they have selected.
The monthly cost of construction management software ranges from $44 and $2850 per contractor. Businesses can expect to pay anywhere between $299 and $9900 per month for additional contractors and advanced functionality.
Pricing tiers for construction software are divided based on the number of contractors and the available program features. They generally include three types of plans:
- Essential Plan – Usually includes standard features for project scheduling, with multiple views, time-tracking integrations, and dashboards for real-time insights. Basic budget and cost-tracking features help generate invoices and track expenses
- Advanced Plan – Higher tiers for construction software may include allowances for larger teams along with features for document management, budget, and cost tracking
- Complete Plan – Advanced or enterprise plans often cater specifically to the demands of large teams and organizations. They may support a high degree of workflow customization
Naturally, the Complete plan is the most expensive due to the superior support and features it provides. For instance, Buildertrend software has three pricing models, such as Essential at $499/month, Advanced at $799/month, and Complete at $1099/month.
Construction management software cost depends on many factors, including the size of a business, features included, and number of building projects to be overseen. For instance, an increase in the number of users ends up decreasing the per-user cost. These small details are sometimes overlooked when considering the price of software.
Asking the right questions can provide you with clarity regarding your company's needs, thereby letting you budget accurately. Some of the question that you must ask include:
- What is the size of your business?
- Are you running an enterprise or a small-scale startup in the lift-off phase?
- Are you a solo contractor or a team of contractors?
- What kind of features do you need in the software?
- What does your software need to achieve for your project(s)?
- Is a subscription-based model more suitable for you or a long-term (annual/semi) plan?
- Do you consider the 'demo' experience pivotal to your eventual buying decision?
- Does a free option – with its limited functionality – work better for you?
Due diligence in understanding these factors can help you decide which option is more suitable for your business. For example, CoConstruct software has pricing packages ranging from $99 to $699 per month, depending on what features you choose to work with. So, your specific needs and requirements are paramount in determining which construction software plan is best suited.
When comparing prices for construction software, there are four basic pricing models: perpetual license, subscription license, open source, and free software. You may already have a fundamental knowledge of these alternatives, but let's examine the complete upfront, recurring, and hidden costs of each.
Perpetual License
A perpetual license comes with a one-time upfront fee that users pay to purchase a license for use of the software. The fee is often on a sliding scale and tied to the features included. Some perpetual licenses are also priced per user, so the size of your team will impact the overall price tag, although this is not always the case. For example, WinEx software's upfront cost starts at around $4,950.
Regarding perpetual licenses, it is important to note that the one-time fee may not include annual upgrades or technical support. Perpetual licenses are a good investment for well-established companies who want to invest in a particular software and reap the benefits of long-term savings. Teams should consider the maintenance burden of such software before making their decision.
Subscription License
The subscription license model is the most popular type of construction pricing plan. Because of its low upfront cost, it works best for small or medium businesses. Trimble Accubid Anywhere SaaS-hosted estimating software offers a subscription-based model.
These plans come with a recurring subscription fee and are priced per user. This makes them incredibly convenient for growing businesses as subscription plans support scalability, and teams can always upgrade from a lower to a higher feature plan.
That said, subscription plans may come with additional costs like implementation fees, as well as fines for exceeding storage limitations. If you decide to move from one software to another you may also incur data migration fees depending on the vendor’s policy.
Open-Source License
Open-source construction management software offers a unique approach. It is free to use, alter, and distribute with no associated costs. While open-source tools are a good free option for small teams to explore, they offer limited features that cannot support complex projects. Additionally, unexpected expenses may include installation, training, and hardware costs.
Free Construction Software
Free software like FieldWire provides a basic plan for startups or teams with a limited budget. These plans offer access to simple management tools to improve coordination between the project teams, contractors, and subcontractors. However, there are no replacements for advanced software with a subscription or perpetual license.
Construction management is a broad term that covers a wide variety of software that can be used separately or in tandem depending on your team’s needs. We’re going to cover a few major options, so you know exactly where you stand in terms of expenditure.
Construction Management Software Cost
Construction management software is an all-in-one solution that covers task collaboration, document management, budget and project tracking, scheduling, communication tools, and reporting. Popular Web based construction management software includes BuilderTrend, Procore, and Houzz Pro.
- Average Cost - $500 per user/month
- Price Range - $20 to $2,000 per month for additional users and advanced features Perpetual licenses, ranging from a few thousand dollars to tens of thousands, are also available, depending on the vendor and features
Construction Accounting Software Cost
Construction accounting software is designed to streamline construction-specific finance management tasks. It often includes features for project costing, job costing, budgeting, payroll management, lien waivers, and integration with existing systems. Popular construction accounting software includes Foundation and Jonas Enterprise.
- Average Cost - $350 per user per month
- Price Range - This can vary depending on the complexity of features. Basic options might start around $100 per month, while enterprise solutions with advanced functionalities can reach tens of thousands of dollars per year (perpetual license) or per user per month (subscription)
Construction Takeoff Software Cost
Construction takeoff software helps create accurate estimates for construction materials, labor, and equipment costs. It allows users to upload blueprints, perform take-off calculations (the quantities of materials needed), and generate detailed reports. Popular software in the construction estimating category includes CoConstruct and Trimble Accubid Anywhere.
- Average Cost - $590 for Takeoff software
$140 for Estimating software - Cost Range - Entry-level options with basic features can start around $20 per month, while advanced plans with integrations and detailed cost databases can reach several hundred dollars per user per month
Building Information Modeling (BIM) Software Pricing
BIM software supports technical analysis on 3D models of buildings and infrastructure projects. It facilitates collaboration among architects, engineers, and contractors, improves design coordination, and helps identify potential issues before construction begins.
- Average Cost - Varies depending on complexity and features. Individual user licenses can range from $120 to $1,000+ per month
- Cost Range - BIM software can be expensive, especially for large-scale projects. Enterprise solutions with advanced features can cost tens of thousands of dollars per year (perpetual license) or per user per month. Perpetual licenses may range anywhere from $2000 to $4000
Construction Bidding Software Pricing
Construction bidding software solutions streamline the bidding process for construction projects. A bidding software allows contractors to manage bid invitations, create proposals, track submissions, and collaborate with subcontractors. A popular option for construction bidding electrical companies is Electric Ease software.
- Average Cost - $435 per user per month
- Cost Range - This can vary depending on features and the number of projects bid on per month. Basic options might start around $120 per month, while advanced software with features like prequalification tools and bid automation can reach $300 or more per user per month
It is important to note that these are estimated average costs and ranges based on industry research. The actual cost for your business will depend on specific software features, the number of users, the chosen pricing model, and vendor negotiations. It's crucial to carefully evaluate your needs before making a purchase decision.
Contact Software Finder for a specific quote based on your business’s needs.
Additional costs associated with construction software can include:
- Onboarding: While some vendors may offer free online training tools, complex software may require extensive staff training. To prevent costly downtime, you may find it advantageous to hire a professional to ease the transition and train your employees as quickly as possible
- Data Migration: Exporting client data from your old software to the new system may come with a significant fee depending on the software plan
- Maintenance: Your subscription or licensing plan may or may not cover upgrade and maintenance costs. These hidden expenses can impact the Return on Investment (ROI) your software was designed to generate
- Hardware: Depending on your office system and the needs of your construction software, you may need to invest in infrastructural upgrades
Having a clear picture of your requirements is paramount before exploring specific software options. Criteria like company size, project complexity, required features, etc., must be considered when choosing a license. Don't forget to respect your overall budget and long-term plans for the software of your choice.
With careful planning and a full grasp of your needs, you increase your chances of finding a software solution that streamlines your workflow. Software Finder can help you find software that meets your needs and fits your price range. Our experts can help you categorize software based on features provided, pricing models, or which ones are rated highly among customers.