How construction professionals manage project budgets can vary drastically based on location, resources, business size and more. While it’s up to you to determine what cost management methods work best for your business, there are a few main components of cost management that are helpful to think through:

• Do you have a solid pricing plan and plan of operations?
• Have you built a team of quality workers you trust?
• What are the communication channels you plan to use and have you aligned with team members, clients and vendors on how they should be used?
• Have you instituted a process for project documentation (estimates, change orders, daily logs, invoices, etc.)?
• Do you have a system to track all time and expenses incurred through the duration of a project?

With so many construction professionals looking to digitize their business, there are many types of cost control software in construction that you can choose from. When looking for software that suits your needs, be sure to consider the following features:

• Collaboration Features: Good construction budget management software helps you keep projects moving, but great software helps you execute the best possible project for your clients by increasing collaboration across everyone involved while keeping budgets on track. Be sure to look for construction budget tracking software that makes it easy to share files like estimates and change orders. 
• Client Transparency: If your goal is to create the best customer experience possible, you should look for construction job cost tracking software that helps increase transparency with clients. Look for tools that have client portals where they can see estimates, change orders and more. The more they can answer their questions on their own, the better they’ll feel (and you’ll have more time to focus where you’re needed most).
• Project Analytics: Your construction project cost tracking software should help you answer questions about your business that you weren’t able to answer before. Make sure you understand which people or projects are most profitable so you can continue to prioritize similar projects when they come through your lead pipeline. This information should be available in a digestible format like a dashboard so it’s painless to find the insights you’re looking for.

Houzz Pro’s cost management software for construction comes complete with all of these features and more. Try a demo to see for yourself.

With a subscription to Houzz Pro’s construction expense tracking app, you also gain access to these tools built to help you keep track of every cent and get paid faster:

• QuickBooks Online integration
• Financial reporting
• Online payments
• Advanced invoicing access

You can find more information about what features are included with each of our plans here.

When you subscribe to Houzz Pro’s construction project cost tracking software, you gain premium access to our support team. That means you get an exclusive phone number that directs you to an onshore team member and you get pushed to the top of the queue.

You also get personalized on-demand onboarding support, showing you how to properly use the specific features you want, when you want, to help get your business up and running with Houzz Pro. We also have a wide variety of help articles available in our Help Center and in-depth how-to videos on our YouTube channel.