Construction Materials Tracking Software

Part
01
of two
Part
01

Construction Materials Software Market: US

The construction management software market is estimated to grow by $724.8 million at a CAGR of 9% from 2020 to 2024. The cloud-based segment is expected to take the major share of the market thanks to wide adoption from small businesses and startups. These and other findings are outlined below.

Construction Management Software Market Size and Growth

Market Drivers and Trends

Major Players and Top Software

  • The market report names the major players as Autodesk, Bentley Systems, BuilderTrend Solutions, Computer Methods International, ConstructConnect, Odoo, Oracle, Procore Technologies, Sage Group, and Trimble.
  • BigRentz listed the top reviewed construction management software in 2020 as Procore, CoConstruct, BuilderTrend, ProjectSight, RedTeam, Quick Base, Projul, PlanGrid and Sage 300 Construction and Real Estate.
  • According to BigRentz, the best construction management software provide end-to-end solutions for RFIs, compiling data, sharing files, mobile deployment, budget, document drives, payroll, HR, inventory tracking and project management.
  • The most popular construction management software solutions also have capability for integration, scalability, customization, and upgrades among others.

Construction Management Tech Landscape

  • SelectHub interviewed construction management experts for their insights regarding the technology landscape for the industry.
  • One key takeaway is that the industry is moving towards digitization in spite of older construction companies hesitating to switch from manual management.
  • Sage VP Dustin Anderson shares, "A lot of times, [contractors] look at it and say, ‘All right, I have $100,000 to spend. Should I buy a new piece of equipment or should I invest in technology?’ So it’s a difficult battle to win."
  • However, large construction enterprises are starting to look for automation solutions and technology-powered management.
  • Construction contractors are also looking forward to using advanced technologies such as RFID tagging and equipment tagging to digitize materials tracking.
Part
02
of two
Part
02

Construction Materials Software: Competitive Analysis

PASKR and ProjectSight are two construction materials tracking software that are used by construction project managers. PASKR and ProjectSight each have four features, including a daily report that tracks equipment, supplies, and materials. Additionally, this report also includes details about the six construction materials tracking software that were previously mentioned.

PASKR

  • "PASKR is a cloud-based construction management solution" that allows users to create and track projects.
  • PASKR has four features: Pre-construction, Project Management, Field Management, and Accounting.
  • The Pre-construction feature allows users to upload and store drawings, upload multiple files, share sub bids, build estimates, and create proposal packages.
  • The Project Management feature allows users to create contracts and purchase orders, log and track orders, schedule field activities, track change items and submittals, track open and closed RFIs, assign and track tasks, allot meeting minutes, and create and send reports.
  • The Field Management feature allows users to use their phones to connect seamlessly from the office to the field, attach photos, track time for employees, submit expense field exports, and "track open and closed punch out items."
  • The Accounting feature allows users to connect bills directly to the account software, avoid over billing, change orders, customize waivers, submit expenses, track PO's, submit orders directly to vendors, and "track all job costs." PASKR's Accounting feature also has four integrations that syncs budgets and job costs to avoid duplicating entries, as well as synchronizes projects, timecards, and orders.
  • PASKR's Daily Log, which is part of the Field Management feature, tracks all the details in a project such as the equipment and materials used, the labor force on the job site, communication among everyone who is involved in the projects, and a log of the job site events. The Daily Log tracks equipment based on the date it was used, which equipment it was, information on the vendor who used it or owns it, and the date the equipment was returned.
  • According to PASKR, more than 400,000 construction professionals use the software, including Conseco Group, DWC Construction, Warner & Associates, Flow Construction, and Haworth Inc.
  • To date, PASKR has managed more than 49,000 contracts and has had over 9,000 projects built on its software. PASKR's estimated annual revenue is $6 million.

ProjectSight

  • ProjectSight is a construction software application that launched in 1978. It helps project managers maintain construction projects "from a single-source" to avoid risks and deliver work "on-time and on budget."
  • ProjectSight has four features: Budget and Cost Management, Document Control, Field Management, and Field Productivity.
  • The Budget and Cost Management feature gives a complete overview of the project's "financial health." It manages invoices, creates contracts, oversees potential risks and changes that may impact the project's budget and schedule, and tracks all supplies, equipment, and materials that are purchased for a project.
  • The Document Control feature allows users to manage meeting agendas, share documents and submittals, assign tasks, track completions, and send contracts.
  • The Field Management feature allows users to create an unlimited amount of checklists, track work, handle events and additional assignments, create reports about materials, equipment, and labor, and record safety violations on a job site.
  • The Field Productivity feature allows users to take photos and videos on the job site, record punch items, work offline, access project drawings and plans on the field, and assign tasks.
  • ProjectSight's Daily Report, which is part of the Budget and Cost Management feature, tracks equipment and materials that were used by various companies on a job site. On the report, project managers can select which equipment was used on the job site, how many hours it was used for, and which company or crew used it. The report also allows users to create revenue codes, as well as customize widgets that track contracts and workflow statuses.
  • ProjectSight hasn't released the number of times it's been downloaded, but Capterra estimates the application has more than 1,000 users. Additionally, while ProjectSight has not announced the amount of sales it has generated, its owner — Trimble — had a revenue of $3.27 billion in 2019. ProjectSight also received a 4.3 star rating out of 5 on Capterra.

Additional Construction Materials Tracking Software

eSUB

  • eSUB offers cloud-based solutions for project management (eSUB CORE) and mobile workforce management (eSUB Time).
  • eSUB CORE's daily reports feature allows users to track construction materials (types and quantity). Every data captured in the software can be "measured and tracked to deliver data-driven insights." For example, when a foreman records the amount of material installed, eSUB will push that data to a material summary report for a project manager to track against the amount of material ordered.
  • A site scheduling function can be added to eSUB CORE. Its features include critical path method scheduling, tasks and dependencies management, and progress tracking.
  • The purchase orders feature can also be added to help users track and approve purchase orders, compare estimate costs and actual costs, and review payment status in real-time.
  • eSUB has recorded a sales growth of 294% from 2015 to 2017 (the latest growth data available).
  • The company's estimated annual revenue is $3 million.
  • eSUB has raised $20 million in funding to date.
  • eSUB's solutions are used by thousands of trade contractors in the United States and Canada.

INDUS.AI

Materials Tracking Software from Strategy

  • Sortly is an app offering "the simplest construction inventory software ever" with 1000s of companies worldwide trusting their services. Sortly’s software offers a simple and powerful tool for "construction companies, contractors and service providers of all sizes," with a visual system, an in-app scanner, stock alerts and reminders, and more, making it easy to track inventory and details such as price, location, quantity, and more.
  • Sortly's design and operations "make the inventory process more accurate, effective and cost effective." The app has a 4.8 star rating out of 5 on Reviews Pilot.
  • Pacific Timesheet also offers job materials and supply tracking software allowing users to "record and track the entire life cycle of materials, from receipt at the job site, through transfers, use, loss, damage or theft." The software has a 4.7 star rating out of 5 stars on Capterra.com, with ease of use and customer service being the top stated benefits.
  • Ez Office Inventory also offers "Construction Asset Management Software" that manages and tracks all sizes of tools and equipment throughout construction sites, allowing assets to be managed from "procurement to retirement by tracking POs, depreciation, stock, and lifetime costs." Valuable assets such as vehicles and consumable stock like raw materials can all be tracked and managed from one space, with the ability to generate reports with ease. They have served major clients such as Schnieder Electric and AECOM and have high ratings on Google, Apple, Capterra, and G2 Crowd.
  • Intelliwave Technologies offers material location and inventory in real-time. They provide sensor tracking by simply "adding barcodes, active RFID and GPS sensor technologies to SiteSense® software for accurate material identification and location automation." They state that their products are "global and award-winning Web and Mobile-based software solutions for identification and tracking of construction materials, equipment, and tools on all sizes of industrial, infrastructure, and buildings projects," and they were recognized as one of CIOReview’s 20 Most Promising Construction Tech Solution Providers’ for 2019.
Sources
Sources

From Part 02