Project cost control
CONSTRUCTION COST MANAGEMENT SOFTWARE
Always stay on budget and maximize project profits
Streamline tax calculations, reporting, and submissions ensuring full compliance of your construction business with UAE regulations for VAT and Corporate Income Tax — one of the best cloud-based, FTA accredited solutions.
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ESTIMATE
Improve the accuracy of project bids
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Create BOQs and generate precise project estimates using templates and past project data
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Generate RFQs and compare suppliers to secure the best prices through project cost management
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Get automated costs and overheads calculations based on material and labor inputs
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Create and revise quotations keeping the whole history within cost control software
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ALLOCATE
Streamline project cost allocation
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Record and categorize expenses according to predefined budgets using construction cost control management
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Automate allocation of all costs including overheads to specific projects, project phases, departments and cost centers
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Report and analyze project costs by category or department to optimize expenditures
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CONTROL
Align purchasing with project budget
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Link site requisitions and purchase orders with project budgets
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Get real-time updates on billing statuses to quickly identify and address budget variances
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Set up approval workflows to ensure that all requisitions and purchase orders are reviewed and approved in accordance with budget constraints via project cost management
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ANALYZE
Understand financial performance
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Get a detailed view of revenue and expenses via Profit & Loss reports specific to construction projects
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Compare budgeted versus actual figures right within P&Ls
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Identify profitable projects and areas where costs can be controlled based on real-time data
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Create and export reports tailored to your specific needs powered by construction cost management tools
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TRACK & PLAN
Avoid cash gaps and keep projects liquid
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Generate project-specific cash flow statements that reflect all income, expenses, and cash movements associated with a particular project
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Get real-time updates to monitor the cash position of each construction project continuously
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Use construction software to plan future cash flows based on current data and ensure projects remain financially viable
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Achieve your goals with these features
Here are FirstBit ERP tools and reports to enable better cost control of construction projects.
Estimating based on BOQ
Upload or create BOQs and make estimations by BOQ lines using templates within project cost management
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Project cash flow plan
Create detailed project-wise cash flow forecasts to ensure sufficient liquidity.
Overheads calculation
Automate the calculation of project overheads as per cent from direct costs.
Project cost allocation
Allocate costs of all types (materials, labor, equipment, subcontractors, overheads) across projects and departments.
Project completion analysis
Evaluate project performance, comparing costs, timelines, and resource usage against initial estimates.
Project P&L
Generate profit and loss statements for individual projects to assess financial performance and profitability.
Budget variances
Track and analyze differences between budgeted and actual costs to identify areas of overspending or savings.
Project costs analysis
Get in-depth analysis of all project-related expenses by category across activities and tasks.
Project progress report
Monitor project progress with detailed reports, tracking milestones, tasks, and overall completion percentages.
Project graphs
Visualize project data with graphs and charts, providing insights into costs, cash flow, and resource usage.
Electronic approvals
Ensure timely approvals of requisitions, purchase orders, estimates, budget variances, time cards, etc.
Explore our solutions for project cost control
Multiple projects are running in a company, and we cannot predict that there are losses coming until we get the proper report. In this software, we are getting, data, it's already, it's coming in a loss or it's near to our budget so we can take a proper decision on time. That is the key reason I'm selecting this software. I need a live report.
Martin Jose
Partner at Southern Interiors
Frequently asked questions
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What is construction project cost control software?
What costs can be tracked with FirstBit ERP?
Is there a multi-level approval system in FirstBit ERP?
Can FirstBit ERP handle complex cost allocation across multiple projects or departments?
What reports can I generate with the FirstBit project cost control module?
Does the software support cash flow forecasting for construction projects?
How does FirstBit ERP handle changes in project scope or unexpected costs?
Can we calculate the cost performance index in FirstBit ERP?
Can FirstBit ERP import project BOQs?
How to calculate project cost formula?
Don't find an answer? Meet our expert to get a detailed quote.
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See FirstBit ERP solutions in action
Discover how our system solves the unique challenges of contractors in a personalized demo.
After the demo you will get a quotation for your company.
After the demo you will get a quotation for your company.
