GeneralCOST Estimator for Excel vs. iTWO costX

Specific scenarios where GeneralCOST Estimator for Excel is well suited include:

• Small to medium sized contractor who typically works on small to medium sized projects with limited complexity
• Contractors who value low prices over full functionality (this software application is very affordably priced)
• A new contractor or new contracting accounting / finance professional who would appreciate the specific limitations imposed by the software

Specific scenarios where GeneralCOST Estimator for Excel is not well suited include:

• Larger contractors who think about and price projects in line with typical commercial design and construction
• Residential projects (the software is much better suited for commercial lease buildouts, for instance)
• A contractor whose finance department already uses full-suite accounting software

Incentivized

Easy to use, one-stop for all construction-related tasks. The best thing is the split-screen, during the Bill of Quantity verification users can see for what part of the design Bill of Quantity is generated. Auto-updating of Design is another good feature.

Incentivized

• Convenient estimating
• Streamlines the price quotation process
• Standard cost application
• Overhead calculation and pplication

Incentivized

• Allows multiple users to work on the same estimate at once. This is huge!! Not only can we team up on a project that has a quick deadline but we can also simultaneously collaborate on database updates.
• Performs your takeoff on CAD drawings or vector PDFs. Your typical takeoff software does takeoff on an unintelligent PDF. I say unintelligent because the process you go through is simply to trace the boundaries of your shape. This is time-consuming and can lead to mistakes. With CostX your cursor will stick to the line lines and takeoff the exact measurement. This has cut our takeoff time by 75%. The best part is that this is done in the same software as your estimating software. There are a few software's that have takeoff and estimating in one but CostX is the only one the provides CAD smart takeoff.
• CostX is a lot like Excel. You have the flexibility to set up your workbooks the way your project team thinks. For example, ours is set up to evaluate labor in two ways; productivity (man-hours per widget) or crew hours (3 guys for two days for a given activity).
• Reports are very flexible and the report writers is much easier than Crystal reports.
• If you subscribe to the full version of CostX this provides the most powerful feature of them all......Auto-Revisioning. This function will compare two sets of drawings, identify the changes on a color coded drawing, ask for you to approve the changes and then update your estimate and takeoff. You can even use this to produce custom print outs for RFI's show your design team what changed.
• Your estimating workbooks are live-linked to your takeoff. As you make adjustments to your takeoff your estimate updates accordingly. The workbook has color coded text to hep your team understand whats behind your estimate; Black = manually input, Blue = rates linked to database, and Green = quantity linked to take-off.
• Full integrated subcontractor comparison. We use to do this in excel to compare multiple bidders across every division.
• This is also color coded for a streamlined review process; green = quote, blue = estimate, purple = plug, and orange = other.
• Built in error checking notifies you if you forgot to normalize an item on your subcontractor comparison.
• In the near future the software will be available online allowing you to use remotely.

Incentivized

• Only CSI construction cost database data
• Only works with Microsoft Office (Excel)
• The online help system has limited functionality

Incentivized

• iTwo Costx has 3D features that may require enhancement in terms of Look and feel perspective.
• The eye Function section view feature may require enhancement. But I am not sure how much more we can bring it to scale
• Not seen Cloud base service. So that easy to use from any where.

Incentivized

GeneralCOST Estimator for Excel is cheaper, easier to use, more streamlined and is easily installed and up and running. The flip side to the ease of use is the limited functionality, somewhat outdated cost bucketing profile and general lack of sophistication. The add-in also does not talk with full suite accounting software which requires additional reconciliations if used within a large organization.

Incentivized

We are not aware of another software that has fully integrated take-off, subcontractor comparison, estimating and reporting besides CostX.

Incentivized

• Allows us to quickly bid on small projects
• Allows us to pay less for accounting / finance professionals
• Allows us to standardize our cost structure

Incentivized

• Easy to Collaborate Between the Team members. Saves a lot of work
• Integrate with multiple types of data drawing which saves efforts in converting the design.
• Bill of Quantity export can be done based on the Design section and can share with contractors for Quotes. Instead of just downloading the whole report and then editing for the required pack.

Incentivized