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iTWO costX

Score9 out of 10

4 Reviews and Ratings

What is iTWO costX?

CostX is a construction and estimation software offering from Exactal Technologies Pty Ltd.

Categories & Use Cases

Media

BIM takeoff in iTWO costX
A modern and user-friendly interface.
Live-linked workbooks in iTWO costX
2D takeoff in iTWO costX
Customizable report writer in iTWO costX
Interoperable with many platforms and file types

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Top Performing Features

  • Standard reports

    The software offers pre-built reports with metrics standard to the category.

    Category average: 7.9

  • Data exportability

    Data can be exported via a CSV or Excel file for further reporting and analysis outside of the tool.

    Category average: 8.1

  • Plan distribution & viewing

    Users can compare different versions of plans, and view live updates/revisions to plans (usually from a mobile device in the field).

    Category average: 8.4

Areas for Improvement

  • Cost calculator

    Application that calculates cost of estimated quantities and materials, typically within spreadsheets.

    Category average: 7.5

  • Bid creation

    Allows users to use bid packages or templates to quickly and efficiently create bids based off of cost estimates.

    Category average: 7.8

  • Custom reports

    Users can create custom reports.

    Category average: 7.7

Good Product for all Construction Need

Use Cases and Deployment Scope

My Firm is service-based and we support one client based in Chicago. They have a Legacy system to Estimate the cost of construction, another tool for surveying, and others for contractors and sub-contractors. With the help of iTwo CostX, all the above-related departments come under one roof. And easy to manage the users. iTwo CostX not only helps them with Cost Estimation for other departments such as survey, contractors, and sub contractors management.

Pros

  • Good Point to Point Estimation
  • Site Plan Lay out on Desk top
  • Quote Producing
  • Bill of Quantity

Cons

  • 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.

Return on Investment

  • 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.

Alternatives Considered

QuickMeasure OnScreen and Foundation Software

Other Software Used

Foundation Software, QuickMeasure OnScreen, SharpeSoft Estimator

Easily the best estimating software for general contractors!!!!

Pros

  • 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.

Cons

  • Display your cost element summary(labor, material, sub, equipment, other) before you get to reporting.

Return on Investment

  • The software is a better value compared to Timberline & On-Screen Take-off combined. We are calculating a 6 year ROI.

Other Software Used

On-Screen Takeoff, Sage Estimating