3 Ways to Increase Accuracy Using a Live Cost Database (1Build)

In the fast-paced and often unpredictable world of construction, the accuracy of cost estimations is a cornerstone of success. Projul provides real-time materials and labor costs through our integrations with the #1 cutting-edge construction cost estimating software, 1Build. Here, we explore three key ways in which Projul with 1Build can be used to increase accuracy in construction cost estimations. Check out how using a live cost database, partnered with Projul can be a game changer for your estimating! 

1. Utilizing Real-Time, Localized Data

Embracing the Power of a Live Cost Database In Your Projul Estimates

1Build distinguishes itself by providing real-time data on construction costs, including materials, labor, and equipment. This live data reflects the current market trends and prices, which is crucial in an industry where costs can change significantly.

Benefits:

• Timely Information: Access to up-to-the-minute data ensures that estimates are not based on outdated information, reducing the risk of cost overruns.
• Localized Pricing: With data covering over 3,000 counties in the U.S., 1Build offers location-specific cost information, ensuring that estimates are relevant to the specific area where the project is located.

2. Comprehensive Database and Monthly Updates

Using a Rich Live Cost Database

1Build’s database is a treasure chest of information, tracking millions of data points and sourced directly from suppliers. This database is updated monthly, ensuring that the data remains current and reliable.

Benefits:

• Depth of Data: The broad nature of the database means that users have access to a wide range of cost data, and cover different materials and aspects of construction work.
• Supplier-Sourced Accuracy: The direct sourcing of data from suppliers adds a layer of authenticity and precision to the estimates. With Projul and 1build, you can ensure the accuracy of your material costs, and cut down hours on the phone or internet to get accurate pricing. 

3. Integrated Projul Estimating Software and Professional Services

Streamlining Estimation with Technology

The integration of Projul’s estimating software with 1Build’s live cost data platform streamlines the estimation process.

Benefits:

• Efficiency and Consistency: Projul with 1Build enables users to produce estimates quickly and accurately, reducing the likelihood of error.
• Protect your Profit Margins: With accurate cost line item estimates, you can be even more accurate with profit margins, and increase your overall profit.
• Save Hundreds of Hours with Easy Cost Maintenance: When using 1Build with Projul estimating templates, all costs can be updated instantly with the click of a button for a single template or across every estimate template that you maintain.

Conclusion

Using Projul’s estimating with 1Build offers a robust solution for improving the accuracy of construction cost estimates. By harnessing the power of real-time, localized data, maintaining a comprehensive and regularly updated database, and integrating advanced software with expert services, it provides an approach to precision in cost estimation. In an industry where margins can be tight and the accuracy of estimates can make or break a project. Projul with 1Build emerges as an essential tool for all construction workers. The construction industry continues to change, and embracing these tools will be key to staying competitive and successful. Check Out Our Live Construction Cost page.