Cost control of construction is becoming increasingly complex. This is not surprising in itself; modern construction projects have many different facets which bring a rich and diverse set of financial issues with it. However, effective cost management therefore requires more than ever a detailed, current picture drawing on all available information available.

Building software is an indispensable tool in this area. Modern building software brings together large amounts of data presenting it in an orderly manner for easy access by all parties. The mobile platform will have an increasingly important role as the versatility and accessibility of the smartphone is particularly suited to exploitation of the excellent opportunities for the further development of construction software.

The future of construction software

 

Construction cost management is a dynamic area – indicators and indices change regularly. Do you want to access them? Do you want to have clear, immediate insights into the developments available that are relevant to your project? The app is therefore in this sense an important addition to existing construction software; this application provides mobility and ease of use in situations where more traditional building software is not always practical or available.

All users, regardless of location or time have direct access to the right information and insights- . The current databases and information resources offered to the smartphone via mobile software creates a real time reference for construction cost questions This construction software is and will be developed further and enhanced so in the future not only will it be more accessible but also even more versatile.

The future

The more knowledge you have of your building project, the more control you will have over the outcome. The latest generation of IGG construction software supports you in both areas with valuable, current cost information. Our Construction cost – App was developed with an eye to the future; our goal is to continue to connect with the functionalities of modern online technology. capabilities of existing tools and building construction cost software

Innovation offers, in our opinion the best opportunities for the future with greater accessibility, more practical functions and greater scope for other inclusions.  We will therefore continue to develop the App and you will continue to have an ever more useful product.

 

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The construction economy is exceptionally dynamic. Prices of raw materials, labour, regulatory costs, energy fluctuate quarterly – sometimes barely, sometimes strongly, seldom down! This economic uncertainty can have a major impact in the construction industry and the continuous changes in the price level making it more difficult to control costs especially in large scale and long term and complex projects

To limit potential financial risks a clear degree of foresight is required.  This means accessing construction cost indices but are they up to date, realistic, have they been interpreted correctly? Can you have confidence in them and can a workable prognosis be made to prepare for the future? But how does this work? What types of indices are used in construction and what do they do?

How can indices support the cost of construction?

Current indices of construction provide planners, project managers and clients with the understanding how the costs and benefits of specific building types develop. For this purpose there in practice two types of indices used: the tender index and the construction cost index. Both types of indices are relevant for construction – they allow each side of construction costs to be presented together to provide a complete picture of construction economics in the Netherlands.

The construction cost index brings indices on the purchasing side of the building together and tries to show the development of labour, material and other procurement -related cost as a complete picture. The tender index shows conversely what price contractors charge for the realisation of projects. Clients may, on the basis of these indices of construction better determine what prices and trends are prevalent.

Sharper image, sharper control

Construction projects are becoming increasingly complex, while the modern economy leaves less and less room for cost overruns. With the correct use of recent indices of construction you can easily create a clear picture of the cost situation of a construction project. The result is a better, clearer understanding and overview, so you keep an increased, focused control of the results.

Are you looking for the latest indices of construction, or do you have specific questions about cost indices and indicators? Please look at www.bouwkostenindex.nl and ask for a free copy of the Handbook for the Built Environment – or contact the consultants IGG.