Top Contractor Construction Management Software
that are affordably priced:
• Trimble ProjectSight
• Viewpoint One
• CoConstruct
• Jonas Premier
• eSUB
• Fieldwire
COVID-19 changed everything. Prior to a global pandemic, the construction economy worldwide
had benefited from a long "bull-market" run of growth and stability. For contractors, owners and
design firms, the market expansion took the form of ambitious projects and rapid adoption of
technology to expedite project delivery. Technology firms responded to growing demands on
productivity improvements and a renaissance of new capabilities hit the market.
However, some technology firms chose to push the upper limit of pricing for these new tools
by taking a slice of the growing profit margin of contractors. With an abundance of construction
projects and "introductory" pricing offered by technology vendors, the construction industry
barely blinked as they consumed more software subscriptions. However, as contractor
profitability erodes amidst the COVID-19 impact and a slowing of the construction economy,
what was once a 2.8% to 3.2% project profitability margin is now facing downward pressure.
Amidst this pressure, it is hard to argue for sending 0.5% to 1.0% profitability margin to a tech
vendor in exchange for the use of construction project management software. When considering
a project management solution provider, buyers of construction technology should consider
core capabilities they actually need versus the price trade-off for all the bells and whistles
you can live without. Prioritize your needs such as budget and cost management, document
management, and field management and look for solutions that fulfill those needs at 35% less
than the leading solution.
05
Pricing For Today's Construction
Economy
Before you renew your subscription, stop and ask yourself what you need and are using today.
Prioritize your must-have capabilities and then begin your search. As you speak with vendors,
insist on saving costs compared to leading competitors. Chances are you will be able to.
ACTION:
5 Factors You Must Consider in a Project Management Software Provider
