ConWize

Estimating construction costs is a critical and challenging phase of every construction project, especially when the project is complex. In such a case, it is essential that all stakeholders—builder, project owner, contractor, subcontractors, and suppliers—collaborate to develop detailed cost estimates, schedules, and construction plans.

However, while construction cost estimation and bidding appear to be a single operation, they are actually a series of interconnected activities that include estimating, takeoff, subcontractor bid comparison, bidding, bid execution, and so on.

And in order to win a tender, all of these cost estimation and bidding processes must be carried out in a very organized manner. 

At the same time, the bid data must be accurate and error-free to boost the winning probability.

When the stakes are so high, it’s understandable that traditional tendering and estimating methods or excel spreadsheets will fall short. This is where advanced cost estimation and bidding software like ConWize comes in.

Introducing ConWize – Construction Estimating & Bidding Automation Platform

ConWize is a cloud-based Construction Estimating & Bidding Automation Platform software that digitizes and simplifies construction cost estimating. The solution is designed to tackle the construction industry’s complex issues, such as cost analysis and the tendering process.

Not only does the software assist contractors in collaborating with subcontractors and suppliers, but it also enables smart pricing at the most detailed level of bills of quantities. 

Besides that, all aspects of project cost estimating are fully computerized in one location, allowing for accurate examination of project pricing results, important metrics defined by the company, and real-time identification of potential errors.

Furthermore, ConWize Construction Estimating & Bidding Automation Platform enables a smooth transition from the tender phase to the project execution phase. The software encompasses a range of features and modules that ultimately assist project managers in efficiently managing the various stages of the project.

Let’s look at the key features of ConWize that set it apart from the competition.

Key Features of ConWize  all-in-one construction bidding and estimating software

Some features of ConWize's all-in-one construction bidding and estimating software that we particularly like or find unique are as follows:

1. A complete solution

The first thing we notice that sets ConWize apart from its competitors is that it is an end-to-end platform. The software is a collection of tools that streamlines and automates all aspects of cost estimation and bidding, such as cost estimation, quote generation, bidding, bid status tracking, execution, and delivery schedules.

Besides this, the software allows you to divide project scope or BOQ by work type easily and connects general contractors, subcontractors, and suppliers for improved connections and visibility. In addition, it automatically tracks response rates, win rates, and execution performance and seamlessly transfers winning bid prices to project BOQ estimates.

2. The best cloud-based solution

After thoroughly examining the product and its features, we can confidently assert that ConWize is the best cloud-based construction estimating and bidding platform available today. The platform allows you to access the system from anywhere through any device, sparing you from buying costly servers, specialized hardware, or complicated installations.

Furthermore, ConWize’s SaaS architecture allows contractors to easily access the most recent documents from anywhere on any system, letting them write proposals faster, attract more inquiries, and manage the tender backlog more effectively.

All these advanced features of the ConWize not only make it superior to on-premise construction estimation and bidding systems but also give it a competitive edge over other cloud-based estimation and bidding solutions available in the market.

3. Combined estimation and bidding

The third distinguishing feature of ConWize is that it combines construction estimation and the bidding process, which is rare in other contract estimation solutions. The advanced technologies used in the ConWize system further enhance tender dealing and increase winnability, saving up to 70% of your time by streamlining the construction estimation and bidding processes.

Integration of the estimation and bidding operations is beneficial, particularly when managing a large project that necessitates the preparation of bills of quantities containing hundreds of thousands of lines. Or, you truly realize the worth of ConWize when you have a long list of subcontractors in all the project-relevant fields you need to contact.

4. Rich data and reporting

Rich data and reporting are essential for any business because they guide your efforts in the right direction and help you refine your strategy. The ConWize system compiles all the data, such as the number and type of tenders you entered, the tenders you won and didn’t win, and the rates and the discounts you offered, and eventually provides detailed reports on them.

Later, using these reports, data, and analytics, you can assess performance in the field of tenders, analyze the outputs, and generate result-driven information that enables you to advance and become more effective. Besides, the platform lets you examine performance and winning percentages in relation to clients, job types, raters, and more.

5. Bid comparison

The fourth essential feature of ConWize construction cost estimating and bidding software is bid comparison. As we all know, manually comparing each bid is a time-consuming and complicated process. However, using ConWize, you can wrap up this operation quickly and efficiently.

The software allows you to send automatically generated inquiries to your subcontractors. Later, you can use the comparison feature that automatically compares quotes and highlights the differences in each row from various subcontractors and suppliers. At last, you can choose the best subcontractors and suppliers.

How does ConWize help you overcome the limitations of Excel?

Excel was the most popular and traditional way for contractors to carry out construction cost estimation activity before the invention of advanced tools and softwares such as ConWize.

However, although Excel is a useful tool for cost estimation, it falls short regarding accuracy, speed, and complex project management. This means that when your success depends on data accuracy, you can’t just rely on Excel spreadsheets.

Another significant limitation of Excel spreadsheets is that they do not offer the same level of visualization as construction estimation and bidding software. In a nutshell, Excel is not designed solely for the construction industry. 

On the other hand, ConWize construction cost estimating software is exclusively developed by construction industry specialists to address and overcome all of the limitations of Excel spreadsheets.

For example, this cost-estimating software can perform a wide range of formulas and possible calculations to assist contractors, subcontractors, and suppliers in estimating all costing factors, such as labor, material pricing, and so on. Not to mention that all these calculations are done automatically, eliminating possible errors.

Besides that, the ConWize construction bidding and estimating software allows you to sort estimates based on costs, material types, work volume, contractors, and other variables.

Tender backlog management is yet another significant Excel weak point that ConWize addresses. ConWize allows you to see which tenders are on the agenda at any given time. With this clear picture, you can eventually prioritize the tenders with the best chances of winning and respond to the contractors ahead of schedule.

Furthermore, the system saves the data and can easily be used to fill the following tenders, greatly reducing the time required to fill and send the next offer and saving valuable time.

ConWize clearly outperforms traditional construction cost estimating tools such as Excel regarding data accuracy, data security, process speed, and progress tracking.

Benefits of ConWize construction bidding and estimating software

The following are some of the most important advantages that ConWize construction cost estimating and bidding automation software offers to general contractors, subcontractors, and suppliers.

1. Smart cost estimation process

The first advantage that users—main contractors—will gain from using ConWize is smart pricing at the most detailed level of bills of quantities (BoQs). All aspects of project cost estimating, including self-pricing, subcontractor pricing, and loading overheads, will be fully computerized and performed on a single platform.

This will eventually allow for accurate examination of project pricing results, examination of important metrics defined by the company, and real-time identification of potential errors. For example, companies can improve their performance by learning from past mistakes using historical data.

2. Quick and secure information transfer

It is understandable that during such a complex construction cost estimation process, there will be continuous data transfer between all project stakeholders, including the main contractor, subcontractors, and suppliers. The information can range from bills of quantities, specifications, drawings, and clarifications to others.

Fortunately, the ConWize construction cost estimating and bidding automation software allows contractors to organize information efficiently and ensures its secure transfer between users. The swift and secure transfer of information will ultimately speed up and smooth the process.

3. Real-time bid status monitoring

Another significant advantage of ConWize construction cost estimating and bidding automation software is that it facilitates collaboration among all stakeholders in the construction cost estimating processes, such as suppliers, subcontractors, and customers.

For example, the system allows you to send automatically generated online inquiries to your subcontractors and see whether they have downloaded and viewed your document in real time. You can then compare quotes from various subcontractors and suppliers. In a nutshell, real-time bid status tracking allows you to easily track who has accessed the tender and who has managed the offers.

4. Simple transition from Tender to Execution phase

The fourth advantage that ConWize provides to users is a simple transition from the tender to the execution phase. The system seamlessly connects the tender and execution phases to assist project managers in better understanding their projects and maximizing budget control.

The project manager can transfer the budget from the tender department to the execution department with a button. This will eventually help in keeping all departments on the same page. In addition to the budget, the manager can transfer all information from the tender to the execution phase, ensuring smooth execution.

5. Easy to get started

Although the ConWize construction cost estimating and bidding automation software comes with a series of features and is a highly advanced tool, it is also simple to use and suitable for small and medium-sized businesses. The system is extremely user-friendly and intuitive, with almost no learning curve. Any user with limited technical knowledge can use the system independently after one-two hour of training.

This extent of usability will ultimately make the work of the main contractors and subcontractors as simple as possible. They will not have to devote much time to training or induction. Rather, they can begin using the system shortly after signing up.

The Final Verdict

Following our thorough examination of the ConWize construction cost estimating software, we can confidently assert that this product has the potential to be a game changer in the construction industry. The system includes not only all of the basic features that another building estimation and costing software provides but also a set of innovative features and functionalities that none of ConWize’s competitors provides.

Along with the cutting-edge features, ConWize also provides A-grade security, allowing for quick and secure information transfer between the stakeholders. Overall, smooth onboarding, easy third-party integrations, and live support are some of the key elements that make ConWize the most trusted and suitable construction cost estimating software for all construction projects.

To summarize, when used at its maximum potential, ConWize can help you save up to 50% of your time working on a tender, increase your win rate by up to 10%, and save 100% of your time shifting tender data to execution.