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Cost Estimating Software

About Cost Estimating Software

Cost estimating software or job costing software is used to estimate the cost of projects. Cost estimating software can be used for quoting and planning, to facilitate sales force automation, and to manage inventory levels. Many different types of businesses - from construction companies to commercial printers - use cost estimating software. Job costing software is a type of cost estimating software that integrates with purchasing and inventory modules. Most job costing software is designed for a specific company or industry.

Cost estimating software is used for statistical analysis and to forecast the cost of future projects. Cost estimating applications can access and extract information from a summary cost database. Typically, this type of estimating software is used by general contractors and architects to check estimates on quotations received from subcontractors. Cost estimating software that performs check estimates or conceptual or budget estimates uses algorithms and assemblies to generate estimates.

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