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Sage for Construction—The Crucial Role of Budgeting and Estimating

Written by Ben Hofferman, CPA, CITP | Jan 29, 2025 2:54:00 PM

In the world of construction, no task, as simple as erecting a backyard fence, is constructed without a budget and estimate. These preliminary steps are not just customary; they are the bedrock of successful project management. Sage Construction Solutions offers advanced tools that showcase the significance of budgeting and estimating, ensuring that every project, regardless of size, is set up for success from the get-go.

10 Reasons Why Using Sage for Construction is Essential for Successful Projects

1. Comprehensive Financial Plans are Created

A meticulously crafted budget is the cornerstone of any construction endeavor. Sage Construction Solutions provides a comprehensive financial plan that delineates all anticipated costs, enabling stakeholders to gauge the funding needed to bring the project to fruition.

2. Costs are tracked in Real-Time

Budgets are not static; they are dynamic guides that require ongoing scrutiny. Sage's construction software allows for real-time tracking of expenditures and includes robust change order management features, empowering project managers to make informed adjustments promptly and maintain fiscal discipline throughout the project lifecycle.

3. Estimates are detailed and accurate

Precision in estimating is not optional—it's imperative. Sage Estimating generates detailed cost projections for every project facet, providing a solid foundation for a viable budget and enabling comparisons between estimates to foster continual improvement.

4. Any Potential Risks Are Minimized

Identifying potential cost overruns early is crucial. Using Sage for construction projects, developing contingency plans and implementing risk mitigation strategies becomes an integrated part of the preconstruction process.

5. Decisions are made with Confidence

Sage's estimating software ensures that decisions made at every stage are data-driven. This clarity supports the project's viability and guides the selection process for materials, labor, and methodologies.

6. Project Funding is Secured

Convincing financiers requires more than just a vision; it requires a credible financial plan. Sage Intacct Construction helps in presenting a clear and detailed financial picture, including budgets and detailed estimates to secure the necessary investments and/or loans.

7. Bids are Competitive yet Profitable

Submitting competitive bids while safeguarding profit margins is a delicate balance. Sage's precise estimating tools help avoid the pitfalls of under or overestimating, thus protecting profitability. They provide cross-project analysis to assist in project performance and efficiency.

8. Communication Becomes Collaborative

Clear financial dialogue is key among all parties involved. Sage Intacct Construction facilitates this, ensuring that all stakeholders are aligned in their financial expectations.

9. Time and Labor is Managed Efficiently

With features that include detailed time allocations, Sage Construction Management ensures that projects remain on schedule, contributing to efficient timeline management.

10. Change Orders are Streamlined

Change is an inevitable part of construction. Sage Construction Management provides a baseline against which any scope changes can be measured, aiding in the smooth negotiation of change orders.

A budget and an estimate are not mere formalities; they are indispensable instruments that steer the construction process. As seamless as one would expect a backyard fence estimate before construction, Sage Construction Solutions equips organizations with the necessary tools to navigate the complexities of construction financial planning. Let's discuss how Sage can tailor a solution that best fits the unique needs of your organization, ensuring that every project is a blueprint for financial prudence and success.