#Product costing software

[costitright]

How Cost Estimation Software Enhances Clarity and Efficiency

Discover how cost estimation software and product costing tools improve accuracy and streamline workflows. Learn how advanced cost estimating software provides clarity and efficiency, transforming estimation and costing processes for better decision-making.

[magtecbusinesssolutions]

Hit the bullseye with the right ERP software! 🎯

Magtec Business Solutions helps you choose the perfect ERP solution to take your business to new heights.

Contact us today for a demo!

[windcarvedlyre]

Boots windows. Is quickly reminded of why I left.

[roseband]

my embroidery machine got to my mom's place i'm sooooo excited

but i'm dumb bcuz i didn't realize how expensive digitizing software was lol so i need to see if i can use an older version of the brother ones

but i'm so excited!!!!!!!!!!!!!!!!!!!!!!

[asestimationsconsultants]

Key Factors That Impact the Accuracy of a Construction Estimating Service

Introduction

In the construction industry, cost estimation is a crucial process that determines the financial feasibility of a project. A minor miscalculation in cost estimation can lead to budget overruns, project delays, and financial losses. That’s why accuracy in a construction estimating service is essential for contractors, project managers, and developers.

Several factors influence the precision of cost estimates, including material prices, labor costs, project scope, and unforeseen risks. In this article, we will explore the key factors that impact the accuracy of a construction estimating service and how companies can enhance their estimating processes.

1. Well-Defined Project Scope

One of the most common reasons for inaccurate cost estimates is a poorly defined project scope. If project requirements, materials, and specifications are unclear, estimators may make incorrect assumptions, leading to cost discrepancies.

Unclear Scope: Missing project details force estimators to make guesses, reducing accuracy.

Frequent Scope Changes: Modifications after estimation can alter material and labor costs significantly.

Solution: Clearly define project requirements before engaging a construction estimating service and update estimates as scope changes occur.

2. Quality of Blueprints and Specifications

The accuracy of an estimate depends on the quality of the blueprints and project specifications provided. Incomplete or conflicting plans can result in incorrect material takeoffs, leading to miscalculations.

Incomplete Drawings: Missing dimensions and unclear layouts lead to errors.

Inconsistent Specifications: Variations between the design documents and project requirements can create discrepancies.

Solution: Ensure all blueprints are accurate, well-detailed, and approved before submitting them for cost estimation.

3. Material Cost Fluctuations

Material costs are one of the most variable components in construction. Prices for materials such as steel, concrete, and lumber fluctuate due to market demand, inflation, and supply chain disruptions.

Price Instability: Global market trends, tariffs, and economic conditions impact material costs.

Substitutions and Availability: Limited supply can force the use of costlier alternatives.

Solution: Use a construction estimating service that integrates real-time pricing databases to reflect the latest material costs.

4. Labor Costs and Productivity

Labor expenses make up a significant portion of construction costs. Labor rates vary based on location, workforce availability, and project complexity.

Skilled Labor Shortage: Higher demand for skilled workers drives up wages.

Labor Productivity Variations: Estimators must consider realistic productivity rates to avoid underestimating labor costs.

Solution: Conduct market research on labor rates and include productivity assessments in labor cost estimates.

5. Accuracy of Quantity Takeoffs

A construction estimating service relies on quantity takeoffs to determine material requirements. Errors in this stage can drastically impact the final cost estimate.

Manual Errors: Human mistakes in calculations can lead to material shortages or excess costs.

Incorrect Measurements: Misinterpretation of construction drawings can result in inaccurate takeoffs.

Solution: Use digital takeoff tools that automate the process and reduce the risk of human error.

6. Site Conditions and Location Factors

The physical conditions of a construction site significantly influence project costs. Factors such as soil type, weather conditions, and accessibility can impact labor and equipment costs.

Remote Locations: Higher transportation and labor costs due to distance.

Difficult Terrain: Additional work required for site preparation increases expenses.

Solution: Conduct a thorough site analysis before estimating costs and adjust estimates based on local conditions.

7. Contingency Planning and Risk Management

Unexpected project risks can lead to financial setbacks if they are not accounted for in the estimation process. Common risks include permit delays, design changes, and unforeseen environmental factors.

Lack of Contingency Funds: Failure to allocate extra funds can lead to financial struggles during the project.

Unanticipated Costs: Legal and regulatory changes may require additional expenses.

Solution: A good construction estimating service should include contingency allowances (5–10% of total project cost) to cover unforeseen expenses.

8. Estimating Software and Technology

The tools used for cost estimation can make a significant difference in accuracy. Outdated manual methods are prone to errors, while modern software solutions enhance precision and efficiency.

Manual Estimation Risks: Increased potential for human error and time-consuming calculations.

AI and Automation Benefits: AI-powered construction estimating services analyze vast amounts of data for better accuracy.

Solution: Invest in advanced estimating software that integrates real-time data and automates calculations.

9. Experience and Expertise of the Estimator

The accuracy of a construction estimating service also depends on the experience of the estimator. Skilled estimators understand industry standards, potential risks, and pricing trends better than inexperienced ones.

Lack of Industry Knowledge: Inexperienced estimators may overlook critical costs.

Improper Use of Historical Data: Inaccurate use of past project costs can distort estimates.

Solution: Hire experienced estimators and ensure continuous training on the latest industry trends and estimating techniques.

10. Economic and Market Conditions

External economic factors such as inflation, interest rates, and supply chain disruptions can impact construction costs. Estimators must factor in these variables to create realistic budgets.

High Market Demand: Increased demand for construction services can drive up material and labor costs.

Inflation and Tariffs: Rising costs of imported materials can affect estimates.

Solution: Stay updated on economic trends and adjust estimates accordingly.

Conclusion

The accuracy of a construction estimating service depends on multiple factors, including project scope clarity, material and labor cost fluctuations, estimator expertise, and the use of advanced technology. By addressing these factors, construction firms can improve cost predictability, reduce financial risks, and ensure successful project execution.

Investing in modern estimating tools, regularly updating pricing data, and refining estimation processes will enhance the reliability of construction estimating services, leading to more profitable and efficient construction projects.

[xbsoftware]

In the world of software development, launching a successful digital product often hinges on starting small and learning fast. Traditionally, the Minimum Viable Product (MVP) approach has guided startups and enterprises alike. However, a newer concept – the Minimum Viable Experience (MVE) – is gaining traction for delivering not just functionality, but a complete and satisfying user experience from day one.

At XB Software, we’ve seen firsthand how selecting the right development strategy can impact a product’s success. So, let’s dive into the key differences between MVP and MVE and explore how choosing the right approach can transform your product journey.

[mckinlily]

Plot armor but it’s Bruce Wayne’s wealth.

Bruce is one of the richest men in the world. Bruce does not want to be one of the richest men in world.

He starts by implementing high starting salaries and full health care coverages for all levels at Wayne Enterprises. This in vastly improves retention and worker productivity, and WE profits soar. He increases PTO, grants generous parental and family leave, funds diversity initiatives, boosts salaries again. WE is ranked “#1 worker-friendly corporation”, and productively and profits soar again.

Ok, so clearly investing his workers isn’t the profit-destroying doomed strategy his peers claim it is. Bruce is going to keep doing it obviously (his next initiative is to ensure all part-time and contractors get the same benefits and pay as full time employees), but he is going to have to find a different way to dump his money.

But you know what else is supposed to be prohibitively expensive? Green and ethical initiatives. Yes, Bruce can do that. He creates and fund a 10 year plan to covert all Wayne facilities to renewable energy. He overhauls all factories to employ the best environmentally friendly practices and technologies. He cuts contracts with all suppliers that engage in unethical employment practices and pays for other to upgrade their equipment and facilities to meet WE’s new environmental and safety requirements. He spares no expense.

Yeah, Wayne Enterprises is so successful that they spin off an entire new business arm focused on helping other companies convert to environmentally friendly and safe practices like they did in an efficient, cost effective, successful way.

Admittedly, investing in his own company was probably never going to be the best way to get rid of his wealth. He slashes his own salary to a pittance (god knows he has more money than he could possibly know what to do with already) and keeps investing the profits back into the workers, and WE keeps responding with nearly terrifying success.

So WE is a no-go, and Bruce now has numerous angry billionaires on his back because they’ve been claiming all these measures he’s implementing are too expensive to justify for decades and they’re finding it a little hard to keep the wool over everyone’s eyes when Idiot Softheart Bruice Wayne has money spilling out his ears. BUT Bruce can invest in Gotham. That’ll go well, right?

Gotham’s infrastructure is the OSHA anti-Christ and even what little is up to code is constantly getting destroyed by Rogue attacks. Surely THAT will be a money sink.

Except the only non-corrupt employer in Gotham city is….Wayne Enterprises. Or contractors or companies or businesses that somehow, in some way or other, feed back to WE. Paying wholesale for improvement to Gotham’s infrastructure somehow increases WE’s profits.

Bruce funds a full system overhaul of Gotham hospital (it’s not his fault the best administrative system software is WE—he looked), he sets up foundations and trusts for shelters, free clinics, schools, meal plans, day care, literally anything he can think of.

Gotham continues to be a shithole. Bruce Wayne continues to be richer than god against his Batman-ingrained will.

Oh, and Bruice Wayne is no longer viewed as solely a spoiled idiot nepo baby. The public responds by investing in WE and anything else he owns, and stop doing this, please.

Bruce sets up a foundation to pay the college tuition of every Gotham citizen who applies. It’s so successful that within 10 years, donations from previous recipients more than cover incoming need, and Bruce can’t even donate to his own charity.

But by this time, Bruce has children. If he can’t get rid of his wealth, he can at least distribute it, right?

Except Dick Grayson absolutely refuses to receive any of his money, won’t touch his trust fund, and in fact has never been so successful and creative with his hacking skills as he is in dumping the money BACK on Bruce. Jason died and won’t legally resurrect to take his trust fund. Tim has his own inherited wealth, refuses to inherit more, and in fact happily joins forces with Dick to hack accounts and return whatever money he tries to give them. Cass has no concept of monetary wealth and gives him panicked, overwhelmed eyes whenever he so much as implies offering more than $100 at once. Damian is showing worrying signs of following in his precious Richard’s footsteps, and Babs barely allows him to fund tech for the Clocktower. At least Steph lets him pay for her tuition and uses his credit card to buy unholy amounts of Batburger. But that is hardly a drop in the ocean of Bruce’s wealth. And she won’t even accept a trust fund of only one million.

Jason wins for best-worst child though because he currently runs a very lucrative crime empire. And although he pours the vast, vast majority of his profits back into Crime Alley, whenever he gets a little too rich for his tastes, he dumps the money on Bruce. At this point, Bruce almost wishes he was being used for money laundering because then he’s at least not have the money.

So children—generous, kindhearted, stubborn till the day they die the little shits, children—are also out.

Bruce was funding the Justice League. But then finances were leaked, and the public had an outcry over one man holding so much sway over the world’s superheroes (nevermind Bruce is one of those superheroes—but the public can’t know that). So Bruce had to do some fancy PR trickery, concede to a policy of not receiving a majority of funds from one individual, and significantly decrease his contributions because no one could match his donations.

At his wits end, Bruce hires a team of accounts to search through every crinkle and crevice of tax law to find what loopholes or shortcuts can be avoided in order to pay his damn taxes to the MAX.

The results are horrifying. According to the strictest definition of the law, the government owes him money.

Bruce burns the report, buries any evidence as deeply as he can, and organizes a foundation to lobby for FAR higher taxation of the upper class.

All this, and Wayne Enterprises is happily chugging along, churning profit, expanding into new markets, growing in the stock market, and trying to force the credit and proportionate compensation on their increasingly horrified CEO.

Bruce Wayne is one of the richest men in the world. Bruce Wayne will never not be one of the richest men in the world.

But by GOD is he trying.

[costitright]

Cost Estimation & Management Software | Accurate Solutions for Every Industry

Explore Cost It Right's advanced cost estimation software, cost management software, and product costing tools. From cost engineering to construction estimating and procurement software, our solutions streamline estimation and costing for enhanced efficiency and accuracy.

[cost-masters]

Product Cost Estimation Software | CostMasters

Accurately estimate product costs with CostMasters' powerful software. Streamline your pricing strategy, improve profitability, and make data-driven decisions. Our software offers comprehensive features and real-time updates.

[cost-effective]

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[techtoio]

The Future of Work: Technology and Remote Collaboration

Introduction

The future of work is rapidly evolving, driven by technological advancements and the increasing popularity of remote collaboration. At TechtoIO, we delve into how these changes are shaping the workplace, impacting productivity, and altering traditional work paradigms. This blog post explores the key technologies enabling remote work and the benefits and challenges associated with this new way of working. Read to continue link

[intelliatech]

Future Of AI In Software Development

The usage of AI in Software Development has seen a boom in recent years and it will further continue to redefine the IT industry. In this blog post, we’ll be sharing the existing scenario of AI, its impacts and benefits for software engineers, future trends and challenge areas to help you give a bigger picture of the performance of artificial intelligence (AI). This trend has grown to the extent that it has become an important part of the software development process. With the rapid evolvements happening in the software industry, AI is surely going to dominate.

Read More

[project-management-australia]

GLMS is a Microsoft Gold Partner specialist professional services company that focuses solely on the design, configuration, deployment, training, and support of Project Management solutions in Australia. They work around Microsoft Technologies and deliver digital transformations accordingly. GLMS specializes in consultancy services that leverage business technologies, such as Office 365, Project Online, Microsoft Project Server, and Microsoft SharePoint Server. Their goal is to establish cost-effective solutions tailored to best suit your business needs.

[vivekbsworld]

Driving Efficiency: Fleet Management Software Solutions in Dubai

In the heart of the bustling metropolis of Dubai, where every minute counts and precision is paramount, efficient fleet management is crucial for businesses to stay ahead of the curve. From logistics companies navigating the city's intricate road network to construction firms overseeing a fleet of heavy machinery, the ability to monitor, track, and optimize fleet operations can make all the difference. This is where fleet management software solutions in Dubai come into play, offering innovative tools to streamline processes, enhance productivity, and drive business growth. Let's explore some of the top fleet management software solutions making waves in Dubai's dynamic business landscape.

1. Trinetra

Trinetra is a leading provider of fleet management software solutions, offering a comprehensive suite of tools to help businesses optimize their fleet operations. With features such as real-time tracking, route optimization, and driver behavior monitoring, Trinetra empowers businesses to improve efficiency, reduce costs, and enhance customer satisfaction. Whether it's managing a fleet of delivery vehicles or a construction fleet, Trinetra's customizable solutions cater to a wide range of industries and business needs.

2. Chekhra Business Solutions

Chekhra Business Solutions specializes in fleet management software tailored to the unique requirements of businesses in Dubai and the wider UAE. Their user-friendly platform offers advanced features such as GPS tracking, fuel management, and maintenance scheduling, allowing businesses to gain real-time insights into their fleet operations. With a focus on innovation and customer satisfaction, Chekhra Business Solutions is committed to helping businesses maximize their productivity and profitability.

3. Carmine

Carmine is a cloud-based fleet management software solution designed to meet the needs of businesses of all sizes in Dubai. With features such as vehicle tracking, driver management, and compliance monitoring, Carmine helps businesses streamline their operations and ensure regulatory compliance. Its intuitive interface and customizable reporting tools make it easy for businesses to track their fleet performance and make data-driven decisions to optimize efficiency and reduce costs.

4. Fleet Complete

Fleet Complete is a global leader in fleet management software solutions, with a strong presence in Dubai and the UAE. Their comprehensive platform offers a wide range of features, including GPS tracking, route optimization, and asset management, enabling businesses to maximize the efficiency of their fleet operations. With real-time visibility into vehicle location, status, and performance, Fleet Complete empowers businesses to improve productivity, reduce fuel consumption, and enhance customer service.

5. GPSit

GPSit is a trusted provider of fleet management software solutions, offering cutting-edge technology to businesses across Dubai and the UAE. Their platform provides real-time tracking, route optimization, and driver behavior monitoring, helping businesses optimize their fleet operations and improve overall efficiency. With a focus on reliability, scalability, and customer support, GPSit is committed to helping businesses achieve their fleet management goals and drive success in a competitive marketplace.

Conclusion

In the fast-paced business environment of Dubai, where efficiency and productivity are paramount, the adoption of fleet management software solutions is essential for businesses to stay competitive and thrive. Whether it's optimizing routes, improving fuel efficiency, or ensuring regulatory compliance, these software solutions offer a comprehensive suite of tools to help businesses streamline their operations and drive growth. By harnessing the power of technology and innovation, businesses in Dubai can unlock new opportunities for success and maintain their position as leaders in their respective industries.

[harrywatson4u]

Custom software development is the process of designing software applications that meet the specific needs of an individual or a company. Determining the precise Cost of Custom Software Development can be challenging given the diverse project scopes and needs. However, with Dev Technosys, a rough estimate typically falls between $8000 to $25000. This range accommodates various factors such as project complexity, features, and technology requirements. Custom software development entails tailored solutions to meet specific business objectives, making cost estimation variable. Factors like scalability, integration, and ongoing support further influence pricing.

[mostlysignssomeportents]

A sexy, skinny defeat device for your HP ink cartridge

Animals keep evolving into crabs; it's a process called "carcinisation" and it's pretty weird. Crabs just turn out to be extremely evolutionarily fit for our current environment:

https://www.scientificamerican.com/article/why-do-animals-keep-evolving-into-crabs/

By the same token, all kinds of business keep evolving into something like a printer company. It turns out that in this enshittified, poorly regulated, rentier-friendly world, the parasitic, inkjet business model is extremely adaptive. Printerinisation is everywhere.

All that stuff you hate about your car? Trapping you into using their mechanics, spying on you, planned obsolescence? All lifted from the inkjet printer business model:

https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon

That GE fridge that won't make ice or dispense water unless you spend $50 for a proprietary charcoal filter instead of using a $10 generic? Pure printerism:

https://pluralistic.net/2020/06/12/digital-feudalism/#filtergate

The software update to your Sonos speakers that makes them half as useful and takes away your right to play your stored music, forcing you to buy streaming music subscriptions? Straight out of the HP playbook:

https://www.wired.com/story/sonos-admits-its-recent-app-update-was-a-colossal-mistake/

But as printerinized as all these gadgets are, none can quite attain the level of high enshittification that the OG inkjet bastards attain on a daily basis. In the world championships of effortlessly authentic fuckery, no one can lay a glove on the sociopathic monsters of HP.

For example: when HP wanted to soften us all up for a new world of "subscription ink" (where you have to pre-pay every month for a certain number of pages' worth of printing, which your printer enforces by spying on you and ratting you out to HP over the internet), they offered a "lifetime subscription" plan. With this "lifetime" plan, you paid just once and your HP printer would print out 15 pages a month for so long as you owned your printer, with HP shipping you new ink every time you ran low.

Well, eventually, HP got bored of not making you pay rent on your own fucking printer, so they just turned that plan off. Yeah, it was a lifetime plan, but the "lifetime" in question was the lifetime of HP's patience for not fucking you over, and that patience has the longevity of a mayfly:

https://pluralistic.net/2020/11/06/horrible-products/#inkwars

It would take many pages to list all of HP's sins here. This is a company that ships printers with half-full ink cartridges and charges more than the printer cost to buy a replacement set. The company that won't let you print a black-and-white page if you're out of yellow ink. The company that won't let you scan or send a fax if you're out of any of your ink.

They make you "recalibrate" your printer or "clean your heads" by forcing you to print sheets of ink-dense paper. They also refuse to let you use your ink cartridges after they "expire."

HP raised the price of ink to over $10,000 per gallon, then went to war against third-party ink cartridge makers, cartridge remanufacturers, and cartridge refillers. They added "security chips" to their cartridges whose job was to watch the ink levels in your cartridge and, when they dip below a certain level (long before the cartridge is actually empty), declare the cartridge to be dry and permanently out of use.

Even if you refill that cartridge, it will still declare itself to be empty to your printer, which will therefore refuse to print.

Third party ink companies have options here. One thing they could do is reverse-engineer the security chip, and make compatible ones that say, "Actually, I'm full." The problem with this is that laws like Section 1201 of the Digital Millennium Copyright Act (DMCA) potentially makes this into a felony punishable by a five-year prison sentence and a $500k fine, for a first offense.

DMCA 1201 bans bypassing "an effective means of access control" to a copyrighted work. So if HP writes a copyrighted "I'm empty" program for its security chip and then adds some kind of access restriction to prevent you from dumping and reverse-engineering that program, you can end up a felon, thanks to the DMCA.

Another countermove is to harvest security chips out of dead cartridges that have been sent overseas as e-waste (one consequence of HP's $10,000/gallon ink racket is that it generates mountains of immortal, toxic e-waste that mostly ends up poisoning poor countries in the global south). These can be integrated into new cartridges, or remanufactured ones.

In practice, ink companies do all of this and more, and total normie HP printer owners go to extremely improbable lengths to find third party ink cartridges and figure out how to use them. It turns out that even people who find technology tinkering intimidating or confusing or dull can be motivated to learn and practice a lot of esoteric tech stuff as an alternative to paying $10,000/gallon for colored water.

HP has lots of countermoves for this. One truly unhinged piece of fuckery is to ask Customs and Border Patrol to block third-party ink cartridges with genuine HP security chips that have been pried loose from e-waste shipments. HP claims that these are "counterfeits" (because they were removed and re-used without permission), even though they came out of real HP cartridges, and CBP takes them at their word, seizing shipments.

Even sleazier: HP pushes out fake security updates to its printers. You get a message telling you there's an urgent security update, you click OK, and your printer shows you a downloading/installing progress bar and reboots itself. As far as you can tell, nothing has changed. But these aren't "security" updates, they're updates that block third-party ink, and HP has designed them not to kick in for several months. That way, HP owners who get tricked into installing this downgrade don't raise hell online and warn everyone else until they've installed it too, and it's too late:

https://www.eff.org/deeplinks/2020/11/ink-stained-wretches-battle-soul-digital-freedom-taking-place-inside-your-printer

This is the infectious pathogen business model: one reason covid spread so quickly was that people were infectious before they developed symptoms. That meant that the virus could spread before the spreader knew they had it. By adding a long fuse to its logic bomb, HP greatly increases the spread of its malware.

But life finds a way. $10,000/gallon ink is an irresistible target for tinkerers, security researchers and competitors. Necessity may be the mother of invention, but the true parent of jaw-dropping ingenuity is callous, sadistic greed. That's why America's army of prisoners are the source of so many of the most beautiful and exciting forms of innovation seen today:

https://pluralistic.net/2021/06/09/king-rat/#mother-of-invention

Despite harsh legal penalties and the vast resources of HP, third-party ink continues to thrive, and every time HP figures out how to block one technique, three even cooler ones pop up.

Last week, Jay Summet published a video tearing down a third-party ink cartridge compatible with an HP 61XL:

https://www.youtube.com/watch?v=h0ya184uaTE

The third-party cartridge has what appears to be a genuine HP security chip, but it is overlaid with a paper-thin, flexible, adhesive-backed circuit board that is skinny enough that the cartridge still fits in an HP printer.

This flexible circuit board has its own little microchip. Summet theorizes that it is designed to pass the "are you a real HP cartridge" challenge pass to the security chip, but to block the followup "are you empty or full?" message. When the printer issues that challenge, the "man in the middle" chip answers, "Oh, I'm definitely full."

In their writeup, Hackaday identifies the chip as "a single IC in a QFN package." This is just so clever and delightful:

https://hackaday.com/2024/09/28/man-in-the-middle-pcb-unlocks-hp-ink-cartridges/

Hackaday also notes that HP CEO Enrique J Lores recently threatened to brick any printer discovered to be using third-party ink:

https://arstechnica.com/gadgets/2024/01/hp-ceo-blocking-third-party-ink-from-printers-fights-viruses/

As William Gibson famously quipped, "the future is here, it's just not evenly distributed." As our enshittification-rich environment drives more and more companies to evolve into rent-seeking enterprises through printerinisation, HP offers us a glimpse of the horrors of the late enshittocene.

It's just as Orwell prophesied: "If you want a picture of the future, imagine a HP installing malware on your printer to force you to spend $10,000/gallon on ink – forever."

Tor Books as just published two new, free LITTLE BROTHER stories: VIGILANT, about creepy surveillance in distance education; and SPILL, about oil pipelines and indigenous landback.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/09/30/life-finds-a-way/#ink-stained-wretches

Image: Jay Summet https://www.youtube.com/watch?v=h0ya184uaTE