Best Real Estate Development Software Of 2024

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Why We Picked CMiC

CMiC is a comprehensive construction management software that has garnered a range of user feedback over the past year. Users appreciate its robust functionality, particularly in areas like job costing, budgeting, and document management. The software's ability to handle complex projects with multiple phases and stakeholders is a significant advantage. CMiC's integration capabilities with other software platforms are also highlighted as a strength, allowing for seamless data flow and collaboration. However, some users find the interface to be complex and overwhelming, requiring extensive training and support. The learning curve can be steep, especially for those new to construction management software. Additionally, CMiC's pricing structure can be a barrier for smaller companies, as it is often considered an enterprise-level solution.

Compared to competitors like Procore and PlanGrid, CMiC offers a more comprehensive suite of features, covering the entire project lifecycle from preconstruction to closeout. Its strength lies in its ability to handle the financial aspects of construction projects, with advanced job costing and accounting tools. However, Procore and PlanGrid are often praised for their user-friendly interfaces and mobile accessibility, making them more suitable for field teams. Ultimately, CMiC is best suited for large construction companies with complex projects and dedicated IT resources to manage the software's implementation and ongoing support. Its comprehensive functionality and financial management capabilities make it a valuable tool for organizations that require a high level of control and visibility over their construction projects.

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Pros & Cons

Customization: Nearly 79% of users who talk about customization mention that the software is flexible and can be customized to meet unique business requirements.
Overall Functionality: Approximately 80% of users who refer to the overall functionality of the software recommend it to get the job done.
Data Management: Efficient data management and analysis is a big advantage of the product, as noted by about 64% of users who mention the feature.
Reports: CMiC helps users track, analyze and course-correct various aspects of project management with in-depth and insightful reports - a feature lauded by more than 63% of users who talk about the reporting feature.
Project Management: 100% of the users who talk about the project management module concur that it has made their operations more efficient.

User Interface: Approximately 82% of users who mention the user interface note that the system is complicated and hard to navigate.
User-Friendliness: More than 84% of users who talk about user-friendliness as an important factor mention that the software is not easy to use.
Setup and Training: Nearly 100% of users who refer to setup and implementation note that training and onboarding support is lacking, making it difficult to adopt the software.
Glitches: Slow processing and frequent lags are detrimental to its usage, as pointed out by 100% of users who talk about issues and glitches.

Key Features

Bidding: Compare multiple bids side by side using bid leveling functionality. Automatically send invitations to bid to potential vendors. Enable bidders to download and view project documents with planroom management capabilities.
Customer Relationship Management: Create sales opportunities and view crucial information such as linked contacts and tasks. Automatically perform duplication checks when creating new contacts to maintain data accuracy.
Document Management: Securely store and manage all project-related documents, including drawings, specifications, submittals and RFIs, in a centralized database.
- Drawings: Automatically extract metadata such as titles, sheet numbers and trades. Compare drawing sheets and perform overlays for accurate revisions and insights.
- Specifications: Upload, review and manage specifications with ease using the web-based tool. Manage submittals seamlessly based on the provided specifications.
- Submittals: Ensure thorough submittal assessments with stakeholder-driven workflows.
- RFIs: Expedite information gathering by providing teams with instant access to relevant documents.
Accounting: Manage finances for multiple companies and currencies.
- Accounts Payable: Automate invoice processing and payment approvals. Generate detailed reports on vendor activity and spending.
- Accounts Receivable: Manage customer invoicing, payment collection and credit limits. Reconcile client payments and apply them to the corresponding invoices for accurate AR records.
- General Ledger: Generate financial statements, perform cash flow analyses and produce custom reports with just a few clicks. Maintain a complete audit trail of financial activities to ensure regulatory compliance.
- Cost Management: Track labor, material and equipment costs using job costing tools. Issue subcontracts directly from the system.
- Financial Management: Identify over/underbilled jobs with WIP reports. Create and manage project budgets, comparing actual costs against budgeted amounts.
Human Resources and Payroll: Simplify workforce management, empower team members and gain valuable insights.
- Workforce Management: Manage the entire recruitment process, from attracting candidates to onboarding new hires. Administer and manage employee compensation and benefits plans.
- Employee Self-Service: Enable employees to access and download pay stubs and W2s electronically. Allow staff to access information about their benefits plans, such as health, dental and vision insurance.
- Payroll: Process payroll accurately and timely, including deductions and taxes. Support various pay frequencies, such as weekly, bi-weekly and monthly. Pay employees with direct deposit.
- Crew Time: Encourage employees to track work hours and submit timesheets directly from mobile devices. Monitor and manage employee overtime to ensure compliance with labor laws.
Inventory Management: Set low-stock alerts to prevent stockouts and delays in project execution.
- Inventory Tracking: Capture and create lot and serial numbers to track inventory levels in real time.
- Replenishment: Assemble kits of commonly used materials for faster and easier issuance. Determine order quantities, reorder points and forecast models to calculate replenishment.
- Inventory Valuation: Evaluate inventory using standard, average, specific (actual) and first-in-first-out (FIFO) costing methods.
Mobile Capabilities: Access critical information and project-related materials from anywhere, at any time.
Project Management: Set realistic timelines and dependencies to ensure on-time project completion. Produce change orders from RFIs. Manage subcontractor relationships efficiently. Conduct inspections and track corrective actions.
Reporting & Dashboards: Create personalized dashboards to track key project metrics. Compare project performance against industry benchmarks.

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Procore

Start Price

^$375

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Why We Picked Procore

Procore's user reviews paint a picture of a powerful construction management software with strengths in centralizing data, improving communication, and streamlining workflows. Users praise its mobile accessibility, robust reporting tools, and collaborative features, citing improved project visibility and reduced paperwork as key benefits. However, some reviewers mention a steeper learning curve compared to simpler options and a higher cost point. One recurring strength is Procore's ability to consolidate information and communication. Users appreciate having a central platform for documents, drawings, discussions, and updates, eliminating the need for multiple tools and email threads. This fosters transparency and reduces miscommunication, as exemplified by a reviewer who mentioned avoiding costly delays due to improved information flow. Another frequently lauded aspect is Procore's mobile app, enabling field teams to capture data, submit reports, and access project information in real-time. This streamlines workflows and eliminates data silos, as highlighted by a reviewer who credited the app with improving efficiency and reducing rework. Procore's reporting and analytics tools are also seen as valuable assets. Users appreciate the ability to generate customizable reports and dashboards, providing valuable insights into project performance, resource allocation, and potential risks. This data-driven approach helps users make informed decisions and improve overall project outcomes. However, some users mention a steeper learning curve compared to more basic software, requiring initial investment in training and user adoption. Additionally, Procore's pricing structure can be a barrier for smaller companies or those with limited budgets, while competitors might offer more affordable options with similar core functionalities. In conclusion, Procore's strengths lie in its ability to centralize data, improve communication, and streamline workflows, making it a valuable tool for complex projects and larger teams. However, its learning curve and cost might pose challenges for smaller companies or those seeking basic functionalities. Ultimately, the decision depends on individual needs, project complexity, and budget considerations.

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Pros & Cons

Functionality: All users that mentioned overall functionality liked its ability to perform different tasks such as invoicing, reporting, scheduling, submittals, RFIs and more, all in one tool.
Collaboration: All reviewers who referred to collaboration liked its ability to collaborate in real time with stakeholders and help teams bridge communication gaps while staying updated on current plans.
Cloud Based: All users who mentioned its cloud-based deployment liked that teams could easily access the tool from different geographical locations.
Tracking: All users that talked about tracking liked that they could keep track of individual employee production, employee timesheets and more.

Learning Curve: Due to its rich features, the system can be difficult to navigate and understand without proper training, as observed by 92% of users who specified the learning curve.
Performance: Almost all users who mentioned performance said that it takes time for the software to respond.
Updates: Around 85% of reviewers who specified updates said that frequent updates make keeping up with features challenging.

Key Features

Contract Management: View the status of purchase orders and contracts. Track and distribute change orders, payment documents and contract documents.
Project Management: Automatically send overdue reminders via email to clients to help manage RFIs. Attach photos, plans, specs and PDFs to RFIs. Allow workers to log project time off-site using the web or mobile app. Sort activities by day, week or month. Filter project programs by resources or summary tasks.
Time and Material Tickets: Generate change requests from T&M tickets to secure payments for performed work. Collect e-signatures to avoid payment disputes.
Contact Directory and Permissions: Export contacts in CSV format. Grant role-based permissions to access data at individual, company or project levels.
Quality and Safety Measures: Mitigate risks using incident tools. Understand the root cause of problems by identifying trends and combing through data. Identify unsafe patterns on job sites by accessing near-miss and injury records.
Storage Capabilities: Gain unlimited storage space by purchasing an annual access agreement.
Mobile Interface: Access project documents off-site.
Drawing Management: Allow collaborators to upload drawings by granting issuance permissions. Create 2D and 3D models or designs.
Data Security: Store data securely with AES-256-bit encryption. Conduct backups, track users and allow teams to view, edit and upload electronic documents.
BIM: Access BIM data from the field with the ability to display 2D and 3D models on mobile devices. Publish models to enhance team collaboration. Compare site conditions to avoid costly errors.
Bid Management: Track and manage bid invitations while increasing visibility with a single, organized repository. Compare bids by cost codes, bidding histories and location of bidders.

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Pricing

License/Subscription Cost

Procore offers a single annual license that provides unlimited access for employees and external clients. Pricing depends on the size of your company.

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ConstructionOnline

Start Price

^$49

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Why We Picked ConstructionOnline

ConstructionOnline receives praise for its comprehensive features, particularly its scheduling tools, which allow for efficient project management and collaboration. Users appreciate the ability to create detailed schedules, assign tasks, and track progress, ensuring projects stay on track and within budget. The software's document management capabilities are also highlighted as a strength, enabling users to store, organize, and share project documents securely. ConstructionOnline's financial management tools, including budgeting, invoicing, and expense tracking, are commended for their accuracy and ease of use.

However, some users note that ConstructionOnline's interface can be overwhelming for new users due to its extensive features. The learning curve associated with the software is a common concern, as it may require additional time and effort to fully utilize its capabilities. Additionally, some users mention that the mobile app's functionality is limited compared to the desktop version, which can hinder accessibility and convenience for users on the go.

ConstructionOnline distinguishes itself from competitors by offering a wide range of features within a single platform, eliminating the need for multiple software solutions. Its robust scheduling, document management, and financial tools provide a comprehensive solution for construction professionals. The software's focus on collaboration and communication is also a key differentiator, as it facilitates seamless interaction among team members, clients, and subcontractors. ConstructionOnline is most suitable for established construction companies and professionals who require a comprehensive project management solution with advanced features. Its extensive capabilities cater to the needs of larger projects and teams, providing the tools necessary for efficient project execution and collaboration.

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Pros & Cons

Centralized Communication: Streamlines communication among project stakeholders through features like instant messaging, email integration, and file sharing, reducing miscommunication and keeping everyone informed.
Improved Collaboration: Facilitates collaboration with tools for task management, scheduling, and document control, enabling teams to work together efficiently and avoid duplication of effort.
Enhanced Project Visibility: Provides real-time insights into project progress, budgets, and potential issues through dashboards and reporting tools, allowing for proactive decision-making and improved project outcomes.
Increased Efficiency: Automates routine tasks such as generating reports, sending notifications, and tracking time, freeing up team members to focus on more strategic activities.
Reduced Risk: Offers features for risk management, including change order tracking, issue management, and document version control, helping to mitigate potential problems and ensure project success.

Limited Customization: Users have expressed frustration with the lack of flexibility in customizing certain features, such as invoices and reports, to align with specific workflows or branding requirements.
Mobile App Functionality: The mobile app has received feedback regarding its limitations compared to the full desktop version. Some users find it challenging to access and manage information effectively while on the go.
Learning Curve: Due to its comprehensive feature set, ConstructionOnline can have a steeper learning curve for new users. Navigating the platform and understanding its full capabilities may require additional time and training.

Key Features

Sales Management: Manage leads and monitor sales funnels to meet business goals.
- Lead Tracking: Filter leads by statuses, sources, sales representatives and more. Track activities such as meetings and outreach changes using a timeline viewer. Stay updated about potential revenue opportunities and sales workflows by creating lead pipelines.
- Call Logging: Document emails, text messages and conversations to keep track of communication activities. Filter call logs by projects, contacts and creators. Attach relevant documents and photos to call logs.
- ClientLink: Create client login pages to keep them in the loop about project statuses. Receive client inputs about change orders electronically.
Financials: Monitor cash flows to keep projects on budget.
- Estimating: Track financial activities using dashboards. Integrate with Excel to accurately calculate job costs. Save and reuse estimates templates to help avoid workflow errors.
- Quantity Takeoff: Automatically overwrite existing costs to reduce expensive errors. Accurately measure volumes, counts and areas to help win bids. Generate estimates using existing takeoff templates to speed up estimating processes.
- Change Orders: Mitigate potential disputes to save projects from legal hassles. Allow clients to sign change orders electronically. Automatically send confirmation emails to subcontractors, suppliers and clients to keep them on the same page.
- Accounting Integration: Integrate with QuickBooks to eliminate redundant data entries. Import or export financial data with just a click. Securely store project files in AWS data centers.
Communications: Share latest project updates using the Envoy Chat suite. Attach relevant documents and photos to chats to divulge critical information. Archive messages when jobs are completed.
Schedule Management: Assign and monitor project activities to help complete projects on time.
- Calendar: View upcoming tasks, events and due dates to help plan ahead and keep projects on track. Integrate with Google and Outlook calendars to help keep team members updated about ongoing activities.
- Gantt Charts: Quickly modify schedules without manually adjusting each task using critical path functionality. Filter tasks by days, weeks or months.
- Time Tracking: View workers’ clock-in and -out time and location using geofencing technology. Analyze employee reports to help boost productivity levels.
Project Tracking: Analyze project data to help make informed decisions.
- Daily Logs: Document work activities electronically to eliminate hassles of going through bundles of physical files. Automatically record weather conditions of job sites to understand reasons for delays. Record and attach photos to incidents using safety logs.
- Punch Lists: Organize lists by classifications, dates, phases and more. Perform inspections by creating punch lists to avoid missing out on important quality checks.
- Reporting: Share project reports with teams and clients to keep everyone on the same page.
Planroom: Upload, markup and share project plans with team members. Automatically send notifications to workers about changes in plan sets.
Document Management: Store project files securely for future references.
- RFI Tracking: Sort RFIs by due dates, statuses and recipients. Allow clients to respond to RFIs via email.
- Submittal Workflows: Opt for parallel or sequential workflows as per business requirements. Determine who’s responsible for advancing submittals by using a ball-in-court indicator.
- Transmittals: Send transmittals from the field or office using the mobile app. Create logs to automatically track sent items and quickly search for critical documents.
Score Cards: Filter teams’ activities by employees or task types to view accurate breakdown of overall performances. View pending and overdue tasks to make sure projects are on track.

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Buildertrend

Start Price

^$99

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Why We Picked Buildertrend

Buildertrend has an intuitive interface that is easy to use and navigate. It requires some time to get used to its tools because of the rich features available. Users can make proposals for bids, schedule, send invoices, collect payments, conduct surveys and more. It offers a portal where employees can conveniently view their running hours and corresponding pay. It streamlines coordination with clients, including sharing daily updates on the progress of building completion. It helps teams maintain better communication and keep track of progress. Some reviewers have noted that integration with Quickbooks requires a significant time investment. A few users wished for more customization options. Customer representatives respond quickly and provide answers that will effectively solve problems.

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Pros & Cons

Comprehensive Tool: The system comes loaded with rich functionalities that simplify production and streamline workflows, as mentioned by all users who referred to functionality.
User Friendly: Offers a user-friendly interface that makes it easy to manage and navigate, as noted by all reviewers who mentioned ease of use.
Support: More than 92% of reviewers referring to customer support noted that included professional services were helpful and responsive, taking time to walk them through an issue.
Track: All users who specified tracking liked that it helps teams and managers keep track of progress, logs, expenses, payrolls, bid requests, receipts and more.
Communication: All reviewers liked that it simplifies the process of communication and keeping teams up to date.

Learning Curve: All reviewers who mentioned the learning curve said it took time to get used to the tools during initial setup due to the many options available.
Quickbooks Integration: Around 60% of users noted that integration with Quickbooks took some time and effort.
Customization: It could provide more flexibility in customization, as observed by 83% of reviewers who referred to customization.

Key Features

Selections: Approve product pricing, keep patrons in the loop about running totals, receive electronic client signatures and access selection decisions and their associated product warranties in a centralized location.
Communication: Manage messages, comments, emails and task-specific data in one place automatically. This module also offers push notifications on mobile devices and utilizes current email accounts.
Bid Requests: Develop, compare, distribute and save bids in one hub. Users may define deadlines and receive reminders, accept offers and incorporate them in contracts.
Estimates and Proposals: Construct estimates, allocate personalized proposals and close sales. Users may work with pre-set templates, obtain digital signatures and import information into Excel and other solutions.
To-Dos: Create and designate responsibilities to teams and subcontractors and send reminders to patrons. Users can add items to lists with voice-to-text capabilities, attach documents and photos and send prompt alerts.
Work-In-Progress (WIP) Reports: Produce WIP reports for maintaining projects in real time; obtain data for total billings, profit margins and costs to complete specific or all jobs; and receive current views of over or under billing for clients.
Payment Processing: Obtain check or credit card payments online, modify invoices through QuickBooks and Xero when a payment is received automatically and acquire safe and secure processing.
Budget: Track labor costs, billing, purchase orders and change orders in real time. Make adjustments as necessary, compare proposed to actual expenditures and work with multiple software integrations.

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Pricing

License/Subscription Cost	Large businesses can receive a quote while small/medium businesses can get 3 users for 299$ a month.
Maintenance Cost	Subscription & Support costs are based on a fraction of the license cost (25% of the initial license cost) Software Accelerated Value Programs are charged incrementally, calculated case by case. They're dependent on the exact service the customer needs. Buyers cannot opt-in to Software Accelerated Value Programs without paying the standard Subscription & Support cost
Training Cost	Self-service support is available online Multiple avenues for extended training and support. Support is available 24/7.
Recurring/Renewal Costs	Renewal fee depends on if a perpetual license or subscription was chosen.

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Sage 300 Construction

Start Price

^$6,600

Annually

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Why We Picked Sage 300 Construction

Sage 300 CRE is a cloud-based platform that helps small and medium-sized businesses enhance their construction accounting solutions. It is a straightforward and easily deployable system, but its user interface is clunky and requires an update. It offers comprehensive integration capabilities with third-party applications for carrying out seamless operations. It provides custom reporting options and has responsive customer service. Many reviewers have noted that minimal training resources, slow performance while processing data and difficult navigation throughout the system can affect the customer experience.

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Pros & Cons

Easy to Use: It is user-friendly, straightforward and easy to deploy, as noted by 57% of reviewers who mention ease of use.
Custom Reporting: It offers custom and detailed reporting options, as observed by 83% of the users who refer to reporting.
Integration: All the reviewers who specified integration report that it provides comprehensive integration capabilities with third-party applications.
Customer Service: It has responsive and useful customer support, as stated by 67% of the users referring to customer service.

Slow Performance: It can slow down while processing data, as noted by 100% of reviewers who mention performance.
Navigation: It is difficult to navigate through various tools and features in the system, as observed by 50% of the users who refer to navigation.
Training: Around 75% of reviewers who specified training note that training resources are minimal.
User Interface: Its user interface is clunky and requires an update, as stated by all reviewers mentioning interface.

Key Features

Risk Management: Mitigate risk and liability with defined risk management processes. Setting rigid risk limitations boosts client confidence and protects job sites from possible issues. Certified reports and insurance certificates raise safety and compliance standards on the job site.
Document Management: Paperless Construction solves older analog document storage methods by digitizing important paperwork and keeping it organized. Reduces risk by providing a clear audit trail. Keeps track of lease agreements, RFI’s and important drawings.
Real Estate Management: Manage multiple properties with static lease documents that can provide a wide array of informative data. Improve communication with clients and leverage agile leasing options to get the most out of properties.
Project Management: Identify problems with the current project before they become highly destructive issues. The Sage Construction Project Center provides a centralized location where all project team members can collaborate on any part of the operation from anywhere.
Assembly Databases: A complex assembly database can be used in conjunction with Sage Estimator to help project owners make the best bid. These complex databases show all important bid data from labor and equipment to overhead costs.

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eSUB

Start Price

^$49

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Why We Picked eSUB

eSUB streamlines project management, provides prompt feedback on projects and simplifies processing change orders and RFI correspondence swiftly. It boosts productivity by delivering accurate information, uploading pictures and communicating with the field staff in real time. Its centralized tracking system monitors job progress from start to finish, stores all work-related information in one place and keeps everyone informed. It is easy to implement, backed by helpful customer support and can be customized to fit a user’s workflows. However, the product has a steep learning curve to get used to its features, doesn’t offer a task reminder function and lacks flexible reporting features. It has limited default areas, logs out several times when idle and its mobile apps offer limited capabilities.

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Pros & Cons

Functionality: The system organizes daily tasks, tracks multiple documents like change orders and daily reports and helps apply contacts to multiple jobs. It simplifies project management and makes information available to relevant employees, noted 89% of users who talked about the product’s functionality.
Flexible: Nearly 81% of reviewers who talked about flexibility emphasized that the system can be customized to accommodate different workflows and allows clients to approve, revise or reject projects.
Centralization: The product offers capabilities to track all aspects of a job from a central location, making it easier to monitor work progress from start to finish, said 77% of users who mentioned centralization.
Communication: Approximately 83% of reviewers who talked about communication noted that the system fosters real-time communication between office and field staff and outbound exchange with the clients.

Learning Curve: There’s a steep learning curve involved to get acquainted with all bells and whistles offered by the product, noted 80% of users who talked about the learning curve.
Mobile App: Nearly 86% of reviewers who talked about the mobile interface said that the system’s mobile apps do not provide features like the website.
Reporting: The system doesn’t offer detailed reporting for information like timesheet data, said approximately 75% of users who talked about reporting.

Key Features

Document Control: Access project files in real time using the mobile app. Grant document access permissions to selected team members. Store all integral data in a virtual filing cabinet to help boost productivity.
Resource Planning: Schedule employees and equipment using drag-and-drop functionality. Allocate resources based on employee skill levels, project needs and equipment availability. Allow workers to check schedules in real time to help keep everyone on the same page.
Accounting Modules: Keep financial data secure and eliminate data entry errors. Record transactions to allow accounting staff to help determine profits and losses. Automatically transfer job costing data to existing accounting systems.
Integration: Share files across other systems with simple to use importing and exporting functionality. Integrate with popular ERP modules to tackle accounting needs and decide what documentations should be shared and with whom.
Purchase Orders: Create accurate purchase orders to receive fast approvals. View payment statuses in real time. Keep track of line items such as cost of parts, discounts, quantities and part codes.
Issue Tracking: Allow employees to create daily logs to track weather conditions, disruption hours and accidents to help resolve issues beforehand. Identify internal issues to manage workers efficiently. Receive notifications when tasks are nearing due dates.
Corporate Management: Access critical project data from one accessible location to help managers quickly generate and analyze reports. Email, approve, edit or attach reminders to change order logs with just a click. Track reports, drawings, submittals, transmittals and more to help make data-driven decisions.
Schedule Management: Assign and coordinate tasks effectively using Gantt charts. Copy tasks, durations and dependencies from past schedules to help save time. Manage resources efficiently using critical path scheduling functionality.
Correspondence Toolbox: Access letter and legal templates such as administrative forms, change directives, notices, contract documents and more. Create accurate documentation to avoid legal disputes.
RFI Tracking: Create RFIs using customizable templates to help gain quicker responses. Track RFI statuses to ensure all concerned clients are notified. Attach drawings, details, clarifications and relevant documents to RFIs.

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Pricing

License/Subscription Cost	Payment is made either on a per user or subscription basis.
Training Cost	On-site training and web training are available.
Recurring/Renewal Costs	Cost is equivalent to the monthly subscription fee, based on the number of users.

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Construction Cloud

Start Price

^$85

Analyst Rating

Company Size

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Deployment

Cloud On-Premise

Platform

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Why We Picked Construction Cloud

Construction Cloud offers a software suite consisting of designing, planning, operating, asset tracking and reporting modules to assist contractors, builders and designers in streamlining their work processes. Many reviewers were satisfied with the solution’s document management functionalities. Several users noted, the product offers an easy-to-use interface that helps speed up operations. However, many observed, a strong internet connection is required for the system to operate seamlessly. They also criticized that the licensing structure is costly for small-sized companies. Overall, the software’s a good fit for organizations needing help with construction management.

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Pros & Cons

User-Friendly: The platform’s UI is simple and easy to use, according to 75% of users.
Document Management: According to 96% of users who reviewed this pro, it’s simple to view project files and host contract documents in real time.
Model Coordination: More than 95% of users who mentioned this pro said the software allows subs and GCs to collaborate on models in real time.
Project Management: Regarding this feature, approximately 86% of users said that it’s easy to track project statuses.
Markup Tools: According to 70% of users who reviewed this, the solution enables users to export and archive markups.

Clash Detection: The platform doesn’t provide robust clash detection like Navisworks, according to 57% of users.
Cost: According to 95% of users who reviewed this con, the software is expensive compared to competitors.
Speed: More than 90% of users who mentioned this con said that it takes time to synchronize files.

Key Features

Asset Management: Manage assets throughout project life cycles. Access cut-sheets, training materials, certifications and warranty documents from a centralized location. Scan barcodes or QR codes to quickly retrieve asset-related documents on-site.
RFI Tracking: Link RFIs directly to 2D or 3D models, photos and project files to help gain clarity over issues and receive quick responses. Track RFI statuses using color-coded indicators. Grant role-based permissions enabling users to create, submit, respond to and approve RFIs.
Submittals: Create, organize and move submittals for reviewing to help detect conflicting issues. Add co-reviewers to get multiple opinions on submittals to help improvise project processes. Track submittals using activity logs.
Change Order Management: Automatically sync change order data with budgets to help monitor the financial statuses of projects in real time. Filter change orders by types, scopes, costs and sources. Auto-generate critical documents to help speed up change order processes.
Punch Lists: Create checklists to avoid missing out on important steps while performing inspections. Build safety forms to collect crucial information about job sites. Allow managers to sign inspection reports electronically.
Reporting and Analytics: Generate reports to help gain visibility into project trends, issues and patterns. Download new or old reports and share them with clients and team members to help make informed business decisions.

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RedTeam

Start Price

^$45

Analyst Rating

Company Size

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Deployment

Cloud On-Premise

Platform

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Why We Picked RedTeam

RedTeam is a construction collaboration platform that helps its customers face daily commercial construction challenges and manage projects on and off the field. Its basic level of functionality is easy to manage and operate. It provides seamless navigation capabilities throughout the system and a mobile app feature to enhance the user experience, but many reviewers have noted that it slows down and freezes sometimes. The submittal process is time-consuming and cumbersome. Also, it offers limited training tutorials and resources for new users, and its updates are difficult to understand. However, the support team is readily available and responsive to help requests.

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Pros & Cons

Ease of Use: Its basic level of functionality is easy to manage and operate, as noted by 86% of reviewers who mention ease of use.
Mobile App: Its mobile app feature is useful in the field, as stated by 56% of the users reporting mobile app.
Customer Support: Around 78% of reviewers who refer to customer service report that its support team is readily available and responsive to help requests.
Navigation: It is easy to navigate through different tools and options in the system, as observed by 57% of the users who specify navigation.

Limited Training: It offers limited training tutorials and resources, as stated by 56% of reviewers specifying training.
Slow Performance: Over 89% of the users who refer to performance note that it slows down and freezes at times.
Submittal Process: The submittal process is time-consuming and cumbersome, as noted by 75% of reviewers mentioning the submittal process.
Updates: Updates are difficult to understand and execute, as specified by all the users referring to updates.

Key Features

Project Management: Build a collaborative work environment to help streamline project processes.
- Change Orders: Create a reference list of previously established prices of project change orders. Reduce confusion as to where project pricing is coming from and create organized change orders.
- Submittals: Create and track submittal packages to help capture critical metadata.
- RFIs: Receive, track and share RFIs to maintain up-to-date activity logs.
- Scheduling: Integrate with Microsoft Project to import and export project documents. Access information off-site using the Gantt scheduling tool.
Subcontractor Verification: Run reports to identify any subcontractors whose credentials have expired.
Integrations: Integrate with Autodesk, PlanGrid, Levelset and DocuSign to help optimize project tasks.
Punch Lists: Make last-minute safety checks and pass on completed products to project owners.
Financials: Create commercial invoices and manage project budgets.
- Cost Plus Billing: Provide clear job costs documentation including employee expenses and subcontractor payment applications. Allow project donors to request documentation for monthly billing.
- Invoice Approvals: Validate vendors’ credentials such as invoices and insurance documents. Record and combine T&M sheets into invoices to generate accurate bills.
- WIP Reports: Access project information in real time to help organize finances efficiently.
CRM: Manage and track leads to build customer relationships. Convert leads into projects to create bids with just one click. Manage opportunities and compare competitive scores using an opportunity management reporting tool.
Reporting: Generate daily reports to help maintain visibility throughout the enterprise. Identify issues before they become critical problems.
Field Management: Allow workers to log hours using the mobile app. Capture images from the field and attach them to daily reports. Forecast weather conditions to keep projects on track.

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CoConstruct

Start Price

^$499

Jonas Construction Software

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Why We Picked CoConstruct

CoConstruct offers a user-friendly solution for construction businesses to remove ambiguities, streamline operations and enhance productivity. It defines the scope of work, helps delegate tasks to team members, fosters communication with clients and trade partners, provides an overview of all in-progress projects and adapts to business needs. It seamlessly integrates with Quickbooks and keeps track of budgets, project estimations, expenses, billing and invoices. However, the system is challenging to set-up initially. It is hard to implement, requires a steep learning curve to understand its capabilities and backend processes and is slow to respond.

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Pros & Cons

Functionality: The system streamlines organizational processes, efficiently tracks change orders, manages construction schedules and makes all information available easily. Its user-friendly interface helps define the scope of work, delegates tasks to employees and displays an overview of project status, noted by 81% of users who talked about the product’s functionality.
Communication: Nearly 79% of reviewers said that the product fosters communication with their clients, trade partners and clients and tracks all interactions so that they can be accessed anytime. It provides clients with greater visibility into project progress and stores all information in one place.
Mobile App: The system’s mobile platform provides easy access to schedules and tasks anytime, anywhere from any internet-connected device, without affecting field staff productivity, said nearly 81% of the users who talked about the mobile platform.

Flexibility: The system is customized to handle specific projects and does not offer capabilities to handle diverse projects, noted nearly 75% of reviewers who mentioned its flexibility.
Customization: Nearly 77% of reviewers said that the system offers limited customizations while grouping trade partners, lacks a checklist feature for completed tasks and doesn’t allow copying specifications to create new templates.

Key Features

Optimized Bidding: Attach estimations and specs directly to bids. Auto-load bid details to avoid double entry. Allow trade partners to update bid statuses.
Cost Control: Track costs against actual project bills to maintain accurate project budgets. Send verified work immediately to QuickBooks to create bills to help lighten the load on accounting employees. Create full PO items on estimates.
Accurate Invoicing: Create invoices from project costs and email them with a single click. Automatically sync invoices with QuickBooks and mark them completed when paid.
Budgeting and Forecasting: Update project costs with real-time data from budgets. Share budgets with clients without having to create cost spreadsheets. Automatically update budgets as clients make choices.
Punch Lists: Receive reminders about last-minute fixes and repairs. Let clients confirm the completion of tasks to keep everyone on the same page.
Lead Tracking: Keep lead data in one accessible location. Set scores and categories while finding interesting leads and track contact details and upcoming tasks. Stay updated about field tasks, lead acquisitions and administrative tasks.
Jobsite Activity: Allow field teams to input log notes using the mobile app. Create custom flags to report project issues, such as missing orders and late subs.
Timesheet Management: Track workers’ activities using time clock functionality. Allow team members to clock in and clock out from the web or mobile app.
Schedule Coordination: Integrate with iCal to access data from Google, Outlook, Yahoo or macOS/iOS calendars. Use existing schedule templates or import from other systems. Adjust schedules by typing or using drag-and-drop functionality. Send alerts and reminders to teams through email or text.

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Pricing

License/Subscription Cost	Dependent on the type of subscription range you choose.
Installation/Implementation Cost	No setup fee
Training Cost	Self-service support is available online Unlimited tech support is also provided
Recurring/Renewal Costs	Recurring costs depend on your level of subscription

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^$249

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Why We Picked Jonas Construction Software

Jonas Construction is user-friendly and intuitive. Its features like payroll, scheduling, accounting and more are helpful and easy to use for most users. Users like its payroll management feature. It is easy to export databases in Excel. Users like its permission management feature. Once some time is put into learning how to use the program, it is fairly easy to use. However, commas don’t show up on invoices when million dollar bills are generated. It does not have dashboards. Some users think that they had to buy modules they didn’t need to upgrade the program.

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Pros & Cons

User Friendly: The system is intuitive and accessible, as noted by approximately 85% of users who mentioned its usability and functionality.
Support: Users who mention its support say that response times are fast. Nearly 64% of the users who mention its support have good things to say about it.
Updates: Jonas Construction updates quite frequently, and almost 62% of the users who talk about its updates appreciate their functionality.
Interface: Nearly 70% of the users who mention its interface think it is accessible and easy to navigate.

Reporting: Almost 63% of the users who mention reporting think that its reporting feature could be improved and the generation of more types of reports should be added.
Learning Curve: It has a steep learning curve, as mentioned by 50% of the users who mention its learning curve.

Key Features

Accounting: All aspects of the software are integrated with the accounting module, eliminating manual errors and double entry. View expenses and income in real time with up-to-date financial data.
Job Costing: Manages, tracks and analyzes job progress. Lets users access job details easily and quickly to facilitate informed decisions. Gives users cost updates from other modules like inventory, payroll and accounts payable.
Dispatch Scheduling: Streamline operations and boost productivity. Drag-and-drop capabilities and sends new jobs via GPS routing to technicians. Lets technicians complete assigned work orders from the field, and their job details get integrated with payroll.
Job Scheduling: Creates, manages and updates job schedules. Schedule equipment and labor simultaneously and view all relevant timeline information. Uses Gantt chart formats that displays the schedule for every project.
Reporting: Measure all aspects of the business by generating job, service person, vehicle, asset, work order and high-level reports. Generates consolidated reports on profitability, costs, utilization, revenue and expenses.
Document Management: Reduce time spent searching for and filing documents. Helps users streamline everyday operations by storing documents by various criteria. Scan, import and upload documents from other applications.
Equipment Management: Assess equipment utilization and track associated expenses to maximize investments. Track usage costs and revenue on work orders or projects.
Inventory Management: Provides users with tools to track and manage inventory to minimize carrying and capital costs. Manage inventory maintenance costs, reporting and stock levels.
Payroll: Manage complex employee payroll, whether unionized, certified or non-unionized. Manages federal remittances, union requirements and reporting. Process monthly, semi-monthly and bi-weekly payroll and export it to third-party payroll software.
Service Contract: Complete service contracts and keep track of them. Manages planned maintenance agreements. Create bills for special customer rentals or services on a schedule using its contract module.
Purchase Order and Procurement: Order inventory items and receive items from their purchase orders. Use the purchase order module to create sub-contracts and customize forms.
Invoicing: Facilitates quick billing with labor records. Make changes and add data that automatically get revised within the software. Fixed price invoicing is also available for quicker turnaround.
Contract Change Orders: Supports a fully integratable job cost reporting and automatically updates billing and sub-contracts to eliminate duplicate entries.
Daily Log: Track details of projects and job sites with the daily log. Use this information to increase productivity. Tracks supervisors, materials, work performed, contacts, safety issues, weather conditions and subcontractor information.
RFIS, Submittals and Transmittals: Create, track and manage submittals, RFIs and transmittals. Complete RFIs from one location and attach it to a change notice and change order.
Budgeting: Plan and manage finances. Create budgets for multiple divisions and companies. Create multiple budgets within the general ledger. Ensures that forecasts are precise for decision making.

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Buyer's Guide

Real Estate Development Software Is All About Organization and Effective Management

By Gerrad Frei, Technical Content Writer at SelectHub

Real Estate Development Software BG Intro

As a developer, you’re at the mercy of chaotic markets, up-and-down demand and fluctuating labor and material costs. Couple that with the multitude of legal documents and contracts it takes to complete a project, and even the best developer can make costly mistakes or oversights. That’s where real estate development software comes in.

Much like other construction management solutions, it’s an end-to-end platform that helps you organize and track every project aspect while maintaining budgets and delivery timelines.

In this guide, we’ll tell you what real estate development software is, how it helps you manage projects and how to select the right platform.

Executive Summary

Real estate software helps identify valuable land for development and guides the construction process to ensure on-time and on-budget delivery.
Key features include bid, project, financial and document management, scheduling and data analytics tools.
Before buying, asking your vendor questions about their company and product is essential to finding the right solution.

What This Guide Covers:

What Is Real Estate Development Software?
Primary Benefits
Key Features & Functionality
Software Comparison Strategy
Cost & Pricing Considerations
The Most Popular Real Estate Development Software
Questions To Ask
Next Steps
Product Comparisons
Additional Resources

What Is Real Estate Development Software?

Real estate development software is a suite of digital tools that helps investors, designers, managers and contractors make business-savvy decisions while navigating every aspect of a project’s life cycle, from property acquisition to construction and sale.

It speeds up tedious administrative tasks by utilizing real-time data and built-in automation tools, allowing you to quickly generate accurate estimates, proposals, schedules and timelines. Analytics features save time and money by leveraging historical and real-time statistics to discover inefficiencies, errors or other areas of improvement.

Primary Benefits

Real estate development software provides various benefits for you and your business, a few of which we’ve listed below. Remember, depending on your business's needs and the platform's features; you may experience differing advantages from those listed below.

Real Estate Development Software Benefits

Real Estate Development Software Categories

Plan the Entire Development Process

With materials cost and labor availability still troubling the real estate and construction industries, crafting an efficient plan from procurement to delivery is essential to maintaining profitability.

Real estate development software leverages historical and real-time data to help identify a project’s critical path and determine scope. Using that information, you can create accurate, efficient, cost-effective schedules that protect your margins and ensure timely completion.

Maintain Legal Compliance

Whether small remodels or large commercial builds, developments require a mountain of legal paperwork. And if you miss any signatures or application deadlines, subsequent delays and cost overruns can quickly eat up your profit.

Real estate development software digitalizes every document and places it in a single location. This organization allows you to quickly access, catalog and manage permits, certifications, deeds, declarations of trust, land registrations, zoning evaluations, inspection records and other essential documentation needed to prove and maintain compliance.

During the pre-construction phase, you can create checklists for each necessary document and place alerts inside schedules or calendars to ensure you never miss a deadline.

Streamline Communication

As renters and buyers demand more and better amenities, development projects become more complicated, requiring better communication and collaboration between stakeholders. If your team isn’t in harmony during every step, one small mistake can grind progress to a halt.

Real estate development software acts as a single source of truth. Instead of creating multiple design documents at various stages of life, all stakeholders can reference a sole design document and see when changes were made and by whom.

Development solutions also automatically update contractors and other field workers when changes to delivery times or schedules occur. Also, team members on-site can instantly provide progress updates and photos to the main office so everyone is on the same page.

Reduce Errors & Improve Efficiency

Managing a development requires constantly switching focus, resolving one unexpected issue after another. And try as you might, that can lead to costly oversights and errors, especially when dealing with tedious and complex tasks like schedules and finances.

Real estate development software’s automated tools and premade templates relieve managers and other team members of time-consuming tasks like updating inventory, scheduling, researching and creating proposals.

By eliminating the need to complete tasks manually, automation saves work hours, prevents the risk of human error, reduces costs and allows you and your team to focus on more critical issues.

Key Features & Functionality

Each real estate development solution contains a unique suite of tools and capabilities, though some overlap often occurs. Below is a list of basic and advanced features you may find inside real estate development solutions.

Real Estate Development Software Key Features

Bid Management	Create, manage and track bids throughout the development’s lifecycle. Craft custom bids or utilize pre-built templates to ensure the inclusion of all necessary information and set a consistent format. Consolidate data from past proposals to identify success and failure rates so you can adjust strategy as needed. Some real estate development software allows you to request, receive and approve bids using an online plan room.
Project Management	Manage a real estate development from end-to-end, including planning, designing, resource allocation, inventory tracking and subcontractor management. Monitor progress in real time to ensure your team is on track to deliver a project on time and within budget.
Document Management	Digitize every document and consolidate them into one central location for easy access, searching and editing. Maintain and save all work orders, expense sheets and legal paperwork even after the project’s completion for proof of compliance and fast, comprehensive audits. All users have instant access to critical documents, such as designs, schematics, schedules and more, to help them complete tasks and ensure everyone is on the same page.
Reporting & Analytics	Using current and historical data, automatically analyze and generate reports on any KPI, such as project feasibility, lot calculations, crew performance and more. Discover possible obstacles facing completion and find solutions or create alternatives. Instantly create reports with Gantt charts, graphs and other visualizations. Email reports as PDFs and other formats to clients or government agencies.
Financial Management	Track and manage development and job costs, such as materials, inventory, equipment, time and change orders. Keep all expenses in one digital location to gain greater cost visibility and reduce double entries, oversights and other errors. Leverage past and current expense data to create accurate estimates and budgets. Use built-in analysis tools and templates to create and customize financial reports, like AIA billing forms.
Scheduling	Leverage automated tools to avoid delays, track progress and ensure completion times. Managers can quickly assign tasks to specific contractors and laborers and set completion times. Attach dependencies to variables to generate accurate timelines for projects and tasks. Schedule and monitor the distribution of materials, manning and equipment. Discover possible delivery delays or bottlenecks before they occur, reducing unexpected and unnecessary project costs.
Mobile App	Manage every aspect of development using a mobile device. When schedule or assignment changes occur, automatically notify stakeholders with an alert on their smartphone or tablet. Subcontractors have instant access to schematics, designs, checklists and more. Contractors can use the camera and their smartphone to take site photos and videos and attach them to work orders and task lists. Utilize inspection tools on mobile devices to perform checks, monitor incidents and track safety compliance of all sites and workers from the field or office.
Third-party Integration	Consolidate multiple data streams and eliminate information silos by integrating with third-party applications, such as CRM, BIM, work order management platforms and more.

Software Comparison Strategy

Selecting the right real estate development software can be overwhelming, with many options, features and prices to consider. To help you navigate so many choices, take a look at our software selection guide, which uses lean selection techniques to compare options and select the best fit.

In brief, the software comparison strategy starts by determining your business needs. What areas of your operation fall short? Do you need a solution with strong project management or budgeting modules? Don’t forget to consult with your team, as they may have a different perspective on your company’s needs.

From there, start creating a shortlist of platforms that address your areas of concern. Call or email vendors with critical questions that can help you learn more about them and their platform, read online reviews and ask industry colleagues for their recommendations. Some vendors will even let you test out their products with a free trial.

Cost & Pricing Considerations

Typically, the deployment method, cloud-based or on-premise, significantly impacts the price of real estate development software. However, other variables can also inflate a solution’s lifetime cost.

Cloud-based

Cloud-based software provides superior mobility by allowing users to access tools using an online or data connection for a monthly or annual subscription. These solutions appeal to small businesses due to the low cost of entry and the backend services provided by the vendor for little to no extra cost, like maintenance, updates and security.

Be aware that the base price of cloud-based options is usually not the final cost, as vendors often charge more for each unique user or require added fees to access certain features and service tiers.

On-premise

On-premise solutions usually require a considerable initial investment as either a one-time purchase or licensing agreement. As you house the server on your property, these platforms allow for greater flexibility, customization and security.

You’re responsible for any updates, maintenance, security and other backend operations which may necessitate hiring or contracting a specialist to perform these duties. Also, without cloud support, mobile capabilities may be limited or unavailable.

Hybrid

Hybrid platforms combine certain aspects and capabilities from cloud-based and on-premise options, which determines the overall cost.

The Most Popular Real Estate Development Software

Now that you know your company’s needs and what real estate software can do, the arduous task of finding a quality platform begins. To jumpstart your search, take a look at the three most popular real estate development software options available today.

CMiC

Built to handle projects of any size, CMiC is an end-to-end software deployable on-premise or through the cloud. Streamline every aspect of the development process, increase visibility and quickly manage documents by digitalizing the workflow. Create dynamic timelines to determine accurate project and task completion. Handle budgeting, forecasting, bidding and scheduling using built-in analysis tools.

Digitalize your workflow and consolidate all documents into one central location. Source

Procore

Oversee and manage multiple projects from the office or in the field with Procore. From small residential builds to sprawling commercial developments, the solution improves efficiency by allowing users to upload documents from anywhere, automating time-intensive tasks and providing real-time updates to managers. Track expenses and automatically send payment reminders to clients.

View and manage project designs for multiple developments. Source

ConstructionOnline

ConstructionOnline assists in all aspects of medium to large real estate development projects. Dynamic takeoff features automatically assign accurate material and labor costs using built-in customizable costbooks. Cloud-based, it provides access to critical documents and real-time data where and when you need them. Assign tasks, create punch lists and communicate with team members through the TeamLink portal.

Schedule and monitor every aspect of development. Source

Questions To Ask

Before shopping for real estate development software, it’s important to ask the following internal questions to identify your company’s needs:

What are the suboptimal areas of our operation? How will the software address those issues?
What’s my software budget?
Do we have plans to expand in the future?
Will deployment be in the field or only on-premise?
Do we have the infrastructure to support the server, or will we need to rely on the vendor?

Real Estate Development Software Key Questions to Ask

As you start crafting a shortlist of real estate development software options, ask the following questions to learn more about vendors and their products:

Is it easy to use? Will it take long to implement?
Is it suitable for the size and complexity of my company’s projects?
Is the software customizable and scalable?
Do you provide training, such as videos, guides or on-site representatives?
If technical issues arise, how long do tickets take to resolve?

Next Steps

Real estate development software is a comprehensive platform that streamlines and optimizes every aspect of a development project, from acquisition to delivery and even continuing property management.

Still unsure if you’re comfortable tackling a product search? Look over our comparison report for further insight into the top real estate development software leaders.

Product Comparisons

Additional Resources

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

By Gerrad Frei

Technical Content Writer

Gerrad Frei is a Technical Content Writer at Selecthub, specializing in construction management and field service management. An avid reader from an early age, he decided on a career in writing, studying Journalism and Broadcast Production at the University of Wisconsin, Platteville. When he's not reading or writing, he spends his free time with his wife caring for their many rescue dogs, listening to podcasts and saving Faerun from calamity in Dungeons and Dragons.

Technical Research By Shantashree Das

Senior Analyst

Hailing from the Northeastern state of Assam, India, Shantashree Das completed her Bachelor of Engineering (B.E) in Computer Science and Engineering at the Royal School of Engineering and Technology (now Royal Global University) in Guwahati. She then pursued her Master of Business Administration (MBA) in Operations Management and Marketing at Assam University, India, where she developed a strong interest in ERP. Over the course of her career at SelectHub, Shantashree has gained specialties in various ERP and construction software categories, such as Manufacturing Software, CMMS Software, Construction ERP Software, Warehouse Management Software, Supply Chain Management Software, Distribution Software, Field Service Software, Takeoff Software, Construction Bidding Software, Construction Estimating Software, Construction Management Software, Construction Scheduling Software, and Property Management Software.

Technical Review By Kankana Kalita

Principal Analyst

A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.

Edited By Hunter Lowe

Content Editor

Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.