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Maxwell Systems Offers RSMeans Construction Cost Data

KING OF PRUSSIA, PA—April 7, 2010—Maxwell Systems, Inc. today announced that RSMeans Databases are now available with Maxwell Systems ProContractorMX , a comprehensive, all-in-one construction business management solution that includes key capabilities for estimating, job cost accounting, and project management in a seamless application.

Maxwell Systems has partnered with RSMeans, part of Reed Construction Data and North America’s leading source of construction cost information, to offer a variety of trade databases to use with Maxwell Systems ProContractorMX. These databases, which are updated quarterly, provide construction cost information for material, equipment, labor, and assemblies for work including commercial, residential, and construction specialties, covering everything from sitework to mechanical items.
 
“RSMeans 2010 cost-data solutions offer the most comprehensive cost information available,” said Daimon Bridge, Reed Construction Data’s Director of Cost and Analytic Products. “So by using Maxwell Systems ProContractorMX and the RSMeans cost data, contractors can make well-informed decisions about labor, materials, and equipment costs in order to submit accurate and competitive bids.”
 

“We are excited about our partnership with RSMeans, a widely respected organization that delivers top-notch cost data that will be invaluable to our customers using ProContractorMX for estimating,” said Mike Gillum, Director of Product Management-Estimating, Maxwell Systems. “Now more than ever, contractors need to produce tightly accurate estimates in order to compete and win work that’s profitable. We tailor our solutions to meet the demands of successfully managing construction business, and this new offering is another feature we’re eager to deliver.”

These RSMeans cost databases can be utilized with ProContractorMX:
Building Construction
Civil Composite
Commercial Composite
Concrete
Electrical
Facilities Composite
Heavy
Interior
Light Commercial
Master Union Composite
Mechanical
Metric
Open Shop
Plumbing
Repair and Remodeling
Residential
Sitework and Landscape

Each database comes complete with city cost indexes, which are used to accurately calculate costs for specific cities or regions. RSMeans databases are all available in UniFormat, a publication of CSI and CSC. UniFormat is the Uniform Classification System for organizing preliminary construction information into a standard order or sequence on the basis of functional elements. UniFormat is quickly replacing the standard CSI 16 division format.
 
Maxwell Systems ProContractorMX is a comprehensive, all-in-one solution that includes key capabilities for takeoff; estimating; bids and proposals; management of projects, procurement, financials, employees, payroll, and equipment; and intelligent dashboards and critical reports for timely analysis of projects or the overall business. It’s ideal for concrete, masonry, sitework, excavation, paving, drywall, and roofing contractors
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Sigfusson Northern LTD

Sigfusson Northern LTD uses Maxwell Systems StreetSmarts as its job cost accounting and project management software solution. With StreetSmarts, SNL manages all of the accounting practices and job costs for their seven entities across the U.S. and Canada; maintain information in one place, in one format; manage payroll in-house; track and bill equipment expenses; and streamline workflow between the office and job sites.

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Our Story of Complete Construction Software

Maxwell Systems provides construction software solutions that help contractors to streamline workflow, increase productivity, and improve profitability. Furthermore, we understand that today's contractors must optimize processes across all business areas to gain or maintain an increasingly important competitive edge and ensure a successful business. Critical, to that end, is timely and efficient communication and information access among estimating, job cost accounting, and project management teams.

By using a Maxwell Systems complete construction software solution, you'll be able to better operate your business with increased efficiency and streamlined operations, and confidently increase profitability on every project. You will have the tools you need to accomplish more in less time; taking the guesswork out of reaching true profit potential; and improving financial stability for long-term benefit.

Why Maxwell Systems?

Maxwell Systems is truly unique with its ability to offer contractors a complete, seamless software solution that allows:

  • A new level of continuity and productivity among estimating, job cost accounting, and project management
  • Better insight, analysis, and financial oversight for owners to make informed and timely decisions
  • Improved operational efficiencies, cost reductions, and increased profits

Contractors value having an end-to-end solution from one company:

  • All applications work together seamlessly
  • Efficient access to comprehensive support and services
  • A stable technology partner committed to customer success

How Your Business Benefits

A complete construction software solution from Maxwell Systems provides end-to-end control of your business so you can see a day's profit potential at a glance, identify and prevent potential financial losses, spot discrepancies and errors, and manage projects with accurate information in real-time.

With tailored features designed to fit each member on your team, construction company management software ultimately allows your business to:

  • Attain end-to-end control and increased visibility
  • Achieve easy and accurate reporting with real-time data
  • Optimize project execution for maximum profitability
  • Streamline operations with seamless workflow

The Bid-to-Cash Cycle Explained

Managing each of the key process areas of a construction business – Estimating, Construction Accounting, and Project Management – requires vastly different talents and areas of expertise. The reality is that each of these functional groups is related and dependent on one another.

For your organization to run in an optimal fashion, the groups much work together in an optimal fashion. Together, these functional areas compromise what we describe as the Bid-to-Cash Cycle. And our goal at Maxwell Systems is to provide software for construction so you can bridge the needs of the functional groups, better manage this cycle, and so maximize profitability.

When construction estimating software, construction accounting software, and construction project management software are working together in a seamless system as a complete construction business management software solution, then a contractor is truly poised for optimal profit and productivity.

How does a complete solution fit your part of the cycle? Here are a few examples:

  • Owner: It's all about reducing waste, uncovering lost opportunity, exposing shortcomings, and maximizing resources – all which impact profit and the bottom line. With end-to-end visibility of every project, executives can hone business strategy, improve control of cash flow, and keep financials in the black with accurate ROI.
  • Estimator: Beyond estimating projects, the estimator can access more accurate information in regards to how the project actually performs. This will allow the estimator to improve accuracy on future estimates with actual labor and production rates, updated material prices, and other resource related items.
  • Accounting: Not only a company's construction accounting system, a complete solution helps to streamline the procurement processes for optimal efficiencies and produces more accurate purchasing processes. Additionally, billing processes, inventory issuances, and many other processes are streamlined. Less data entry, better accuracy, and reliable audit trail allow convenience and peace of mind.
  • Project Manager: The seamless workflow from Estimating to Project Tracking allows for a streamlined method of creating the job and then tracking performance against the estimate. Within the complete solution, the construction project management programs also provide the detail required for the Project Manager to understand what the Estimator was thinking when the bid was put together. Plus, by accessing real-time information whether in the office or in the field, the project manager can track progress, be more agile, and better handle all aspects of jobs from beginning to end.

Bottom Line

To succeed in today's competitive marketplace, construction business owners must improve productivity and have end-to-end visibility to see how jobs perform (and turn profit) from start to finish. Maxwell Systems knows construction company software and can be your partner by offering truly unique products (as well as support and services) that address the entire construction project lifecycle – from digital takeoff through final cash payment. Our seamless system provides your company with all the capabilities you need for estimating, job cost accounting, and project management, and ultimately for superior insight and analysis of your business.

Imagine the flexibility and insight by having one solution for estimating projects, for construction accounting programs, and for construction project software! All that and more in one system will help your business be more competitive and profitable.

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