Over at ConstructionSoftwareReview.com, we have noticed that a fair number of cost estimators, cost engineers and contractors in the construction industry use Excel to determine how much a particular project will cost and to prepare the cost estimate that they present to potential clients.
Is anybody out there using Microsoft Excel for cost estimating purposes, whether it's in construction or in another industry entirely? What are the pros and cons, the benefits and limitations, of using Excel? Do you use Excel as it is, or have you purchased (or downloaded) plug-ins that add macros, modules or formulas? Finally, is Excel an application that you'd recommend for cost estimating, or do you think you and your peers would benefit from industry-specific software?
Thanks for your input.
--Brian Eastwood, Site Editor
September 10, 2008 7:14 PM
December 7, 2011 9:19 PM