4castplus 4 OwnersEngineering Procurement Software

 

Gain Total Control and Visibility into Project Costs and Vendor Performance. Eliminate Project Surprises and Slash the Chances of Project Cost Overruns

 

Owners and Producers today are more aware of the need for project cost controls on major projects. It’s time to wipe out the surprise of unexpected costs that stack up as a project is coming to a close. For full control and visibility into costs, remaining cost-to-complete and vendor performance, owners and producers are demanding end-to-end Project Cost Management Solutions.

 

Featuring

4castplus delivers a fully integrated solution for Owners to achieve total control and real-time clarity into their projects. Read this quick feature list to get a glimpse:

  • Powerful Project Estimating
  • Time-Phased Budgeting.
  • Project Forecasting and Earned Value Management
  • Full Project Cost Controls with Real-time Reporting 
  • Real-time Project Tracking for LEM
  • Real-time Unit-Progress Tracking & Reporting
  • Tightly Integrated closed-loop Procurement System with full visibility into vendor commitments, full RFQ management
  • Complete Purchase Order Management including Commitment Tracking & reporting
  • Change Order Management with Approvals and tie-in with procurement 
  • Import live cost data feeds from EPCs and Contractors. Get real-time progress and cost information.
  • Integration with Financial Accounting system / ERP
  • Share Key Documents and collaborate with Vendors – Project Team-Room portal
  • Extremely powerful Cash-Flow Reporting
  • Create “Programs” as a portfolio of projects and achieve powerful program-level reporting
  • Synchronize schedule with MS-Project.
  • Total Contingency Management.
  • Document Control. Upload and attach any documents, forms, diagrams, etc.
  • Vendor management and reporting including vendor productivity and rating
  • Business Intelligence Reporting for aggregate reports on project and cash flow status, resources, vendors and much more


 

 

Detailed Project Estimating

Owners can create fully detailed cost and revenue estimates in this powerful project estimating solution. There are very few tools on the market that can come close to matching the power and flexibility of 4castplus estimating. Here are a few of the features:

  • Create detail or non-detail estimates in an easy-to-use estimating interface. 4castplus has built-in ability to manage your labor, equipment and materials libraries – complete with cost rates – to populate estimate details.
  • Build Time Phased Accrual Plans to get a full visualization of anticipated cash expenditures both on single project and an aggregated project views
  • Many powerful Benchmark Reports are available to show historical rates paid on all material, equipment and labor resources.
  • Template Estimating Norms
  • Built-in contingency management
  • Single-click reports to show historical activities and rates for any resource-item
  • 4castplus estimating is tightly integrated with: 4castplus Procurement, Project Tracking, Change Order Management, and Project Forecasting & EVM

 

Real-Time Project Tracking and Reporting

4castplus integrated project tracking system is packed with features to enable Owners to track every detail of their project – in real time. Full support for Labor, Equipment, Materials, Expenses, Committed Costs, Paper Invoices and Unit of Progress tracking. Gain amazing visibility and reporting on what exactly is happening on your project at any time. Keep a close eye on your contractors, your suppliers and your employees. Track actual costs against estimated costs that were time-phased to get a deep picture of Estimate vs. Actual on every item in your WBS. Reporting is interactive, so you can drill-down to uncover anomalies that may be causing unexpected results. Produce printed reports in a single click to share with your project stakeholders. Check out this video for more.

Construction project management software

 

Manage Vendors and Trades

4castplus helps you control and report on all the activities of your vendors and trades. Easily produce historical reports on vendor productivity, cost and trends.  Stay in sync with the whole project team during execution by sharing documents, RFIs, Submittals, Purchase Orders, RFQ and more through the Project Team Room portal. Rate your vendors & trades using a built-in star-rating system. In a single click, bring up a materials benchmark report that shows historical rates paid by supplier, project, purchase order, etc.

 

Fully Integrated Procurement System

From Purchase Requisition to RFQ to Purchase Orders to Commitment Tracking – 4castplus has it all. It’s all integrated together so no data gets lost, and you never have to copy information from one place to another. There is no disconnect between project and purchasing with 4castplus; everyone’s looking at the same information. Current, accurate information. Costs are incurred on the project as commitments are tracked, so there’s no delay in recording costs from vendor progress – so no more surprises at the end of a project as invoices roll in from your vendors. You can also simplify the document management of RFQ and Purchase Orders by utilizing the 4castplus Team Room Portal to share key documents and information without having to rely on email. Everything’s transparent between you, your vendors and your clients so you can rid yourself of that communication gap and clutter of spreadsheets. You simply can’t find better engineering procurement software on the market. Have a look at this article for more: http://www.4castplus.com/close-the-project-procurement-gap/. 

 

One-Touch Data Simplicity

Organizations seeking to reduce the need to re-key data from one place to the next will achieve the control and simplicity of One-Touch data. With 4castplus, information only goes in once; then is used in multiple places for multiple purposes. Collaborate with your project team on estimates, procurement and change orders. Everyone’s looking at the same information all the time – no fear of data being out of date or not in sync. 4castplus is available anywhere and on any device, so you can access it from work, home and the airplane and you’re always in sync.

 

Project Forecasting and Earned Value Management

Knowing what you’ve Estimated to spend along with you’ve Actually spent is powerful by itself; but also knowing what’s Remaining to be spent is where the big value of 4castplus really shines. Having accurate forecast to complete (ETC) numbers along with Cost Variance (CV), Schedule Variance (SV) and Cost Performance Indicators (CPI) provide enormous early indicators of where your project is at. No more surprises at the end of your project that you’re over budget. Find out early if there are any performance issues so you can take corrective action to bring them back on track. 4castplus provides a full forecasting and EVM solution to ensure total clarity into project performance and productivity.

 

Time-Phased Budgeting and Accrual Planning

Time-Phased budgeting is critical for cash flow management. Knowing that you have a $70m project is important, but knowing when that $70m is going to be spent really brings it to the next level of project financial planning and cost control. By using real contractual agreements as to when items are planned to be paid for, the project manager is then armed with an accurate timeline that predicts project spend patterns. You can even aggregate many projects together in a Forecast Spend Summary report to gain a month-by-month insight into total project expenditures. 4castplus engineering and construction estimating software is by far the most robust and easy to use system available anywhere. Click here for more…

 

 

Earned Value Management

4castplus has a built-in robust Project Forecasting and Earned Value Management system. This provides excellent performance metrics to identify any issues that may be occurring to provide an early-warning system so that issues can be addressed early in the project. It also enables users to anticipate project results to enable good project transparency and reporting. No-one likes surprises at the end of a project that you’re over budget, so it’s key to share this kind of information early and often to avoid misunderstandings and apply corrective action. Cost Variance, Schedule Variance, ETC, EAC, CPI, SPI are all tracked & trended.

 

So Much More to Talk About

There’s so much in 4castplus to benefit Owners and Producers, it’s impossible to know when to stop. The best thing is to let us show you by contacting us for a free demo.

 

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Project cost control software

 

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Ten Reasons

Quick Tour

  • What Customers Say

    • “4castplus has given us the solution that our industry has been crying out for. We’ve finally found the ideal answer to managing construction projects.” -I. Salameh
    • “4castplus has transformed our business. All our staff - from engineers to project managers to administrators - are dialed into the same real-time data. It's been awesome.” -B. LeDrew
    • “After searching for years, 4castplus is the only tool I’ve found that answers all my questions so perfectly.” -B. Penny
    • “The team at 4castplus really take the time to understand our business. They treat us well, they're responsive and truly have an amazing software product. Highly recommended.” -Robin W.
    • "In addition to the enormous boost to our business and productivity that 4castplus provides us, it also enables us to deliver critical real-time project information to our customers. That gives us a huge lead on our competitors - they can't touch us." - K. Britton
    • “We’re grateful that our needs and concerns are being so well addressed by 4castplus. I feel confident in the software, the team, and their ability to continue to create user friendly solutions to our Project Management and Procurement needs.” - P. Kufeldt
    • “This software could even make a bad project manager look good. ” -Richard M.