YOU CAN BUILD OR YOU CAN BUILDSMART

BuildSmart, Construction Cost Management Software that outperforms generic ERP solutions. 

BuildSmart provides contractors with the tools to make informed decisions using real-time data.

As a feature-rich enterprise financial accounting and cost management solution, it empowers contractors to take control of costs, report accurately and deliver results. 

  • Fit-for-purpose software solution
  • Designed by industry professionals
  • Transforms businesses in the built environment

11 Reasons Why BuildSmart Trumps Generic ERP Solutions

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Our Unique Cost Value Reconciliation (CVR) report is unrivalled in the construction industry!

The most important aspect of a project is understanding how profitable it will be. This is achieved by separating completed tasks from those still in progress. Once you know your final revenue forecast, you can then accurately state the current final position of a project.
Knowing where your project stands will enable you to correct and influence its outcome. By providing a complete and real-time report on all activities affecting a project, BuildSmart empowers stakeholders to make informed decisions based on its status.
With complete accounting of all costs, from tender to final accounts, this solution breaks financial data down into commercial and operational silos; delivering one source of truth to all parties.

 

Information at Your Fingertip

 
  • Detailed real time actual plus accrued verse allowable / budgeted reporting
  • By project, contract, activity, cost type and cost code
  • Key commodity tracking, budget vs actual quantity, rate and total value.
  • In system cost reporting linked to bespoke cost reports

 

Multiple Dashboards

 

The BuildSmart dashboards provide you with visual analysis of various fundamental parameters and metrics enabling:

  • Enhance Visibility
  • An Overview of key KPIs
  • Better Decision Making
  • Assessment of Performance
  • Creation of Actionable Insights

11 Reasons BuildSmart Trumps Generic ERP Solutions

Invoicing

BuildSmart contract debtors’ invoices are based on the valuation process; considering the construction elements of total work done, previous and current months combined with the control of advances, contra charges and retentions with release dates.

Management Report

By separating completed tasks from those still in progress, BuildSmart produces intelligent reports that focus on critical data such as costs reconciliations, budgets vs allowables, and earned value management. Thus, the project profitability can be accurately monitored.

Procurement

BuildSmart’s procurement module is integrated with Candy (RIB’s estimating & project control solution) and works with Candy’s shopping resource list. This ensures visibility of the resource level allowable in quantity, rate, and total during the construction process.

Plants

With a complete toolbox to support plant monitoring, ownership, maintenance and running costs at a group, category, or individual item level; BuildSmart enables the complete management of a plant fleet - no matter its size or location.

Consolidation

BuildSmart is flexible and can serve multiple organisations, including full or partial consolidations based on percentage shares of joint ventures or shareholding. International groups are also fully covered by excellent multi-currency functionality.

Contract timespans

With BuildSmart’s ability to report on a contract over multiple financial years while considering current transactions, users are provided with the life-to-date position of a contract for accurate year-to-date reporting.

Ledgers

BuildSmart features a ledger with a dedicated costing section that accounts for profit allocation (as per the IFRS 15 standard for construction) and offers complete control of, and reporting on, work in progress.

Statements

BuildSmart users stay on top of every invoice and payment made, thanks to contract debtors’ statements that always report retentions and advances correctly.

Income and Expenditure Tracking

BuildSmart generates reports that are critical for construction companies seeking to understand the actual value of their contracts and identify areas in which greater financial efficiency can be achieved.

Differentiation between Subcontractors and Creditors

BuildSmart is designed to accommodate the unique payment processes of subcontractors.

User Permissions

Designed to bring all stakeholders onto the same platform but limit access according to their roles and authority matrixes.

You wouldn’t use a forklift to break ground so why use any generic ERP solution?

BuildSmart is designed for the built environment and requires no additional customisation or investment to perform at its full potential.  Contact us to make the right choice for your construction business today.

Organisations around the world use BuildSmart

Safraz A. Khan
Business Development Manager
"It was time to upgrade from our internal MS Dos system… and RIB Software stood out as an apt replacement for our organization and they definitely lived up to that name. the world is becoming increasingly digital and RIB Software is the perfect steppingstone to help organisations adapt to the changing world"
Luke Ashe
Commercial Manager
“RIB Software delivered more than we expected in a very short time frame. As part of the implementation process, the team ensured thorough knowledge transfer. This has enabled BK Gulf to realise the full benefits of the products immediately. We certainly made the right decision for our business by choosing RIB Software as our business partner”
Mubarik Hussain
Head of IT
“With the risks and costs involved in deploying ERP systems, selecting the right people to partner with is as important as the right products – RIB Software definitely fulfilled both criteria. We've been able to develop effective project cost control for construction projects, that has not been possible to do with previous systems implemented”
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