What costs can be tracked with FirstBit ERP?

FirstBit ERP allows you to track all types of costs, including materials, labor, equipment, subcontractor expenses, overheads, and unexpected costs. This helps ensure accurate cost allocation and detailed project cost management for contractors.

Is there a multi-level approval system in FirstBit ERP?

Yes, FirstBit ERP includes a built-in approval designer tool that enables users to create multi-level workflows for all documents and requests. This ensures that budgets, requisitions, and other project-related expenses are approved according to your company’s hierarchy and policies.

Can FirstBit ERP handle complex cost allocation across multiple projects or departments?

Absolutely. FirstBit ERP is designed to allocate costs across multiple projects or departments accurately. The software tracks expenses based on specific project budgets, ensuring proper distribution and real-time visibility into financial data through project cost management.

What reports can I generate with the FirstBit project cost control module?

FirstBit ERP helps you generate a variety of detailed reports, including project P&L, cost analysis by category, budget variances, cash flow forecasts, and completion analyses. These reports provide actionable insights to optimize project profitability. Request a demo to see the full range of features and reports we provide.

Does the software support cash flow forecasting for construction projects?

Yes, FirstBit ERP includes tools for cash flow forecasting as part of project cost management, allowing you to create project-specific forecasts based on schedules, budgets, and historical data. This helps you plan liquidity needs and avoid cash gaps.

How does FirstBit ERP handle changes in project scope or unexpected costs?

FirstBit ERP tracks changes in project scope or unforeseen expenses by integrating them into the cost control system. You can update budgets, monitor variance reports, and adjust resource allocations in real time, ensuring that these changes are accounted for accurately.

Can we calculate the cost performance index in FirstBit ERP?

Yes, provided project progress data is updated in a timely manner, FirstBit ERP can calculate a lot of indicators including the Cost Performance Index (CPI) and Schedule Performance Index (SPI). These metrics help contractors measure efficiency and assess project health.

Can FirstBit ERP import project BOQs?

Yes, FirstBit ERP supports the import of project BOQs using customizable Excel uploaders. This feature helps contractors streamline takeoffs and ensure accurate estimation creation based on detailed data.

How to calculate project cost formula?

In the FirstBit ERP, the project cost is calculated by summing all direct costs assigned to the project (materials, labor, subcontractors, equipment, etc.) and then allocating indirect or overhead costs based on predefined allocation rules. The system then produces: Actual Project Cost = Direct Costs + Allocated Indirect Costs.

Project cost control

Construction Cost Management Software
for Contractors in the UAE

Always stay on budget and maximize project profits

Master project budgeting with precise estimating and real-time cost control tools. Compare profitability, cash flow, and budget deviations across your entire portfolio of projects. Connect WPS and BOQ, track costs by BOQ line item, manage change orders, and forecast cash flow by project — all in one system.

Replace spreadsheets and reduce profit leakage with a ready-made construction ERP module for project cost control, built specifically for contractors in the UAE.

Request a demo

See pricing

Trusted by

ESTIMATE

Improve the accuracy of project bids by 30%

Reuse templates from completed projects to create BOQs and generate precise estimates faster
Generate RFQs and compare suppliers to secure the best prices through project cost management
Auto-calculate material, labor, and overhead costs based on internal standards and specifications
Create and revise quotations while keeping the full history within cost control software

Request a demo

ALLOCATE

Streamline cost allocation with BOQ-based budgets

Record and categorize expenses according to predefined budgets using construction cost control management
Automate allocation of all costs including overheads to specific projects, project phases, departments and cost centers
Report and analyze project costs by category or department to optimize expenditures

Request a demo

CONTROL

Control procurement against live project budgets

Link site requisitions and purchase orders with project budgets
Get real-time updates on billing statuses to quickly identify and address budget variances
Set up approval workflows to ensure that all requisitions and purchase orders are reviewed and approved in accordance with budget constraints via project cost management
Track committed costs before supplier invoices arrive and get real-time visibility into budget exposure at the requisition or purchase order (PO) stage

Request a demo

ANALYZE

Monitor budget performance with P&L

Get a detailed view of revenue and expenses via Profit & Loss reports specific to construction projects
Compare budgeted versus actual figures right within P&Ls
Identify profitable projects and areas where costs can be controlled based on real-time data
Create and export reports tailored to your specific needs powered by construction cost management tools

Request a demo

TRACK & PLAN

Avoid cash gaps with cash flow tracking and forecasting

Generate project-specific cash flow statements that reflect all income, expenses, and cash movements associated with a particular project
Get real-time updates to monitor the cash position of each construction project continuously
Use construction software to plan future cash flows based on current data and ensure projects remain financially viable

Request a demo

Achieve your goals with these features

UAE contractors rely on FirstBit ERP to manage 10+ active projects in one system. After implementing these project cost control tools, they can monitor profitability, cash flow, and budget deviations in real time and achieve up to 20% reduction in project costs.

Estimating based on BOQ

Upload or create BOQs and make estimations by BOQ lines using templates within project cost management

Project cash flow plan

Create detailed project-wise cash flow forecasts to ensure sufficient liquidity.

Overheads calculation

Automate the calculation of project overheads as per cent from direct costs.

Project cost allocation

Allocate costs of all types (materials, labor, equipment, subcontractors, overheads) across projects and departments.

Project completion analysis

Evaluate project performance, comparing costs, timelines, and resource usage against initial estimates.

Project P&L

Generate profit and loss statements for individual projects to assess financial performance and profitability.

Budget variances

Track and analyze differences between budgeted and actual costs to identify areas of overspending or savings.

Project costs analysis

Analyze project expenses by category, activity, task, or cost item.

Project progress report

Track progress by milestone, task, and BOQ line with detailed reports that show where each project stands.

Project graphs

Visualize project data with graphs and charts, providing insights into costs, cash flow, and resource usage.

Electronic approvals

Approve requisitions, purchase orders, estimates, budget changes, and time cards faster with structured digital workflows.

Explore our solutions for project cost control

Who can get better results with First Bit Project Сost Сontrol module

Owner | CEO

Make informed strategic decisions with better project visibility Explore

CFO

Control costs and project profitability Explore

Project manager

Get a 360° view of project progress and costs Explore

See FirstBit ERP solutions in action

Discover how our system solves the unique challenges of contractors in a personalized demo.

After the demo you will get a quotation for your company.

Frequently asked questions

Don't find an answer? Meet our expert to get a detailed quote.

Construction project cost control software is a tool designed to help contractors and project managers monitor, manage, and optimize costs throughout all phases of a construction project — all within the framework of construction cost management. As part of FirstBit ERP, cost control is not a standalone feature but an integral module synchronized with financial management, procurement, and project management. FirstBit ERP provides tools to track budgets, allocate costs across departments, monitor expenses in real-time, and analyze project profitability, ensuring seamless cost control as part of a unified system.