10- BuildersMeet cloud-based WIP Management System

BuildersMeet has designed solutions for the step-by-step growth of different construction business types. Its integrated Solutions serve your business to maximize financial values (e.g., sales and production planning, etc.) as well as combined with complementary technologies. This comprehensive approach accompanies you to reach beyond your goals.

BuildersMeet WIP Management System

• Work In Progress

Businesses are going to make services or products which are their outcomes. Before finishing this process, the partially finished output awaiting completion is “Work in Progress (WIP)”. Accomplished WIP equals an asset that is selling and buyable.

Construction projects, such as building or renovating a home, usually take several months to years. During the project period, its management, budget, and time tracking, carrying it out at various stages of the process is important and crucial.

These are the keys to the project’s success:

• Capital cost control
• Observing the defined time schedule
• Supplying project materials at the best price and at the right time
• Hiring qualified contractors

• Work Breakdown Structure

A work breakdown structure (WBS) is a deliverable-oriented breakdown of a project into smaller components to be executed by the project team. A WBS is the base of effective project planning, execution, controlling, monitoring, and reporting. All the work contained within the WBS is to be identified, estimated, scheduled, and budgeted.

• Capital Cost Control

Capital costs are fixed, one-time expenses incurred on the purchase of land, buildings, construction, and equipment used in the production of goods or in the rendering of services. In other words, it is the total cost needed to bring a project to a commercially operable status.

Controlling and monitoring capital expenditures during the project is an important issue for its success. Considering the budget-based WBS and comparing the project expenses are the main points of Capital Cost Control.

All builders have encountered the isolated different data types from paper to spreadsheets documents and separated utility software for controlling the progress of their projects. The direct results of this situation are the lack of transparency, complexity, and dependence on the individuals who solely know how these systems work.

BuildersMeet Cloud-Based WIP Management System has been developed by considering the needs of Builders to be able:

• Defining work in Progress (WIP) Breakdown Structure (WBS) for the project by BuildersMeet template, from their past projects, BuildersMeet ready-to-use templates, or manually in a special self-defining way.
• Budgeting based on WBS and Capital cost control
• Controlling project time schedule -automatic tracking and deadline messaging
• Preparation bill of materials(BOM) and buying goods and materials at the best price and in the shortest time, integrate by Virtual Store system

And gives them:

• Assistance in hiring selected and qualified contractors to carry out the project, integrate by Deal Maker solution.
• An accurate picture of different financial sources of the project separately for both Capital Costs and Reports

All these services and WIP documents in integration with BuildersMeet Digital File Library Solution are accessible everywhere at any time.

The software has been organized as follows:

1. Add New WIP

New construction WIP will be starting here by entering the project information, selecting its type like detached, semi-detached, etc., and job type as it is a renovation or complete building.

Users can create project WBS manually, copy it from previous projects, or use BuildersMeet WBS templates.

2. Pay Sources

Project financial resources as well as loans, shareholders investment, etc., and its description like who has invested in this source is clarified in this section. This part was created to avoid future disputes among partners.

3. Manage WIP

A list of all WBS projects with time tracking and cost control elements is reported on the first page of managing WIP. Under any project, the detailed data of each WBS item has been extended visually and numerically. All items are controlled through the system and are editable. 

4. WIP BOMs

Scheduling time and budget is a basic job in WIPs software. BuildersMeet is unique because of its integrated software. By defining the Bill of material(BOM) in this part, the Project WIP automatically joins to Virtual Store and Deal Maker solution. 

5. WIP Contracts

In this section, the clients could create a list of contracts for each step of their WBS item as a foundation for finding matched contractors. BuildersMeet saves contracts in the Digital File library solution. So, they can search for them in this part and see their details.

6. Deal Maker

Up to this point, the builders are supported by the bill of materials and the contract lists, which are the demands of the builders at that time. BuildersMeet has integrated WIP software with Deal Maker solution to connect these demands to suppliers and contractors. The result will be a list of matched goods and materials at the best price and in the shortest time for builders’ decision-making.

7. Add Cost Documents

Timely archiving of project costs is essential for any professional builder or general contractor. Their experiences over time lead them to believe in the value of clarifying the details of their expenses, such as filing documents, recording transaction methods, payment sources, total tax value, etc. Cost Document part of WIP software lets to add expense data and archive it in Digital File Library for corresponding project costs.

8. issue Invoice 

If you need to issue an invoice to present to your employer, you can use the invoice processing that is integrated with the WIP management system.

By applying the overhead coefficient of the project on the costs calculated in the stages of the project based on the Work Break Down Structure (WBS) of the Work in Process (WIP), create and send the relevant invoice at your desired time accurately and quickly.

This integration is designed to increase the effectiveness of getting paid on time and save time. All the issued invoices will be organized in a searchable library.

With BuildersMeet WIP management software, users access and edit their data anywhere and anytime.

All BuildersMeet solutions are integrated, and the WIP Management Software is integrated with 

• Virtual Store Software
• invoice Processing Software
• Deal Maker Solution
• Digital File Library Solution

Although it’s easy to set up your “WIP Management Software”, it is supported by BuildersMeet customer service, video, and PDF tutorials.

We are with you in each step to create your perfect Website. 

 Find more on our Website and YouTube.

BuildersMeet WIP Management Software Pricing 

BuildersMeet follows the competing strategy for pricing this product. the price per Work In Progress is  $1,000. BuildersMeet tries to increase the good user experience and because of that lets them have the opportunity to use this tool with a 75% discount for the first time.

BuildersMeet WIP Management Software

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BuildersMeet hopes to be a real solution for its valuable customers to earn more than they pay.