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MD Sultan
Mar 30

6 Key Elements to Assess Technology Costs in Construction

in General Discussions

One of the most important things you can do when choosing new construction management software (or hardware) for your business is to employee contact list assess how much it's going to cost, not just initially, but also over time. .This is called “Total Cost of Ownership” (TCO) and although it is a difficult calculation to make, it is absolutely critical to your business bottom line. After all, even free construction software has a cost. When it comes time to employee contact list invest in new technology for your business, if you don't do a full TCO analysis, you're putting yourself at major risk.What will you need to purchase to implement the solution?


Are you buying software as a service (SaaS) or something that you will need a server for? If you're buying SaaS, will you need to additional bandwidth or network capacity? Will you need to replace or upgrade your employees' hardware?These are all questions you should be able to answer with relative ease, and your vendor will be able to employee contact list give you the specific infrastructure requirements for their product.Stock building image via ·via Pixabay2. License and subscription feesThere are many different pricing models for software, and each has its pros and cons.Per-Seat License Fee.


Applies when you purchase software to employee contact list install locally. Per-seat license fees are a popular option because you know exactly what the software will cost. The downside is that if you add employees, the cost can start to skyrocket. Often license fees recur every year to employee contact listcover support and upgrades.Subscription fees: Most SaaS solutions charge monthly or annual fees, also based on the number of users, although there is usually a cap on how much you will be charged, so you have some flexibility. There are often different levels of service, with many additional features you might need in the more expensive tiers.Single License.

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