Newforma vs. Cost Gem

Newforma is a leading project information management software suite designed to transform collaboration and communication in the architecture, engineering, construction, and owner/operator (AECO) sectors. With products like Newforma Konekt, Project Center, and Constructex, the platform delivers powerful tools for BIM coordination, centralized document management, and efficient submittal workflows. Newforma Konekt’s innovative 2D/3D viewer enables users to quickly unify and explore multiple IFC project models, significantly enhancing BIM collaboration and construction efficiency. By integrating email directly into the project management environment, Newforma ensures streamlined communication, increased accountability, and reduced risk of litigation. The platform supports both cloud-hosted and on-premise deployments, giving firms flexibility in data management and security. Millions of users across thousands of projects rely on Newforma to manage billions of emails, file transfers, and submittals with robust audit trails and dispute resolution capabilities. Customer feedback emphasizes dramatic reductions in response times, cost savings, and workflow efficiencies, with some processes shortened from weeks to hours. Newforma’s comprehensive connectors and integrations enable seamless data unification across applications, simplifying complex project environments. The platform’s strong focus on information governance and risk management helps firms mitigate legal exposure while improving overall project outcomes. Ultimately, Newforma empowers AECO professionals to deliver projects faster, safer, and with greater confidence.

Cost Gem functions directly within your web browser, meaning there is no need for any software downloads. You have the ability to adapt project stages to suit your specific design processes and view reports instantly. The platform enables you to allocate team members to particular projects in the timeline, forecast revenue, and invoice your clients with ease. Designed specifically for businesses that charge for their time in construction or building-related tasks, Cost Gem distinguishes itself from other timesheet and project management applications that claim to cater to various sectors. Our focus is exclusively on your requirements; if your enterprise includes offering services from the initial design phase to the ultimate handover, this software is an ideal match for you. With its intuitive interface and dedicated features, Cost Gem guarantees that your project management will be both efficient and organized. Moreover, its continuous updates ensure that you always have access to the latest tools and capabilities to enhance your workflow.