Funding
Funding not disclosed
Founders
Product
Problem
Residential builders often spend 30‑40 hours manually creating quantity‑survey spreadsheets from architectural plans, leading to delayed bids, margin erosion, and lost opportunities.
Solution
Truecost offers an AI‑assisted estimation platform that converts uploaded architectural drawings into detailed, itemised cost plans in under an hour. The system’s intelligent quantity‑surveying model applies up‑to‑date Australian supplier rates to generate accurate pricing for materials, labour, and allowances. Results are delivered through an interactive dashboard with visualisations and can be exported to Excel or PDF for client‑ready presentations. By automating the traditionally spreadsheet‑heavy workflow, Truecost enables builders to produce fast, precise estimates, protect profit margins, and increase win rates on new projects.
Target Audience
Primary customers are residential construction firms and independent builders who need rapid, accurate cost estimates for single‑family and multi‑unit projects.
Features
- Drag‑and‑drop upload supporting any level of plan detail, with estimate granularity scaling to the information provided
- AI‑driven quantity takeoff that produces 1,500–2,000 line‑item breakdowns by trade, including material, labour, and equipment costs
- Live supplier pricing integration using current Australian rates for material cost accuracy
- Interactive web dashboard for filtering, drilling down, and visualising cost data in real time
- Export options to Excel and PDF for seamless quoting and client communication
- Editable assumptions allowing users to override quantities, rates, or scope directly in the estimate
- Credit‑based pricing model with no usage limits per estimate, valid for 12 months