Opportunity RadarLiveCosts
Real-time job costing and invoice automation for contractors
LiveCosts is a cloud platform that replaces spreadsheets for construction cost control, capturing labour, materials, plant, and subcontractor costs in real time and syncing budgets and actuals with the company's accounting system.
Why This Tool Exists
Small and mid-size contractors typically only find out whether a project was profitable weeks or months later, once paper delivery dockets, purchase orders, and supplier invoices are manually reconciled against a budget spreadsheet - by which point cost overruns on labour, materials, and subcontractors can no longer be corrected.
LiveCosts captures costs as they happen - purchase orders and labour/time entries from the field, invoices via AI-assisted line-item extraction - and posts them against a live project budget, so office and site teams see budget-vs-actual variance daily instead of at month-end. A 3-way match compares purchase order, delivery docket, and invoice to flag overbilling or unauthorized purchases before payment, and approved costs sync to the connected accounting package.
How You Use It
Data Transparency
Exactly what this tool uses and how
Contact vendor for API accessUse Cases
- ·Real-time job costing and budget-vs-actual tracking across active projects
- ·AI-assisted invoice line-item extraction to cut manual accounts-payable data entry
- ·3-way matching of purchase orders, deliveries, and invoices to catch overbilling before payment
- ·Field time and equipment-hour tracking synced to project cost codes
- ·Two-way sync of project costs with Xero, QuickBooks Online, or Sage accounting
Pricing
Research Sources & Data QualityLast verified: 2026-07-16
- https://livecosts.com/
- https://livecosts.com/about/
- https://livecosts.com/request-pricing/
- https://livecosts.com/privacy-policy/
- https://livecosts.com/integrate-construction-accounting-software/
- https://livecosts.com/construction-cost-tracking-software-for-procurement/
- https://livecosts.com/client-stories/inline-construction-case-study/
- https://www.nemetschek.com/en/news-media/driving-digitalization-and-innovation-nemetschek-group-invests-project-cost-control
- https://news.europawire.eu/construction-software-provider-nemetschek-group-backs-livecosts-with-initial-investment/eu-press-release/2023/04/12/17/32/50/114837/
- https://www.enterprise-ireland.com/en/success-stories/livecosts-revolutionising-the-construction-software-sector-with-the-competitive-start-fund
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