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Intuit Construction Business Solutions Announces Master Builder Version 11
Construction Management Software Works the Way Contractors Work With More Flexibility and Control
SANTA ROSA, Calif., - Oct. 13, 2005 - Intuit Inc.'s (Nasdaq: INTU) Construction Business Solutions division today announced the availability of Master Builder Version 11, the most advanced product in the company's line of construction industry software. Incorporating extensive customer feedback, Master Builder Version 11 is designed to work the way contractors work, from installation to completing daily tasks.

Master Builder Version 11's new licensing model offers contractors greater flexibility and cost savings. Business owners can now purchase licenses just for the number of users who need simultaneous access, but can install the software on as many computers as needed, whether at home, in the office or on a laptop in the field. With access from multiple locations at any time, critical business and job information is always at hand, enabling contractors to make the right business decisions quickly and offer better customer service.

"Many of my team members, including estimators, construction managers and controller, need access to Master Builder but not always at the same time," said Brent Westberg, CFO of West Construction in Troy, Mich. "The new flexible licensing model will save us money, and will make sure that I have all the resources I need to manage and operate my company effectively."

 
Command Center in Control
The new Master Builder software also includes Master Builder Administration, a central, secure "command center" to manage the program and the number of concurrent users. The command center allows business owners to easily view which users are logged into the system, as well as the date, time and duration of each session. Master Builder Administration also lets users conveniently activate the software over the Internet without having to call technical support for authorization.

"Now I have a better handle on how my teams are using the software. I've got a lot more peace of mind and security," Westberg added.

 
Efficiency Comes Standard
Master Builder Version 11 comes standard with new tools and added convenience to help contractors and their employees more efficiently manage their businesses. New features include:
  • Document Control Module - Enables project managers to better manage their requests for information, transmittals and submittals, plan records and punch lists, as well as to create and track responses to project documents. The module now comes standard with the software.
  • Copy Company Function - Allows users to easily create a new company database with the existing accounting setup, vendor and job information, but without the financial transactions. This is an advantage for construction firms who create different companies for various projects, and enables them to reduce the amount of time spent and potential for data entry mistakes.
 
Add-On Module Availability
Add-on modules, including Estimating, Service Receivables and Inventory, are now offered on company-wide basis, rather than a per-user basis. Now all users on the system can reap the benefits of Master Builder add-on modules purchased, a great cost savings. Additionally, the features of the Service Receivables and Inventory modules are now conveniently combined into one module.

"In managing a construction business, one size doesn't fit all, especially when it comes to software," said Carol Novello, president of Intuit Construction Business Solutions. "Depending on a contractor's current business, how they are structured and where they plan to take their business in the future, Intuit can help them determine which product is best suited to them. For example, a contractor who has a number of specialized roles within a business, who needs union payroll and who plans for growth, is a perfect candidate for Master Builder."

As part of its "Right For My Business" strategy, Intuit offers contractors a range of solutions to meet their business management needs depending on the size and type of their business, including QuickBooks: Premier Contractor Edition, QuickBooks Enterprise Solutions: Contractor Edition and Intuit Master Builder.

 
Pricing and Availability
Master Builder Version 11 is available through a national channel of Solution Providers for $2,295 per concurrent user license. Add-on modules include: Services Receivables/Inventory, priced at $1,495 and Estimating, priced at $1,195. Further information on pricing and availability is available at http://masterbuilder.intuit.com or by calling (800) 726-6278.
 
About Intuit Construction Business Solutions
Acquired by Intuit in November 2001, as part of the company's "Right for My Business" strategy, Intuit Master Builder offers contractors a complete construction business management solution. Through a nationwide network of more than 250 Solution Providers and Certified ProAdvisors, Intuit offers business consulting, expert technical support, and ongoing education and training. Additionally, Master Builder Developer Network includes more than 30 third-party solutions that extend the functionality of Master Builder to meet the unique needs of contractors. For more information about Intuit Master Builder, please visit: http://masterbuilder.intuit.com or call 800-726-6278.
 
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $2 billion in its fiscal year 2005. The company has nearly 7,000 employees with major offices in 13 states across the United States, and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.

 
Intuit, the Intuit logo, Master Builder and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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