Costpoint Management

What Costpoint Management does

Costpoint Management, doing business as CosTrack Project Controls (legal entity Computer Solutions, Inc.), is a private B2B professional services firm founded in 1994 and headquartered in Casper, Wyoming. The company delivers project cost control and project management services to major petroleum refineries and adjacent industrial operators across North America, primarily for turnaround maintenance and capital construction projects. Its client base includes BP, Chevron, ExxonMobil, Phillips 66, Valero, Citgo, PBF Martinez, CVR, Cenovus, Parkland, Calumet, Total Petrochemical, CF Industries, Westlake, and Dyno Nobel, with an active engagement in Burnaby, British Columbia marking its Canadian footprint. Service delivery is staffed by in-house teams — managers, estimators, planners, schedulers, cost analysts, and field supervisors — placed in long-term on-site positions at client facilities.

The firm's enabling technology is CosTracker, a proprietary cost-management software now in its third generation as CosTracker3. The platform offers real-time data capture with up-to-the-minute accounting of changes, daily update cycles, flexible contractor data import without reentry, and web-based reporting. It integrates with major enterprise systems including SAP, JD Edwards, Oracle, SQL Server, Maximo, Honeywell, TRACK, CTES, Primavera P6, QuickBooks, Sage, and Kronos, and is supported by a separate documentation/training portal (docs.costrack.com) and a sub-brand, BlueSky Software Products, through which licensing and support are offered. A biquarterly newsletter, CT Connections, and a careers page listing technical roles such as C# Developer and Data Integration Specialist support ongoing software engineering investment.

CosTrack generates revenue from two streams: (1) professional services for project controls, auditing, and cost management delivered at client sites, and (2) recurring software licensing of CosTracker under what the company describes as a competitive annual licensing fee schedule. Marketing is overwhelmingly referral-driven through its blue-chip refinery client base, reinforced by long-standing top ratings with contractor management platforms Avetta, DISA, and ISNetworld, and a portfolio of TRMA and ISTC Safety Awards between 2010 and 2017. The firm has no disclosed outside funding, no parent company, and no subsidiaries.

Name

Costpoint Management

Website

https://costrack.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Costpoint Management, d/b/a CosTrack Project Controls, delivers project cost control services and its proprietary CosTracker software to North American petroleum refineries and industrial operators for turnaround maintenance and capital construction projects.

Ownership category

akta.pro rank

Product category

Refinery Project Controls Software & Services

NAICS

Management Consulting Services (54161), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Spend Analytics & Reporting Support (BPAAAJAJ)

akta.pro secondary industry

Budgeting, Forecasting & Cost Allocation (Project/Cost Center/Client) (THACADAG)

Keywords

• Refinery turnaround cost management
• Project controls services
• Capital construction cost tracking
• Contractor cost auditing
• Industrial cost management software

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services - Project Controls & Cost Management: Cost control and project management services to major refineries around the world for turnaround maintenance and capital construction projects. Delivered by experienced professionals including managers, estimators, planners, schedulers, cost analysts and field supervisors placed at client job sites.
2. CosTracker Software Licensing: Licensing of proprietary CosTracker cost management software to clients. The software is third generation and fully compatible with SAP and other electronic accounting standards. They offer competitive licensing fee schedules.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Costpoint Management, doing business as CosTrack Project Controls, delivers project controls and cost management services to major refineries and industrial manufacturers for turnaround maintenance and capital construction projects. Services are delivered by in-house teams of managers, estimators, planners, schedulers, cost analysts, and field supervisors placed at client sites, using the company's proprietary third-generation CosTracker cost management software for real-time cost tracking, contractor auditing, forecasting, and financial reporting. The company also licenses CosTracker software directly to clients, either standalone or bundled with services.

Product overview

Costpoint Management, doing business as CosTrack Project Controls, offers a suite of project cost controls services and software to the refining and industrial manufacturing sectors. The core product is the CosTracker software (now in its third generation as CosTracker3), a project cost tracking and management tool designed for refinery turnaround maintenance and capital construction projects. The software integrates with major ERP and accounting systems including SAP, JD Edwards, Oracle, and SQL Server, and provides real-time data capabilities, daily update functionality, and web-based reporting. CosTrack delivers its services through teams of cost analysts, project controls professionals, and site managers who use the CosTracker platform to provide clients with cost tracking, auditing, forecasting, and financial reporting services. The company operates from Casper, Wyoming and serves clients across North America including major names in the refining industry.

Differentiator

Problem solved

Functional benefit

Products and services

• CosTracker3 (CosTracker Software, Third Generation) Third-generation proprietary project cost tracking software designed for refinery turnaround management and capital construction projects. Provides real-time data capabilities with up-to-the-minute accounting of changes, daily update functionality, flexible import of contractor payroll data without reentry, web-based reporting, and seamless integration with SAP, JD Edwards, and other electronic accounting standards. Licensed to enterprise refinery clients, either standalone or bundled with professional services.
• Project Cost Controls Services Professional services for cost controls, auditing, approval processes, and project management on refinery turnaround maintenance and capital construction projects. Delivered by teams of managers, estimators, planners, schedulers, cost analysts, and field supervisors placed in long-term positions at client job sites, using the CosTracker software platform. Serves enterprise refineries and industrial manufacturers.
• BlueSky Software Products Sub-brand offering project controls tracking software under the BlueSky Software label, providing licensing and support for the CosTrack product line. Contact routed to [email protected].

Quantifiable outcome

• Millions of dollars in savings to clients through highly-skilled professionals and CosTracker software

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration31 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• AvettacoreOthersContractor management partner with whom CosTrack has maintained consistent top rating. Avetta provides contractor prequalification and safety management services.
• DISAcoreOthersContractor management partner with whom CosTrack has maintained consistent top rating. DISA provides safety compliance and contractor management solutions.
• ISNETWORLDcoreOthersContractor management partner with whom CosTrack has maintained consistent top rating. ISNETWORLD provides contractor safety and compliance management services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bechtel: Privately held global EPC leader with extensive downstream/petrochemical project portfolio. Delivers integrated project controls as part of capital project execution for major refiners.
• KBR: Engineering, procurement, and construction services company with deep hydrocarbons and chemicals expertise. Competes with CosTrack on project controls scope for major refinery turnarounds and capital programs.
• Worley: Global engineering and project services firm serving the energy, chemicals, and resources sectors. Overlaps with CosTrack in providing project controls and cost management to refiners and petrochemical operators, though at much greater scale and broader scope.
• Burns & McDonnell: 100% employee-owned engineering, construction, and consulting firm with significant refinery and terminals practice. Provides project controls and cost engineering services to many of the same North American refiners.
• Fluor Corporation: Large global EPCM firm with significant refining and petrochemicals practice. Embeds project controls and cost management into capital project delivery for many of the same major refiner customers CosTrack serves.
• Wood: John Wood Group provides consulting and engineering services to energy and industrial markets, including project controls work for refining and chemicals clients. Comparable customer base (majors, NOC/IOC adjacent) and project lifecycle overlap.
• AtkinsRéalis: Engineering services and project management firm (formerly SNC-Lavalin) with strong energy and industrial markets presence. Delivers project controls and cost engineering to similar refinery/petrochem clients.

Direct peers

• Hexagon PPM: Software platform (formerly Intergraph/EcoSys/ARES PRISM) providing capital project cost, schedule, and document management. Most direct software competitor to CosTracker, especially for owner-operators running their own project controls functions.
• Stress Engineering Services: Independent engineering and consulting firm serving refining, petrochemical, and oil & gas clients with reliability, integrity management, and project services. Comparable niche specialty-services positioning for downstream operators.
• Audubon Companies: Mid-sized engineering, procurement, fabrication, and construction services firm focused on energy and industrial markets. Provides project execution services to US Gulf Coast refiners and petrochemical operators with overlapping customer base.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/costrack-project-controls

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Costpoint Management