Category: Estimating & Bidding
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6 Practical Ways Construction Companies Can Use AI to Save Time and Boost Profit
In the construction industry, discussions about the potential of artificial intelligence (AI) to help companies both work and build smarter have ranged from using AI for project planning and design to employing the technology for construction site management and energy optimization at maintenance facilities. All that buzz has produced more confusion than adoption, raising two…
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The Home Depot Launches Digital Project Planning Tool for Construction Pros
The Home Depot has introduced a new Project Planning tool, a digital platform designed to help professional contractors, remodelers and tradespeople manage projects from start to finish in one place. The tool combines Home Depot’s full product assortment — including store inventory, fulfillment center items, appliances and specialty products — into a single digital workspace.…
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Smart Bidding Strategies with Artificial Intelligence
In construction, an accurate bid can mean the difference between a profitable year or continuous delays and costly overruns. Many contractors continue to rely on spreadsheets, fragmented data, or gut instinct to prepare bids. This leaves too much room for errors. According to Contimod, nine out of ten construction projects exceed their budgets, with average…
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Equipment Sale Leaseback: IRS vs. FASB Considerations
An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and then immediately leases it back for continued use. Essentially, it’s a way for a business to free up cash tied to equipment it owns while still retaining access to that equipment for its operations.…
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7 Data Sources That Cut Project Costs and Time
Every project, no matter how big or small, is a race against time. The longer it takes, the less profitable it is. And while shortcuts can save time, they can also lead to accidents. Striking the right balance between efficiency, productivity, profitability and ensuring worker safety is always the goal but recent data shows construction…
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How AI Agents are Leading the Future of Construction
Envision your future job site: autonomous bots doing layout, material staging and installations; drones conducting inspections; and office staff using virtual reality to interact with a digital twin comparing the plans to the as-built. For leaders of most construction firms, that future state for the field is not something they expect to see this decade.…
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Gordian Reveals Construction Industry Cost Insights for Q1 2025
As a provider of data-driven solutions for the building lifecycle, Gordian released its 2025 RSMeans Data. The RSMeans Data is updated quarterly to reflect the state of cost lines in the industry. Gordian reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of…