Tag: bidding
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AI Bidding Errors: Who Bears the Risk?
Introduction Artificial intelligence (“AI”) is rapidly making its way into the construction bidding process. Contractors now use AI-powered estimating software to perform quantity takeoffs and analyze costs with unprecedented speed. According to the drafting and engineering software giant Autodesk, estimating teams are increasingly using AI and automation, particularly for quantity takeoffs, cost forecasting, and speeding…
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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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How AI can be used in construction bidding, negotiation
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Brian Kassalen is a principal and the construction industry leader with Baker Tilly, a Chicago-based advisory, tax and assurance firm. Opinions are the author’s own. As inflation, labor and tariffs continue to pressure the construction industry, contractors…
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Win more work by bidding less
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Matt Verderamo is a consultant at Well Built Construction Consulting, a Baltimore-based firm that delivers strategic consulting, facilitation services and peer roundtables for construction executives. Opinions are the author’s own. It’s no secret: Low-bid procurement methods have…