Tag: Estimation
-
Construction Estimation: From Manual Takeoff to the AI Future
Quantity takeoff (QTO) is the foundation of construction cost estimation, another critical task. For decades, professionals have sought to streamline QTO through technology, aiming for greater speed, consistency, and accuracy. Yet despite advances in digital tools, the profession is still in flux. A 2023 global study by RICS and Glodon found that only 39% of…
-
Smarter Construction with AI: Scheduling, Estimation, and Risk Mitigation
In an industry driven by tight schedules, complex workflows and growing demands for sustainability, building owners and facility managers are turning to artificial intelligence (AI) to bring efficiency and clarity to preconstruction and construction workflows. AI’s ability to process large datasets, predict outcomes and automate repetitive tasks can revolutionize project management, offering solutions to some…