AI is here to stay: How it’s changing construction estimating

Artificial Intelligence (AI) is here to stay. Leaders in construction are embracing AI in new areas — like estimating to improve their workflows — and with good reason. While traditional estimating methods rely on time-intensive manual work with the potential for error, AI tools can produce estimates faster and more accurately. This growing technology addresses challenges in the industry, including labor shortages.

How AI is Used in Construction Estimating

AI uses advanced algorithms and data analysis to make estimates. Unlike manual labor, AI quickly examines a large amount of data and project details by using:

• Pattern Recognition. AI can examine project plans and identify materials and measurements by processing millions of data points in seconds.
• Predictive Analytics. AI can predict costs by looking at past data, market trends, and current project details, which helps contractors make better bids and avoid surprises.

Dealing with Labor Shortages

The construction industry is experiencing a major labor shortage. Nearly 500,000 workers are needed, which has led to higher costs, delays, and overworked teams. AI helps alleviate this crisis by:

• Reducing Manual Labor. AI can perform repetitive tasks, such as data entry and helping with takeoffs and estimates, which can ease the workload of a short-staffed crew.
• Performing Skilled Tasks. One factor contributing to the industry’s current state is a shortage of skilled applicants. AI software can do difficult estimating work that used to require experts, which allows new workers a chance to enter the field without needing a high level of expertise.
• Attracting New Workers. With 20% of construction workers over 55 years old, more people are retiring than entering the industry. Modern technology can attract younger workers interested in the growing technology field.

Automating Routine Tasks

Everyday tasks can be completed faster and more efficiently with AI through:

• AI-Assisted Takeoffs: Tools like Takeoff Boost™, for On-Screen Takeoff® by ConstructConnect®, gather key takeoff information quickly, saving workers time and allowing them to focus on high-value tasks.
• Better Productivity and Fewer Mistakes: AI helps finish tasks faster and with fewer mistakes, which speeds up projects and reduces costly errors.

Keep Learning

AI will continue to grow in construction estimating as technology improves. By using AI now, companies can stay ahead and improve long-term efficiency.

Download our free and interactive AI and Construction Industry Guide to see how to use AI in your business.