Artificial intelligence (AI) is revolutionising the construction industry by offering robust methodologies for cost estimation that enhance accuracy, efficiency and transparency in project planning.

Typical delivery methods consist of contracts based on (a) a lump or stipulated sum, where the parties agree on a fixed price for the entire project or phase; (b) a guaranteed maximum price (GMP), ...

Managing costs without compromising on quality is a primary concern for contractors. Effective construction cost management involves strategic planning, accurate estimation and efficient billing ...

Budget planning is essential when you bid on a construction project. Whether simple or complex, contractors need services from one of the best Construction Estimating Companies to ensure they will win ...

Editor's Note: This article appears in Governing's Summer 2024 magazine. You can subscribe here. Even before the recent phase of inflation, public construction projects often far surpassed their ...

Before making a big purchase, whether a product or a service, many people conduct research to ensure they pay a fair price. Comparing prices, reading reviews and even calling to get real-time quotes ...

The Bolts Lake redevelopment project has reached 30% design, bringing with it new cost estimates, construction plans and a tentative start date. The Eagle River Water & Sanitation District and the ...

In a high-stakes industry like construction, efficient resource management can make or break a project. Without effective resource management, projects can face delays, cost overruns, and quality ...

Marshfield Administrator Steve Barg said the city will begin looking for a construction manager who can look for savings for ...