AI-Powered Pre-Construction Estimating: Why Is It Better?

As project managers, builders, architects, civil engineers, and developers, we appreciate speed, accuracy, and excellent material management skills. When we finish a project on time and on budget, we can usually give the credit to being better prepared than the competition.

Traditionally, when a project begins to lose money, the cause can be traced to a poor decision upstream. Avoidable delays were not identified, material shortages were not anticipated, and labor logistics were managed poorly.

None of us possess a crystal ball, but using artificial intelligence, or AI, to identify trends over long periods of time is the next best thing. AI can analyze data at a cost-effective speed compared to the cost of long human labor hours.

This gives professionals the advantage of extremely valuable information without the massive investment in labor typically required to attain it.

Today, we will discuss how using AI-powered pre-construction estimating tools can help you win more bids and increase profitability.

Using AI to Create Pre-Construction Estimates

Artificial intelligence-powered software is an amazingly powerful tool, yet as easy to use as a browser.Here are a few of the benefits AI-powered tools have over regular estimating software:

• Speed

  Price gathering is among the most important functions construction pros perform. Changing pricing, availability, and deliverability can require us to spend more for labor, and result in over-shipments and under-shipments. Delays are the usual result, and they are rarely profitable.
  
  AI-powered software performs its work much faster than we can with a keyboard and mouse. Instead of searching manually for whatever information you need, you simply pose a question and request an answer. The software will interpret your question, determine what you are asking, scour the web for answers, and provide them to you in seconds, not days.

• Accuracy

  AI-powered software tools (like those provided by Prediction 3D Technologies) are designed to gather the most accurate data to answer your question. You always have complete control, so you can change your parameters as you go.
  
  The software will provide references for the collected information and analyze it for accuracy from multiple providers. This not only helps you make more informed decisions but helps identify time and money wasting inconsistencies.

• Reliability

  Reliability can vary among the top AI construction project tools. Unfortunately, some of the most powerful systems require a team of people to operate. However, for the masses, the Prediction 3D solution offers the most reliability for the price.
  
  The P3D solution is cost-effective because it requires very little training, setup, or maintenance to operate. This keeps your investment to a minimum while maximizing your return on investment.

• Adaptability

  AI software can be cumbersome to use, and being so feature rich, the user experience is degraded. Prediction 3D software is designed to be easy to use right out of the box, requiring only a few simple steps to set up.
  
  P3D software uses your 2D or 3D model to create a pre-construction estimate, which you can analyze using the Visual Editing feature. Visual editing gives the phrase “ a picture is worth a thousand words” a whole new meaning.

• Profitability

  We know profitability comes down to how well we apply our project management skills. AI-powered pre-construction estimating provides you with verified arithmetic, so you can spend less time hunching over a calculator.
  
  Profitability is enhanced by simply avoiding costly mistakes that can derail a large project very quickly. The Prediction 3D solution includes not only a multitude of cross checking features, but can also be used to identify less common profit opportunities.

• Beta Testers Needed

  The Prediction 3D solution is constantly evolving, so they have created a beta testing program for interested users. There are no hard and fast qualification guidelines at the moment, as P3D has broad appeal. Whether you have a medium-sized company or a large enterprise, you may qualify as a beta tester.
  
  If you would like to investigate the idea further, simply request your invite! As a beta tester, you'll have access to cutting-edge project management tools and have a voice in future product development. You'll also enjoy the benefits of the software without having to fund an initial investment.

Prediction 3D: The Future of Pre-Construction Estimating

Technology doesn't move backward, so getting on the bandwagon early is rarely a bad idea. Prediction 3D offers the most bang for the buck compared to other AI-powered solutions, so the market potential is enormous.

If you've heard enough and are ready to take the next step, just click here to discuss your project with an expert. You'll gain the insight you need to make an informed decision, so bring your toughest challenges to the table and let an expert demonstrate the power of AI.