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

Cost estimation, a pivotal component in project management and production planning, has increasingly harnessed the power of machine learning techniques to augment accuracy and efficiency. By ...

Learn how to calculate reproduction costs to estimate expenses for identically reproducing assets or properties using four main methods and tips for accuracy.

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...

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

Although technical considerations are normally in the forefront as companies plan automation upgrade projects, cost is often the factor able to outweigh all others. All the wonderful ideas about new ...

This week, 22 selective, private colleges launched a new net cost estimator that has a key difference from the standard net price calculators required by federal law. The tool, developed by Phil ...

PayloadSpace estimates the costs of SpaceX Starship now and in a few years. Their estimate is a $90 million build cost now and a future build cost of $20 million. SpaceX would likely charge customers ...

Gov. Gavin Newsom’s administration announced that the estimated cost of building a tunnel to transport water beneath the Sacramento-San Joaquin River Delta has risen to $20.1 billion. The estimate is ...

Shelby is an editor with an affinity for covering home improvement and repair, design and real estate trends. She also specializes in content strategy and entrepreneur coaching for small businesses, ...

When Japanese, South Korean and Taiwanese representatives and three U.S. cabinet secretaries arrive in Alaska this week to discuss financing, building and utilizing gas from the proposed Alaska ...