Traditional forecasting methods were never designed to provide robust forecasts at a micro-market level. Due to this shortcoming, predictive cost data has positioned itself to revolutionize the construction industry. With this emerging technology, construction professionals no longer need to plan for tomorrow’s projects with yesterday’s data.
- Explore how and why traditional estimating methods regularly contribute to inaccurate construction budgets
- Understand how predictive cost data was developed and why it is a more effective method for budget estimating
- Examine how and when to leverage predictive cost data.