Construction analytics platform Contilio has launched what it claims is the first-of-its-kind AI quantity tracker. It automates the resource-intensive, error-prone and costly process of manually tracking onsite installed quantities during construction.
The new functionality gives insights into the production rate of all installed elements in a few hours. Contilio claims its tracker improves the productivity of the current process and its coverage by a factor of 20.
By automating valuations and quantity take-offs, the AI quantity tracker streamlines cost tracking and payments. Financial institutions can also use the software to gain visibility into actual progress before releasing drawdowns, as well as to assess and mitigate the risks associated with rework and delays during construction.
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