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.
Furthermore, the AI quantity tracker enables CO2 to be monitored throughout construction and operations. This will help contractors and asset owners to reduce their carbon footprints, the company claims.
Contilio co-founder and chief executive Zara Riahi said: “Having worked in the industry myself, I have a great appreciation for how time-consuming and costly the current processes can be and how hard it is for the supply chain to get paid in a timely manner, or to track and report on embodied CO2.
“Our quantity tracker has already been deployed into over 4 million square feet of construction projects and will be offered as a part of our existing 3D AI platform, empowering our current and future customers to use the same site data to further optimise the delivery and operation of their projects and existing assets within accelerated time frames, more cost efficiently and sustainably.”
Contilio launched in 2019. Its platform is used on projects in the UK, EU, US, and the Middle East.
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