Why is predictive technology important?
For decades, people have been building tomorrow's projects with yesterday's data. To keep pace with modern times, the demand for accurate and agile construction costs is a necessity, not an option.
What is predictive data?
Our Data Scientists rigorously analyzed thousands of indexes to develop an algorithm smart enough to account for market fluctuations up to three years into the future.
Who benefits from predictive cost data?
All professionals involved in estimating will find value in more accurate future costs. Owners or builders will benefit from the ability to account for delayed project starts or a large scale, long term period of construction.
How do you know the data is accurate?
Through a process referred to as back-testing, the data predicted by the algorithm is compared to actual historical data indexes. The result showed a deviation of less than three percent on average.