Budget overruns eat into the profits of hardworking contractors and drive up costs for clients, so it’s no surprise that the construction industry has spent considerable time researching this topic. Leading software providers are taking an especially active role, with Procore, Autodesk, Buildern and Propeller among the companies examining the root causes of cost overruns.
Those companies point to inaccurate estimates as a main driver of budget overruns, as contractors make overly optimistic assumptions about the cost and availability of materials, labor, production schedules and even the weather. In some cases, line items are based on incomplete or outdated data, leading to miscalculations during the critical preconstruction
