Contilio releases AI Quantity Tracker to automate manual tracking
By Catrin Jones06 June 2023
The 3D AI-powered construction analytics platform, Contilio, has launched its AI Quantity Tracker, to automate manual tracking of onsite installed quantities during construction.
The company says that the new functionality gives actionable insights into the production rate of all installed elements in a few hours, improving the productivity of the current process and its coverage by 20 times. By automating valuations and quantity take-offs, Contilio’s Quantity Tracker streamlines cost tracking and payments. This enables construction companies to improve their cash flows and time to revenue at a time when material costs and interest rates are at their highest since 2020.
With the industry facing mounting pressure to reduce its carbon footprint, shareholders, market, and regulators’ demand for automated carbon tracking and reduction for construction projects and operating assets has accelerated 10-fold.
By enabling CO2 to be monitored and optimised throughout construction and operations, Contilio says its quantity tracker reduces the carbon usage of real estate assets significantly.
CEO of Contilio Zara Riahi said, “I am excited to announce the launch of our cutting-edge quantity tracker to support the fast-growing demand from our customers and the global built environment for optimised CO2, cost, and payments. Having worked in the industry myself, I greatly appreciate how time consuming, siloed and costly the current processes can be and how hard it is to get paid in a timely, transparent manner.
“Our quantity tracker functionality has been tested in over 3.5 million square feet of building and infrastructure projects, saving millions. It will be offered as a part of our existing 3D AI platform, empowering our current and future customers to deliver and operate their construction projects and existing assets within accelerated timeframes, more cost efficiently and sustainably.”