Adaptive construction cost estimation system using multi-modal artificial intelligence
AssigneeCamp Facility Services Holdings, LLC
InventorsRobert Spencer, Arthur Tisi, Mark Tobin
Life of this patent
Estimating the term…
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AssigneeCamp Facility Services Holdings, LLC
InventorsRobert Spencer, Arthur Tisi, Mark Tobin
Estimating the term…
A system and method for generating accurate construction cost estimates through an adaptive multi-modal artificial intelligence engine. The system analyzes historical project data, current market conditions, regional variables, and project-specific parameters to predict costs while accounting for unique construction industry challenges including seasonal labor availability, regional building code requirements, and weather-related impacts. The system incorporates convolutional neural networks for processing visual inputs, recurrent neural networks for analyzing time-series data, transformer models for natural language processing, and graph neural networks for modeling relationships between project components. A contextual analysis engine applies domain-specific knowledge to AI-generated predictions, adjusting estimates based on building codes, weather patterns, and labor market conditions. A feedback loop mechanism captures actual project outcomes and compares them to initial estimates, allowing the system to improve its accuracy over time. This approach enables construction estimators to generate detailed, accurate estimates rapidly, eliminating the traditional trade-off between speed and precision.
A system for generating construction cost estimates, comprising:
A computer-implemented method for generating construction cost estimates, comprising:
A system for optimizing construction bidding strategies, comprising:
A computer-implemented method for optimizing construction bidding strategies, comprising:
Dependencies are inferred from the claim text.