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AI forecast to cut construction costs up to 20%

Technology seen boosting profits, shortening building timelines
Nextera Robotics provided photos and videos collected by robots to track progress and collect safety data, saving Skanska’s construction team up to 40 hours per week at its Kaye apartment project in Seattle’s Belltown neighborhood. (Skanska USA/Nextera Robotics)
Nextera Robotics provided photos and videos collected by robots to track progress and collect safety data, saving Skanska’s construction team up to 40 hours per week at its Kaye apartment project in Seattle’s Belltown neighborhood. (Skanska USA/Nextera Robotics)
CoStar News
September 17, 2026 | 12:36 AM

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The construction industry, plagued by declining productivity and rising expenses, could be poised for massive cost and time savings if artificial intelligence is widely embraced.

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