MIT Study Suggests AI Could Cut Construction Costs by 20% and Shorten Project Timelines

A new study by Suffolk Construction and the Massachusetts Institute of Technology (MIT) indicates that artificial intelligence could reduce construction costs by 17% to 20% and shorten project timelines by 22% to 25%. The findings are based on a model of a $179 million multifamily development in San Francisco, identifying six areas for efficiency improvement, including design automation and scheduling.