AI nears ‘tipping point’ in construction as contractors pilot tech: survey

Group 1 - The construction industry is on the verge of significant AI adoption, despite currently lagging in technology integration [3][6] - Over half of surveyed companies are taking steps to incorporate AI, with 51% evaluating potential AI changes and 40% allocating a dedicated AI budget [4] - A majority of contractors believe AI will provide a competitive advantage, with 86% of large contractors holding this view compared to 69% of small or mid-sized firms [6] Group 2 - The survey conducted by Dodge Construction Network involved 235 general and trade contractors across the U.S., revealing that 85% expect to spend less time on repetitive tasks due to AI [8] - 75% of respondents believe AI will assist in learning from past projects through historical data analysis [8] - The construction industry is experiencing an "AI arms race," where firms must adopt new technologies to remain competitive [7]