Real estate & construction
Construction cost forecasting
Forecast labor, material, subcontractor, and financing costs through project completion.
Sound familiar?
- Overruns confirmed at month end, long after they began
- Materials bought at the peak because the buy window closed unnoticed
- Contingency drawn down without a view of what remains at risk
Cost to complete
cost to complete, $M · Live forecast
Driver
Committed cost
Driver
Material indexes
Driver
Labor rates
Forecast horizon
1–36 months
Refresh cadence
Weekly or monthly
Built for
Project controls · Cost management
What you can predict
One forecast can answer several operational questions.
Combine committed costs with productivity, material indexes, procurement status, schedule changes, labor markets, rates, and change orders to maintain the cost outlook.
Cost to complete
Monthly cash requirement
Contingency draw
Budget overrun probability
Questions teams need answered
- Where is the project likely to exceed budget?
- Which package drives the variance?
- How much contingency remains at risk?
- How will delay affect financing and labor cost?
Data that can improve the forecast
Start with the history you already have. Add internal or external drivers only when backtesting shows that they improve the forecast on held-out periods.
What-if planning
Test a change before committing to it.
Compare a proposed change with the current baseline. See the expected direction, timing, range, and the assumptions behind the result.
Steel cost increases
Recalculate package and total project cost
Completion slips by one month
Estimate overhead and financing impact
Cost to complete
cost to complete, $M · Scenario comparison
What if
Steel cost increases?
Driver
Committed cost
Driver
Material indexes
Driver
Labor rates
From forecast to action
Keep the people making the decision in the loop.
01 · MONITOR
Forecast continuously
Refresh cost to complete on a weekly or monthly cadence as new data arrives.
02 · NOTIFY
Alert on meaningful changes
- Overrun probability crosses tolerance
- A package forecast exceeds its budget
03 · DECIDE
Put the result to work
Build a construction costs forecast with your data.
Start with sample data, connect your own history, or talk with us about your target, horizon, and production requirements.