1build Integrates Real-Time Cost Data with Project Estimates
LOS ANGELES — 1build announced new features for its all-in-one construction and cost estimation platform — now with real-time pricing data for labor and materials in every U.S. county built right in. The result is the only solution in the industry that combines best-in-class estimating technology with live, local cost data — equipping contractors with an all-in-one solution to estimate efficiently, boost margins, and win more bids.
As inflation drives the costs of materials and labor higher than ever, the construction industry is seeing profit margins shrink dramatically. According to the Associated General Contractors (AGC), prices for construction materials have outstripped bid prices by more than double since the start of the pandemic. With profit margins at their lowest, creating bids with accurate pricing has become do-or-die for residential and commercial contractors alike. Yet the industry has been slow to adopt technology to replace the status quo — an antiquated, printed directory of building costs that's only updated once a year.