Suffolk Construction’s Jobsite of the Future space supports the company’s AI work on the $1.2 billion Phase 2 Terminal Expansion project at Southwest Florida International Airport. The RSW project is one of eight Suffolk jobsites nationwide with the designation.
Artificial intelligence could reduce construction costs by 17% to 20% and shorten project timelines by 22% to 25%, according to a new study by Suffolk, a Boston-based construction company with a Southwest Florida office in Estero, and the Massachusetts Institute of Technology. The findings are based on a model of a $179 million multifamily development in San Francisco, rather than verified savings across completed projects. Researchers identified six areas where AI could improve efficiency: design automation, offsite manufacturing, permitting, scheduling, skilled labor coordination and procurement. The study also estimates that integrating these technologies could increase developers' unlevered investment returns by 5 to 6 percentage points. Researchers cautioned that additional project data and research are needed to validate the projections and assess their broader applicability. To read more about how AI is already reshaping construction in Southwest Florida, click here.
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