SiteAware, which leverages AI and drones to track construction site progress, nabs additional funding

Construction, particularly commercial construction, is expensive and time-consuming. In the U.S., the average commercial construction cost is around $490 per square foot, and most commercial buildings larger than 10,000 square feet take at least four months to build. As a 2020 survey from Levelset and Fieldwire shows, the process is rarely simple — fewer than 30% of contractors finish large projects on time and within budget. Errors are a significant contributor to overrun, with some sources estimating that between 4% and 6% of total project cost is rework-related.