Digitalization and AI help mitigate construction cost overruns

Digitalization and artificial intelligence are becoming critical tools in the construction industry to mitigate cost overruns and delays. According to the IMF Project Management Study 2025, only 2.5% of surveyed construction companies consistently complete projects within their established time and budget constraints.

While technology cannot control material prices or changing project conditions, digital management allows for the detection of deviations in real time. Patricia Araiza, Director of Normativity and Corporate Sustainability at GAYA, noted that these tools can ‘reduce the cost of chaos’ by connecting dispersed information and enabling teams to make timely decisions before incidents escalate into significant delays or extra costs.