Field Materials AI Introduces Advanced Pricing Intelligence for Construction Materials
Charlotte, N.C. – Field Materials AI has unveiled its latest feature, the Pricing Intelligence module, aimed at revolutionizing construction material procurement. As construction firms grapple with unpredictable tariffs and fluctuating material prices, this innovative tool provides essential real-time insights that help companies maintain budget integrity.
The Pricing Intelligence module integrates smoothly into Field Materials AI’s existing construction procurement software. It offers a comprehensive dashboard that displays current prices for a wide array of materials and equipment purchased by contractors throughout the year. The module not only tracks price trends but also forecasts potential savings for contractors when locking in prices with suppliers.
According to Javier Lucatero, President of Accurate Firestop, “Given the unpredictability caused by tariffs, this strategic tool allows us to monitor material costs effectively, find savings opportunities, and safeguard our profit margins.”
Targeted primarily at C-level executives, business owners, and purchasing managers in the construction industry, the new dashboard addresses a notable gap in traditional purchasing systems, which often lack detailed insights into material costs and volumes. Field Materials AI’s solution reads vendor quotes and invoices, extracting specific material prices and tracking their changes over time.
This functionality enables construction executives to analyze purchase volumes and pricing data, facilitating the negotiation of better terms with suppliers. Additionally, it assists in locking in bulk orders for materials that are expected to experience price fluctuations, optimizing both stock management and budgetary forecasting.
Eldar Sadikov, CEO and Co-Founder of Field Materials AI, remarked, “More customers are approaching us due to their need for increased visibility into construction material pricing. Our Pricing Intelligence module equips contractors with the tools needed to stay ahead in a competitive landscape.”
Field Materials AI stands as a leading AI-powered procurement platform within the construction sector, processing over $700 million in material purchases annually. With significant investment backing and rapid growth, the company aims to continue expanding its capabilities to enhance material purchasing efficiencies in construction.
For further updates and information, visit www.fieldmaterials.com.
