The construction sector is embracing rapid developments vertically as well as horizontally. While some of these prime constructions are undertaken by small and medium scale enterprises, they face unique challenges to keep abreast with the evolving trends in the world. In order to scale their operational costs, invest in growth, they must weather economic downturns or unexpected expenses. Projects failing to complete within the allocated budget have a negative consequence for the client as well as the contractor and impact the project’s progress, cost, quality, and overall success.