construction industry

“And then beyond that, you, now it becomes economical and very interesting to build vertical applications for industries. So to build an application that revolutionizes, say, the real estate industry or something like that, Or the construction industry is becom…”

“Buildings are delivered later now than they were in 1960 and more over budget than they were in 1960 because of this problem of getting those two things together.”

“We are less productive today than we were 20 years ago than we were 60 years ago, and it's completely unbelievable.”

“The technology is certainly there. It's the legal, regulatory, and history of the industry that makes companies very slow to change.”

“Whereas in the construction industry, the 30% waste and the, you know, 20% of late schedule, it's baked in from the finance all the way down to the smallest subcontractor.”

“You know, if you can cut 20% of the rework, and then you could make construction 20% more efficient in other ways, which seems entirely within the realm of feasibility. You're talking improving construction by 40%. In most economies, let's say a rough number i…”

“Eventually we will have all of this data, you know, like a baseball coach has this kind of data for who to send out for pitching in various situations, but we don't have it in construction.”

“We see just all of these wasted efforts, frankly, from many, many players, from subs to GCs to owners. Designers. We see all these wasted efforts that will go away.”