There’s an invisible tax on almost all construction, and it’s holding us back. The cost are hospitals, schools, data centers, and other infrastructure that could be built, if construction was cheaper en masse.
In non-residential construction, for every $100 spent on the construction of our hospitals, schools and highways, about $4 is being wasted on expensive disputes fueled by poorly understood and articulated responsibilities. In an analogous industry, manufacturing, relatively little money is spent on disagreements.
It’s been this way for sometime. Construction is an inefficient industry, comparatively and historically. It has lagged behind nearly every other industry in terms of productivity gains for the last 40 years. This is due to several reasons, one of which being current model of risk transfer between parties. [For an overview on risk transfer, refer to an article on the subject by our Advisor, Aaron Toppston at GS Futures, here].
Until Provision, one of the reasons this problem existed was because of the tools that are used to understand and mitigate risk. Previous tools helped users collaborate to review documents, but they did little to help contractors handle the volume and variability of the documents that they receive. Even for contractors with in-house legal and contract teams, constructors could not fully identify the things that could go wrong.
We help our customers do exactly that. Instead of going through pages of contracts and specifications, we transform project documents into risk-based insights and build workflows on top to help construction professionals mitigate them, before they occur. And it’s working: our product is used by half of Canada’s largest general contractors by revenue, and we’re only getting started.
We’re building the contract analysis platform for the construction industry. So we’re looking for incredible technical team members (currently a Full-stack Software Engineer) that can help make our vision of better construction processes a reality.
If you join us, you’ll be an early and influential team member in helping shape:
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Why should I work at Provision?