AI Revolutionizes Bidding & Project Management for Constructors

A construction company faced bid errors and communication gaps. They implemented an AI solution, acting as a digital assistant, to optimize bidding, enhance project management, and empower their workforce. As a result, bidding risks decreased, project outcomes enhanced, and the workforce became more efficient.

Client:

Teichert is a private company, an infrastructure and site development contractor, and a construction materials producer with over 100 years of experience. A broad spectrum of services, including general contracting, construction management, and design-build capabilities, is provided by the company.

The company has a strong commitment to safety and sustainability and is an industry leader in innovation. Supporting its community, the Teichert Foundation, a nonprofit entity, furnishes grants to community organizations and facilitates employee-matching grants.

Problem Statement:

Teichert faced the following challenges in bidding and project execution.

Bidding: Human error could lead to undercutting themselves or missing crucial details, costing millions.

Project Management: Communication gaps existed between estimators and field teams, causing issues with resource allocation and unforeseen problems.

Results:

1. Improved Bidding:

• Reduced Risk of Errors: AI solution’s “Spot Check” feature analyzes historical data, preventing underbids due to missed details and saving Teichert significant money.
• Increased Competitiveness: AI helps Teichert craft more accurate bids, leading to winning more projects without undercutting themselves.

2. Enhanced Project Management:

• Real-Time Decision-Making: Daily field updates and AI analysis of historical data allow for better resource allocation and anticipation of potential problems.
• Improved Communication: A data platform facilitates communication and knowledge sharing between estimators and field teams.
• Increased Efficiency: AI helps avoid delays and disruptions by identifying potential issues like delivery delays or resource shortages beforehand.

AI Solution:

Facing issues with bid accuracy and project communication, Teichert implemented InQuarry, an AI platform from Launch Data & AI Studio. Designed specifically for Teichert’s needs, this AI acts as a digital assistant throughout their construction projects.

Optimizing Bidding with AI. Utilizing machine learning, InQuarry’s “Spot Check” feature evaluates past projects and identifies any potential errors or omissions in ongoing bids. Using this AI review, Teichert can optimize their bidding process, enabling them to submit more competitive proposals.

Enhancing Project Management. Besides bidding, InQuarry supports project management by delivering daily field updates and real-time data analysis. Using this data, project managers can anticipate supply chain delays or resource shortages.

Streamlining Communication. InQuarry makes it easier for estimators and field teams to stay on the same page by keeping all project data and conversations in one place for future reference. This allows future project teams to benefit from experiences and accumulated knowledge.

Empowering the Workforce. Thanks to InQuarry, Teichert’s employees can leave repetitive tasks behind and concentrate on the more important parts of their jobs. By utilizing InQuarry, Teichert combines AI with the experience of their staff to achieve the best possible results.

References:

1. How a $500M+ Company Uses AI to Bid Smarter, Build Better, and Move Faster

Industry: Construction
Vendor: Launch
Client: Teichert