Over 90% of all construction projects both in number and in Total Installed Cost (TIC) are managed in MS Excel. There are multiple software applications available to provide the cost management service but their price points are prohibitive. There is a recognized need by the end users for a cost effective solution with robust functionality.
We intend to fill this void by building a solution for end users like us.
Our solution will offer program and project level cost management, defined workflow modules for risk management, estimating, funding, change management and scheduling. We intent to offer a single all in one solution with integrations to common ERP software, data lakes and business intelligent applications.
Sales Cycle:
Pathway to adoption:
- Offering a clear solution with a large amount of functions to address the wide array of uses by Capital Construction Project Management teams.
- Offer clear pricing
- Offer Lower per unit pricing with scalable pricing models
Impediments:
- Complex pricing schemes
- Complex integrations
- Long onboarding/training cycles
Roadmap:
- Technology stack Identification: Complete
- Preferred Developer: Complete
- Proof of concept: Complete
- Preliminary Discovery programmatic data: Complete
- Discovery: Future Target Q2 2025
- Implementation ( MVP1 Go Live) : Future Q4 2025
Customers:
Our customers will vary in size from small local project teams managing capital construction to large enterprise teams overseeing >$1B in capital construction.
User Outlook.
The number of global users (TAM Users) is on the order of 100,000
Use of Funds:
Funds will be used for :
- Discovery
- Development to MVP1
- Continuing support
- Development to MVP2
Project Team:
Our team is made up of highly experienced Project Mangers, Project Controllers, Finance Managers who work day to day managing capital construction using MS Excel and working with clients to develop digital transformation to new technologies.
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