LexlabsAI

???LexlabsAI Takes Center Stage at BuiltWorlds Demo Day!??? A massive shoutout to BuiltWorlds for hosting an electrifying demo day! The LexlabsAI team was thrilled to jam with the crème de la crème of construction tech startups. Our CEO, Nitin Mathur, showcased our groundbreaking technology that slashes Preconstruction Proposal to Legal contracting time from months to hours, revolutionizing the industry. We delved into the complexities of building infrastructure, cutting-edge tools, and innovative tech, all while connecting with the brightest minds in the business. It’s exhilarating to witness the construction sector embracing AI technology with open arms, transforming the way we build and innovate. Here’s to pushing boundaries and setting new standards in construction! ?? #ConstructionTech #AIlinConstruction #Innovation #BuiltWorlds #LexlabsAI

Our co-founder Nitin Mathur is about to speak at the BuiltWorlds conference in Washington D.C. Please feel free to contact us after the event. #constructiontech #contech

Turner Construction Company has been selected to build and modernize Terminal 3 at SFO! https://lnkd.in/g4VXnapf This ambitious 5-year project aims to completely reimagine the passenger experience, focusing on comfort, efficiency, and sustainability. ??? Ever wondered how extensive the #Proposal documentation for such a massive project would be? We’re talking thousands of pages! ???? And the number of #Subcontractors Turner will hire? It’s going to be a LOT! ?????♂? ????Imagine if creating #BidDocuments, #SendingOutBids, and #AnsweringBids and #BidLeveling could be done in days instead of months. If you have a complex project with tight timelines, check us out at #LexlabsAI to see how we can reduce this effort by over 90%. #Construction #Innovation #Efficiency #Sustainability #ProjectManagement #Bidmanagement #Bidleveling #EstimationAcceleration #Nodisputes

While the average success rate for RFP responses across industries stands at a solid 43%, the construction sector faces a stark reality with a dismal 17% success rate. Winning bids can feel like an impossible dream for mid-sized and smaller firms. Kudos to the @lexlabs teams for bringing real innovation to the table, and making the creation, processing, and response to RFPs a breeze. #ConstructionChallenges #RFPInnovation #BidSuccess #SmallBusinessStruggles #IndustryInsights

Fantastic! work Turner Construction Company and AECOM Hunt. Surely it involved a village of people from all trades to get this completed on time.

OVERWHLEMED WITH REQUESTS TO RESPOND TO RFPs? You are not alone! An average enterprise responds to over 273+ proposals annually with ever increasing complexity and volume. Most times, questions to answer are deeply embedded in the RFP God forbid, if it's a Construction proposal - since you will have to review 10,000 pages to ensure you truly understand the scope and engage, SME's, Support and other teams to answer a specific set of questions OR bring in subs and vendors for specific tasks This causes Stress! Stressed teams spend an average of 14 hours longer per RFP and have 7% lower win rates! There is an easy solution! Industry trained AI can help! AI powered, RFP & Bid management solutions can help you get thru 5X proposals in the same time Expected Accuracy: Over 90% Expected Cost and time efficiency gained: Over 98% Learn more at LexlabsAI #Bidmanagement #RFP #StressedSellers #Accountmanagement #constructionproposals #SubcontractorManagement

#LEXHACKS BEWARE OF PROPOSAL FATIGUE You are excited, a potential client is about to release a RFP for an amazing project, and you are INVITED! THE PROBLEM: RFP has 10,000 pages of information you need to go through, extract questions, references and start answering them one by one. For that, you initiate request putting a team together - SME's (so hard to find!), engineers, BD teams and others. You struggle to find resources early, create response doc from scratch, spend most of your time extracting content, answering typical questions and found yourself with MINISCULE time to build out WIN THEMES! Phew, that's not going to win you business. Stressful times, aint it!! Do this instead - proactively: - Pre-Qualify the Opportunity ensuring alignment - Develop a reusable Proposal Template - Create a database of "approved" answers for typical questions you expect - Leverage RFP management platforms to automate extraction and writing - Get the first draft out using available resources in less than 72hrs - Focus on WIN THEMES early. Stress during RFP stage is REAL. Less stressful teams win 6% more business - and so can you! ?? #SalesStrategy #SalesTips #ClientEngagement #SalesChallenges #B2BSales #RFP #SalesGrowth

HOW DO YOU WIN CONSTRUCTION DEALS? - DO THIS... ? ?? Submit a well-researched, ACCURATE & competitive bid ? Extract relevant sections from RFP including drawings & plans, create questions and answer in-depth and indicate compliance Your chances increased by 30% ??Project a strong Reputation and Past Performance ? Collect positive feedbacks & satisfaction scores. Present them in RFP response Your chances increased by 50% ??Showcase your effective Project Management and Resource Allocation skills ? Articulate the following in a presentable manner: - Detailed Project plan - Resource management plan - Risk management plan - Team expertise - Use of Tech - Comms plan Your chances increased by 35% Learn more on Sales strategies at LexlabsAI #Salesautomation #windeals #constructionbids #takeovercompetition #Salestips #SalesLeadership #B2BSales #ClosingDeals #SalesProductivity

Who hasn't dealt with this?.. This can easily become a horrible story if not dealt conclusively and decisively!

#LEXHACK HOW TO FLY THROUGH CONSTRUCTION LEGAL CONTRACTS? ?? ?Jot down client and other parties preferences ???? RISK reduction: Moderate to High ?Flag non-negotiable items ??????RISK Reduction: Maximum ?Understand scope impact on clauses ??????RISK Reduction: Maximum ?Monitor key clauses: Indemnification, Payment terms, Change orders, Arbitration and Jurisdiction ??????RISK Reduction: Maximum ?Let your colleagues proof-read and point out hard to find misses ? ?? RISK Reduction: Moderate Ask #LexlabsAI contract generator to auto mark riskier positions ??