????? Build vs Buy? —This is the Question! ?????
Sept 14 2024

????? Build vs Buy? —This is the Question! ?????

Alright, general contractors (GCs), specialty contractors, operations chiefs, and innovation directors connected with the hard work of hard headed hard hats—here’s the big question: Should you build custom software like a digital skyscraper, or is your company better off buying off-the-shelf digital tools so you can get back to managing your projects? You’ve probably been mulling this over, am I right? Let’s dig into the build vs. buy dilemma with a few questions to get your brain firing. ????? Along the way we'll explore several specialized software options in the construction space and delve into how AI and Large Language Models (LLMs) could fit in with your decisions.

?? Building Custom Software: The Deep Dive (AKA The Expensive Dive)

Building custom software is like crafting the Taj Mahal of construction tech—sure, it’s your creation, but do you have the patience (and budget) for it? Here’s a general breakdown of what it takes to build your perfect solution. But first, ask yourself this: ???? Is it worth the time and money to build something from scratch, or are you just trying to impress the tech nerds?

1. Initial Development (6-12 months)

Costs: $500,000 - $1.5 million (Yes, that’s a million with an "M.")

  • Do you have a team of developers on speed dial, or will you need to hire a crew that rivals your construction workforce? ????
  • What’s your plan for cloud hosting and dev tools? Also, who’s making the coffee? ? If you’re planning on this taking a year, better get stocked up!

2. Testing & Deployment (3-6 months)

Costs: $50,000 - $250,000

  • You wouldn’t open a new building without testing it, right? Same with your software. Question is, do you have time to wait for months of quality assurance (QA)? ?????
  • How patient are you for all those deployment delays? Do you know how often things break when they’re brand new? Hint: A lot. ??

3. Ongoing Maintenance (Every. Single. Year.)

Costs: $100,000 - $300,000 annually

  • Have you thought about what happens after you launch? Updates don’t happen magically. You’re going to need a team to keep everything running. Is your budget ready for the long haul? ????
  • Reality Check: If your construction biz runs on some seriously weird workflows or needs custom tech like it’s building the Death Star, maybe building is for you. But ask yourself this: Can you wait over a year to use this thing?

If time is money (and let’s be honest, it is), buying ready-made software might be your best bet. Here’s a question: Would you rather get back to building things people can actually see? If you said “yes,” here’s a look at some off-the-shelf options that will let you focus on what you do best. ??

1. Projul (Project Management + CRM)

  • Focus: Customer relationship management (CRM) and project tracking.
  • Costs: $99/month (Yep, no six-figure sticker shock here.)
  • Key Benefit: Keeps your leads, estimates, and invoices all in one cozy, easy-to-use place. Question: How much time are you wasting switching between spreadsheets right now? ??
  • Website: Projul

2. Document Crunch (Contract Compliance Hero ??♂?)

  • Focus: Automated contract reviews.
  • Costs: Custom pricing (Depends on how many docs you need crunched.)
  • Key Benefit: You can now save your brainpower for more important stuff than reading 100-page contracts. Question: What else could you be doing instead of legal reviews? Maybe watching your projects unfold? ??
  • Website: Document Crunch

3. Riskcast (Field Data at Your Fingertips ?)

  • Focus: Labor productivity, safety tracking, and data analytics.
  • Costs: Starting at $50/month per user.
  • Key Benefit: Get all your field data (worker hours, safety logs, etc.) in one spot. Question: Do you know what’s happening on-site right now, or are you flying blind? ???
  • Website: Riskcast

4. ControlQore (Financial Wizardry ??)

  • Focus: Expense management, bill payments, and lien waivers.
  • Costs: Custom pricing.
  • Key Benefit: Keep your project’s financials tight and lien-waiver-approved. Are you tired of chasing down unpaid invoices? (If you answered no, we’re worried about you.) ??
  • Website: ControlQore

5. SmartBarrel (Time Tracking & Workforce Monitoring ??)

  • Focus: Workforce time tracking with facial recognition.
  • Costs: $15/user/month.
  • Key Benefit: Never wonder who clocked in late again. Ask yourself: Would you rather argue with your timecards or let SmartBarrel handle it? ??
  • Website: SmartBarrel

6. Graceful Management Systems (Full Project Integration ??)

  • Focus: Estimating and scheduling management integration.
  • Costs: Custom pricing and investment opportunities available NOW
  • Key Benefit: A continuous improvement system for getting more things done. Question: How fast can you course correct your projects now? If your answer includes "never" this might be worth a look. ???
  • Website: Graceful Management Systems

7. Optimized Building Intelligence - OBI (Project Management Data Retrieval & Submittal Log Automation)

  • Focus: Automates data retrieval from project management systems and assembles submittal logs for contractors.
  • Costs: Custom pricing, depending on the size and scope of the project. EARLY ADOPTERS WELCOME!
  • Key Benefit: Simplifies the process of gathering and organizing project data, saving time for project managers by automating submittal log generation and ensuring quick access to necessary compliance documentation.
  • Website: Optimized Building

?? And What About AI?

Sure, AI sounds cool. Who doesn’t want a robot brain helping run their projects, right??? But do you really want to build one?

Building Custom AI/LLM Solutions

Building an AI tool is like getting into an F1 car??—fast and cool, but will you know what to do with it when this motor's finally revving? ?? Here are some approximate cost ranges with more breakdown:

Let's take building an LLM for document analysis or safety monitoring as an example that involves several significant expenses:

1. Data Collection and Preparation

Cost: $100,000 - $300,000+

  • Collecting and preparing data is essential for training an LLM. For construction, this might involve pulling historical project data, safety records, and compliance documents. Data must be cleaned and labeled before training.

2. Model Development and Training (6-18 months)

Cost: $1 million - $5 million+

  • Developing the LLM involves training models with vast amounts of data. This requires computational resources such as GPU clusters, which can cost millions depending on the scale of the model and how it will be applied. Construction-specific LLMs could analyze contracts, detect anomalies in field reports, or predict safety incidents.

3. Testing and Fine-Tuning

Cost: $250,000 - $500,000

  • Before deployment, the model must be tested and fine-tuned for accuracy. For example, an LLM for construction safety would need to be trained to identify specific safety hazards based on job site conditions and historical incident reports.

4. Deployment and Integration

Cost: $100,000 - $300,000

  • The LLM must be integrated into existing systems, such as project management software or financial tools. This involves customizing dashboards and ensuring that the AI’s recommendations are easily accessible to field managers and back-office personnel.

5. Ongoing Maintenance and Updates

Cost: $100,000 - $500,000 per year

  • AI systems need regular updates as new data comes in. The model must be retrained and optimized for changing construction practices, safety standards, and compliance requirements.

?? So, What’s the Verdict? ??

Whether you build or buy, the decision comes down to time, money, and how much patience you have for tech headaches. Here’s a quick question for you: Do you want to be the hero of the job site, or do you want to spend a year building software? Think about it.

Buying software like Optimized Building Intelligence (OBI), Projul, Graceful Management Systems (GMS), Document Crunch, or Riskcast will save you time and sanity. If you’re dreaming of a custom solution, just make sure you’ve got the budget, the patience, and a top-notch dev team.

Still not sure? Here’s the bottom line: Do you want to get back to building actual buildings or play the long game with software? Whatever you choose, just know the options are here, and the tech is waiting. ????


Upcoming ICO Livestreams

?? ControlQore - Building Financial Control

?? Are You a General or Specialty Contractor Struggling to Manage Your Project Financials and Expenses? ??

Join Intelligent Construction Opportunities for an exclusive livestream with ControlQore and jump into how their innovative financial management software, offers YOU top-notch Bookkeeping-as-a-Service (BaaS)!

From their own experience as contractors, ControlQore knows how challenging it can be to keep up with the on-going paperwork of keeping track of your project financials and expenses. Let ControlQore help you reclaim your weeknights and weekends by doing your financial processes for you!

REGISTER HERE


EARLY ADOPTERS WANTED!

SIGN UP HERE

Click to Register

Livestream Windups - video clips short and sweet

Click above


Click above

Stuff I watch on social media

I thought because our editorial this week is focused on build vs. buy I'd share a channel and a clip that aligns with this topic.

Check out Tech with Tim

Raw Startup - Founder Mode - What it Means


Want to Find Your Best Customers?

Click to find out why you should partner with Intelligent Construction Opportunities!



Chuck Harmon

Building Sustainable Funding Solutions As a passionate advocate for non-profit organizations, I specialize in helping charities secure significant and continuous monthly donations without any cost to the nonprofit.

6 个月

LOVE THIS post, Stephanie Brown! The debate between building custom software and buying off-the-shelf solutions is crucial for many in the construction tech space. Your editorial tackles important questions about balancing immediate needs with long-term goals, which is vital for optimizing workflows. It’s always refreshing to see such insightful discussions that can guide strategic decision-making. If we can be of help with hiring and retaining top-tier people, visit our website: https://employeeloyalty.pro/essential-health?

回复
Jesus (Jesse) Hernandez

Trainer for the Trades, making Construction a relationship rich environment while boosting execution in the field and the office??

6 个月

Pretty clear breakdown?? and I think the option to sign up as a beta tester is pretty cool. Maybe even irresistible to early adopters looking for an edge

Christopher Ricker

Founder @ MyPaintBuckets.com | Project Management, Made for Painters | The Renegade Painter

6 个月

Building technology is not for the faint of heart. Without a doubt, one of the most challenging aspects of custom software development is when you begin to see the endless digital possibilities or "what if"... and find yourself going too far down the rabbit hole… Respect the white rabbit.

Godwin Josh

Co-Founder of Altrosyn and DIrector at CDTECH | Inventor | Manufacturer

6 个月

The Constructive Rant tackles a classic dilemma in the contech space. On a deeper level, this means weighing agility against standardization. Are you leveraging agile methodologies to build custom solutions that truly integrate with your unique workflows?

回复

要查看或添加评论,请登录

Stephanie Brown的更多文章

社区洞察

其他会员也浏览了