????? 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.")
2. Testing & Deployment (3-6 months)
Costs: $50,000 - $250,000
3. Ongoing Maintenance (Every. Single. Year.)
Costs: $100,000 - $300,000 annually
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)
2. Document Crunch (Contract Compliance Hero ??♂?)
3. Riskcast (Field Data at Your Fingertips ?)
4. ControlQore (Financial Wizardry ??)
5. SmartBarrel (Time Tracking & Workforce Monitoring ??)
6. Graceful Management Systems (Full Project Integration ??)
7. Optimized Building Intelligence - OBI (Project Management Data Retrieval & Submittal Log Automation)
?? 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+
2. Model Development and Training (6-18 months)
Cost: $1 million - $5 million+
3. Testing and Fine-Tuning
Cost: $250,000 - $500,000
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4. Deployment and Integration
Cost: $100,000 - $300,000
5. Ongoing Maintenance and Updates
Cost: $100,000 - $500,000 per year
?? 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. ????
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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.
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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?
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
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.
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?