Construction has experienced only 1% productivity growth over the past two decades, lagging significantly behind other industries. Research reveals that over 90% of global infrastructure projects are late or over budget, and in the U.S. alone, inefficiencies waste $177 billion annually. BigRentz has adopted AI technology to revolutionize contractor-vendor interactions, moving from traditional approaches to a fully digital platform for procurement. The company’s innovative software aims to provide contractors with the tools needed for better decision-making in a highly competitive and low-margin industry.
BigRentz has transformed its operations from traditional phone-based contracts to an AI-driven platform, enabling smarter procurement strategies for contractors.
Research shows that over 90% of the world's infrastructure projects are either late or over budget, signifying a major issue within the construction industry.
The construction sector has seen only 1% productivity growth over the past two decades, significantly lower than the manufacturing sector and the world economy.
Contractors traditionally managed vendor relationships through inefficient methods like emails and phone calls, highlighting a need for digital transformation in the industry.
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