The global construction market size reached a value of approximately USD 12.74 trillion in 2022 and the market is estimated to grow at a CAGR of 6.5% between 2023 and 2028, reaching a value of around USD 18.59 trillion by 2028.
Needless to say, the construction industry is enormous.
But the construction industry is also riddled with its own set of challenges. Construction projects typically take 20% longer to finish than scheduled and are up to 80% over budget, leaving customers dissatisfied, resulting in complex and time-consuming claims processes.
Decisions, decisions, decisions
Construction projects can be messy - both literally and metaphorically speaking - and project managers are often struggling to stay on top of everything taking place at a construction site. And yet, hundreds (if not thousands) of critical decisions need to be made on a continuous basis, sometimes without sufficient information on hand.
With its market-leading field management application, Buildbite helps construction companies improve the flow of information between all parties involved in a construction project and provides these with easy in-app approval workflows.
And as of today, construction companies using Buildbite can include secure authentication as extra measures to ensure those involved in an approval workflow are securely identified and that all decisions are based on careful consideration.
A digitally underserved industry ripe for disruption
“We chose to partner with Buildbite because we know the industry is massively under-served with digital tools. Together with Buildbite, Signicat ensures that the full life-cycle of the building is secured and that critical decisions are backed up with our award-winning secure authentication.” says Antti Harsunen, Country Manager at Signicat.
Micke Paqvalén, Founder of Buildbite agreed, “The strategic partnership with Signicat is a win-win situation for both companies. Through Buildbite, Signicat will enable innovative embedded authentication services for the construction and service industry that are crucial to securing cash flow in the current market turmoil.”
Working together, both companies are in a unique position to help the industry improve efficiency, productivity and customer satisfaction.
Interested in becoming a Buildbite Technology Partner? Read more and apply. The future is bright.
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