he Brief

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_{BidSight provides modern pre-construction tools for CRE developers, built by CRE developers. It allows them to eliminate costly errors and meet deadlines during pre-construction, with the first project management platform specifically built for these professionals.}

Founders

Alec Dunn‍

Connor Janson 

Joshua Kerber 

Y Combinator (W23) Just Launched

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^{David J. Phillips @davj / 3:00 PM PST • February 1, 2023}

BidSight simplifies the management and collaboration process for commercial real estate (CRE) development teams, facilitating the handling of intricate pre-construction workflows with ease.

Currently, CRE developers manually keep track of pre-construction workflows across numerous project documents, resulting in very costly mistakes. BidSight can mitigate these expenses and provide substantial savings via its software. The platform functions as an authoritative reference for development teams. With its many well-designed functionalities, countless errors can be avoided, prevented, and addressed - saving millions of dollars.

To put it in perspective, the amount of capital spent on construction in the United States was roughly $1.8 trillion in 2022. Recent research reveals that 75% of construction projects experience delays and only about one-third of projects come within 10% of their original budget. This equates to hundreds of billions of dollars being lost annually due to project delays. Instead of wasting these funds, they could be redirected to improve the processes in this industry.

The main issue lies in the inadequate state of the conventional pre-construction process today.

During the typical pre-construction phase process, CRE developers depend on the involvement of multiple parties, such as architects, engineers, and contractors, to assist in designing, obtaining permits for, and planning construction projects that stay within their budget.

However, at present, development teams must employ a disparate array of non-specialized tools, such as email, excel, and PDF editors, to oversee stakeholder workflows and outputs, resulting in error-prone, inconsistent, and isolated processes. This outdated approach compels development teams to constantly reinvent the wheel, essentially starting from scratch for every new project.

Bidsight presents a solution that streamlines collaboration and data management in pre-construction. The platform serves as a single source of truth for development teams, facilitating a seamless and efficient workflow.

The platform optimizes team management by enabling the inclusion of both internal and external members in a project with well-defined roles and responsibilities. It enhances schedule management through the creation of dynamic project schedules that reflect real-time updates on task completion.
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It also offers a feature for drawing and document management, enabling users to upload all project drawings, which are then automatically organized by the platform's OCR engine. This facilitates clear version control and effective tracking of changes. Bidsight streamlines task management by allowing for easy assignment, tracking, and prioritization of tasks, all linked to project documents and deadlines. Standardized processes are achieved through the creation of templates and checklists for specialized workflows, utilizing templated workflows.

Alec Dunn, the CEO of BidSight, has over five years of experience working for one of the largest commercial real estate developers in the United States. He has hands-on expertise in addressing the challenge of implementing efficient workflow and data management in pre-construction.

Alec spent a considerable amount of time searching for software solutions tailored to his specialized needs in the CRE space, but to no avail. Upon speaking with developers facing similar challenges, he brought on board Connor Janson and Joshua Kerber, both with extensive software development backgrounds from Square and Google respectively, to build a product that aligned with his vision.

Help spread the word about BidSight! If you are a real estate and construction professional, they would like to connect with you and gain insights from your experiences. Head over to the BidSight website for further details.