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Real time financial risk management for construction

LI

About this project

Construction projects are renown for their low margins, being one of the main reasons the way risk is managed in a reactive manner.

When a new project is about to start, general contractors analyze the risks of contracting third parties as independent elements in the project which causes damages to the parties involved in a contract due to contractor dependencies.

At Hireandbuild, we discovered a way to reduce financial risk on long term construction contracts by combining the properties of robo advisors, algorithmic trading and news analytics with Artificial Intelligence.

Our approach to risk management allows companies control their risk profile and make better decisions for cash flow optimization and financial risk mitigation.

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Visibility
Public
Last updated
6 May 2019

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Proposal

Our Proposal

Need: which problem(s) does your proposal solve?

Financial risk on long term construction projects

Approach: how does your project solve the problem(s)?

By combining the properties of robo advisors, algorithmic trading and news analytics with Artificial Intelligence we take data streams from public sources for project execution history of parties involved and private data from credit rating agencies to determine the risk profile company wide or from project to project.

Alternatives: what other alternatives could solve the problem(s)?

An additional stream of data from sensors, project management software and maintenance analytics will provide better analytics to measure the potential financial risk profile over real estate assets and construction projects

Benefits: what are the benefits of your proposal?

All data relevant to finances from the projects and company wide project execution is crunched and analyzed by our decision engine, the correlated with the data finances of all other projects in your organization’s pipeline, suggesting actions to mitigate financial risks and improve bottomline performance.

Advantage: what gives your project the competitive edge?

Project financial analytics

  • Analyze the financial risk profile of the projects that your organization is going to be part of.

  • Understand how contractor dependencies affect your organization financially and delivery timelines.

Proactive risk mitigation

  • Use real-time analysis of financial data streams, important news and legal changes to determine the effects on your projects.

  • Get proactive actions to mitigate the risk on long term obligations.

Contract management

  • Optimize the way you analyze your projects with automated data feeds.

  • Answer questions about the performance of your company’s contracts in seconds.

  • Overview dashboard of all the project financials and overall risk profile of your organization.

Prospective Partners: what might you expect from prospective project partners?

We are looking for partners in the construction industry who want to implement our solution for project financial risk mitigation.