Contractors subcontract ninety percent of a project and then insist on building their own software.
"There's a lot of construction companies that want to become tech companies, which is fine if you have the resources and the payroll to cover. But the reality is ninety, ninety five percent of the industry is not that."
Barry Chiu on build versus buy.
Full episode on YouTube. Link: https://lnkd.in/dddusMwk#bricksandbytes#constructiontech#aec#buildvsbuy#strategy
In construction, like we subcontract out a lot of stuff on the job, right? Like you probably subcontract out 90% of the project value. And that's because like people know, OK, so and so is really good at concrete. So I was really good at electrical, right? Like you hired the best folks to do those specific scopes of work. I think approaching tech, especially like something like crew should be the same way, right? Like you want to subcontract out the the data plumbing and an infrastructure work because that's what we're good at and that's what you want to not focus or. Timeline. So I think it comes back to like what type of company you want to be. I think there's a lot of construction companies that want to become tech companies, which is fine if you have the resources and the payroll to cover, right. But like the reality is 9095% of the industry is not that they did. They don't have those resources, they don't have that wallet.
