Investing in Custom Tech
Pantera Global Technology
Pleasant Prairie, Wis.
DeWayne Adamson, president and CEO, Pantera Global Technology, www.panteratools.com, Pleasant Prairie, Wis., identifies some common factors that are driving construction companies to invest in new technology.
Constructech: What factors are driving contractors to invest?
Adamson: There are a myriad of factors that are pushing contractors to invest in new technology. At the root of these factors is generally one of three things: saving time, saving money, or helping to perform better work. How these goals are achieved evolve over time as technology continues to push forward. For us, we have seen an increased demand for risk management technology, particularly with regards to subcontractor selection and management.
We have spent the past year developing a new platform that will help save time, save money, and help improve quality by connecting general contractors with professionally verified subcontractors.
Constructech: How will investments in your solutions ultimately impact construction?
Adamson: Suffice to say, at one time “risk management” was a luxury for some general contractor who were just squeezing by. However, some highly visible risk management blunders and the evolution of technology have pushed risk management into the fore as a focal point for any growth strategy. A focus on risk management can not only reduce the chance for potential missteps, but can also save a contractor money through reduced insurance premiums.
Options like our Verified Network can be the foundation of a great risk management strategy. A lot of the risk of a project is tied to the preconstruction process, by implementing measures at very beginning of a project you are setting yourself up for success. Our network connects general contractors with subcontractors who have had their qualifications professionally vetted, saving the time and cost of performing that duty internally in addition to the knowledge that you are working with quality subs.
Constructech: What piece of advice would you give to contractors as they are looking to invest?
Adamson: The best advice that I would give would be, don’t be a square peg trying to fit into a round hole. Technology has gotten to the point where each relationship between a client and vendor should be one-to-one, with the ability to add some customizability to fit a client’s needs.
What works for a large retail general contractor in Arkansas is not what will work for a mid-sized industrial contractor out of Oregon. Do your research, talk to the sales people, and find out how a provider can cater to your individual process and needs.