New Features Give the Construction Industry End-to-End Compliance Tools and Automated “Jobs to Be Done” for Better Project Outcomes

[ATLANTA, Ga, July 16, 2024] - Document Crunch, the construction industry’s leading AI-powered contract intelligence and compliance provider, today announced the launch of new groundbreaking automation and compliance solutions, designed to revolutionize document review and project execution. The company’s leading-edge Construction Contract Checklist and Project Playbook powered by CrunchAI™ are now generally available after extensive testing and eager adoption by key customers. These innovative features are automating industry specific jobs to be done to support best practices for contract compliance throughout the entire project lifecycle.

"We have taken a major leap forward in the efficacy of our already industry-leading solutions. Certain best practices, such as thoroughly reviewing a construction contract before bidding, or educating a project team around important contract administrative issues at project kickoff, are at best a big source of pain when it comes to time and money. But the reality is, much of our industry is incurring massive liability or fee erosion because teams don’t have the time or resources to instill these fundamentals when it comes to contract compliance," said Josh Levy, Co-Founder and CEO of Document Crunch. "Document Crunch exists to drive better outcomes throughout the entire project lifecycle. And while we started with empowering better understanding of contract commitments for the whole industry, our newest launches are completely streamlining the adoption of best practices by automating certain work.”

Ensuring contract compliance is an often overlooked necessity in the $13 trillion construction industry, where 50% of projects worldwide finish late or over budget. The terms of the contract and/or how that contract is administered dictate who bears the responsibility to pay for those overruns. Having a contract compliance strategy means de-risking the contract before it’s signed to ensure an appropriate balance of risk, but it also includes ensuring daily decisions at the project level–and the accompanying workflows–align with the complex obligations undertaken by the organization. 

As part of this launch, Document Crunch developed a blueprint, or step-by-step process, for contract compliance that lays out the best practices for achieving better project outcomes: 

1. Conduct critical risk assessment of contract prior to bidding on the job

2. Negotiate risks and terms to your standards

3. Begin every project kickoff by educating teams on critical obligations

4. Provide daily decision support with just-in-time contract insights for project teams

5. Automated compliance for daily workflows and obligations

Document Crunch addresses these needs by providing end-to-end project compliance solutions from pre-signature to project completion and beyond. And it is now doubling down on its initial product suite by introducing more automation for critical jobs to be done.

The new Checklists are designed to standardize contract review procedures, streamline collaboration, and significantly reduce the time required to prepare for bids or negotiate terms by automatically identifying and summarizing what is most important to the user within their complex contract documents. With the integration of CrunchAI, the platform helps mitigate an organization’s exposure to unnecessary risk. 

Document Crunch’s Project Playbook will play an integral role in any organization’s contract compliance strategy by automatically condensing contract information and making it simple for project teams to understand their obligations at project kickoff, but also to access essential guidance during the project. Previously, teams would manually create this guidance, if at all, but now, with CrunchAI, the instructions for key commitments are automatically generated making it easy and efficient to achieve best practices. Available within both Document Crunch and the Procore integration, the Playbook ensures seamless accessibility and integration with existing workflows, enhancing overall project efficiency and accuracy.

With the next generation of Playbooks and Checklists powered by CrunchAI, teams can swiftly assess risks before signing and maintain compliance throughout the project, all without hindering progress or jeopardizing schedules and profitability.

Document Crunch continues to lead the construction industry in innovation, and in June, was awarded a 2024 AI Breakthrough Award for Best Overall Large Language Model. The recognition underscores the company’s commitment to setting a new standard in AI-powered contract intelligence and automation for the construction industry, not just processing contracts and documents, but using technology to truly understand them within the complex context of construction projects. 

"Our AI doesn't just read documents; it interprets them through the lens of construction expertise," says Trent Miskelly, COO at Document Crunch. "We're not just applying generic AI to construction problems. We've built an AI that thinks like a construction professional, and there’s much more to come."  

About Document Crunch:

Document Crunch is the contract intelligence and compliance platform for construction. Leveraging proprietary AI and machine learning it simplifies construction documents, quickly identifying critical risks and providing guidance so teams can make great decisions throughout the entire project lifecycle. The company is on a mission to empower everyone in the construction industry to understand what’s in their contracts. To learn more, visit www.documentcrunch.com or schedule a demo, here.

For more information and to book an interview, please contact:

Girish Jaggi

The MicDrop Agency

+1 (289) 623 3627

girish@themicdropagency.com