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Briq’s COO and Co-Founder, Ron Goldshmidt, sat down with Billd’s Director of Business Development, Robbie Reynolds, on the Built with Billd podcast.
In this episode, Ron discussed the headache that can come with being a construction CFO, having to keep tabs on hundreds of projects, and how that was the catalyst for co-founding Briq. Put aside some time to listen to this informative and lively chat, which is linked below. In the meantime, have a read through some of the best takeaways and quotes from the podcast.
Some key points from the podcast:
- The money workflow in construction is broken.
- The pandemic has pushed people to adopt new technologies.
- There is no “one size fits all” for construction.
- Technology can help firms get ahead of issues and blockers.
Key quotes from Ron:
“It's really a risk management issue that you have too many moving pieces—forecasting and understanding where your profitability is coming from and how you can better handle the different processes that are impacting your projects. That's where technology can speak to things and improve that level of prediction, automation, connection, and collaboration across the project.”
With Briq “you can become a lot more predictive rather than reactive. Rather than sitting once a month, and looking at your cost to complete or your web or your forecast for different projects, you can do it in real-time. So, I always look at it almost like a trading screen, your habit in front of you, you see where all your projects are at, and you can make a decision right now.”
“You know, some of the technology that we use, we're the first ones to use it in construction, but it's been used out there for a long time. I think once you get to that collaborative state, that predictive state in a timely and flexible, low hassle way of inputting where you don't have to change behaviors, then you have a chance of really improving.”
Listen to the podcast here:
Briq is a financial automation platform that helps construction companies grow their business. Get a demo to learn more.
