How To Reduce Risk & Plan, Bid & Build More Efficiently Through The Use Of Technology?

Feb 21, 2023

In the second episode of Season 11 of the Propcast,
host Louisa Dickins is joined by René Morkos, the
Founder and CEO of ALICE Technologies,
the world’s first construction optioneering platform and Shane
Richardson, President of Lagrange, a management consulting
firm providing project controls and program management
services.

Episode Highlights:

• The founding story behind ALICE
  Technologies and the problems it was designed to solve

• The difference between the two
  products, ‘Alice Pre-Construction’ and ‘Alice Manage’ and their
  capabilities

• How Rene and Shane met and how
  they started working together

• How to use data to make better
  informed decisions

• The hesitancies the construction
  industry have around technology

• The issues they face and potential
  missed opportunities if they are brought in part way through a
  project, rather than the beginning

• Early innovators in the space and
  their impact on implementation and integration

• The biggest changes they have seen
  within the industry and what they predict over the next 20
  years

• The importance of finding the
  right tool when trying to digitalise data to increase
  productivity

• Where they believe the skill gaps
  currently are in construction tech

• ALICE’s sustainability pledge

Resources:

Key Takeaways:

• What resources do you need to
  build to perform those tasks? That’s the kind of information you
  give the system, and then the system generates 6 million different
  ways of building the project for you. – Rene

• I noticed that was one of the
  things that wasn’t being leveraged; how can we use this data to
  make better informed decisions? -Shane

• A lot of times you’re already 20
  plus percent complete with a project, and there’s a certain point
  where you can always minimise risk, minimise costs on a project,
  but as you progress on a project, the further you progress, you
  lose out on that opportunity. – Shane

• What’s happening in construction
  today is what happened to manufacturing in the seventies and
  eighties. It’s really becoming digitised. It’s becoming integrated
  across the supply chain. – Rene

• I think that’s one of the reasons
  why construction projects were plagued with delays, for decades and
  decades. It’s because how do we fix that problem of being able to
  translate accurate data in its schedule, maintain it, and so ALICE
  takes care of that.  – Shane

• The way that I perceive it is that
  one of the major skill gaps is that construction is getting
  converted into algorithmic terms. And so that’s something that’s
  relatively new.  – Rene

• McKinsey article: over the last 20
  years the industry as a whole has only only increased 1% in
  productivity. And the construction spending is about 13% of the
  world’s GDP. And so you think about that, it’s over 1.3 trillion in
  opportunity to try to leverage. – Shane

About Our Host

Louisa Dickins

Louisa
is the co-founder of LMRE, which has rapidly become the market
leading global PropTech recruitment platform and search consultancy
with operations across North America, United Kingdom, Europe and
Asia-Pacific.

To promote the industry she is so passionate about,
Louisa set up the Global podcast ‘The
Propcast’ where she hosts and invites guests from the built
environment space to join her in conversation about innovation.

About LMRE

LMRE is globally
recognised for leading the way in Real Estate Tech & Innovation
talent management.

From the outset our vision was to become a global
provider of the very best strategic talent to the most innovative
organisations in PropTech, ConTech, Smart Buildings, ESG,
Sustainability and Strategic Consulting.

At LMRE we are fully committed at all times to exceed
the expectations of our candidates and clients by providing the
very best advice and by unlocking exclusive opportunities across
our global network in the UK, Europe, North America and
Asia-Pacific.

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