Empowering the Construction Industry Through Contract Expertise
In this insightful interview, Ron Nussbaum sits down with Josh Levy, the co-founder and CEO of Document Crunch, a contract intelligence and automation platform purpose-built for the construction industry. Josh shares his unique perspective on what it takes to be a true "construction champion" and how his company is helping to transform the industry.
From Construction Attorney to Innovative Entrepreneur
Josh's journey to founding Document Crunch is rooted in his extensive experience as a construction attorney. After spending over a decade working in private practice and in-house legal departments for large contractors, he witnessed firsthand the significant challenges, and pain points the industry faces when it comes to contract compliance and administration.
"I had enough with bad projects derailing people's careers. I had enough with bad projects causing distraction for teams, depositions, arbitrations. And I had enough, candidly, seeing companies, good companies in our industry, lose everything, lose everything in litigation, simply because they either didn't understand what they were signing up for, or their teams weren't calling the right plays per the contract terms."
This deep understanding of the industry's struggles inspired Josh to create a solution that would empower construction professionals to better navigate the complexities of contracts and mitigate the risks associated with them.
The Importance of "Construction Empathy"
One of the key factors that sets Document Crunch apart is the company's deep-rooted "construction empathy." Josh emphasizes that it's not enough to simply have a good understanding of the problem; the entire team must have a genuine empathy for the industry and the challenges it faces.
"This isn't just about building cool technology. I don't care. This is about helping solve a huge problem for our industry. And that's what you get in working with Document Crunch. So I'm very proud that it's not just me. This isn't just a cult of my personality. This is a hell of a team, a dream team, if you will."
By assembling a team of construction professionals, attorneys, and technology experts, Document Crunch has been able to develop solutions that truly resonate with their customers and address their pain points.
Becoming a Construction Champion
According to Josh, being a "construction champion" goes beyond just attending industry conferences or having a general openness to innovation. It's about taking an active, hands-on role in driving change and improvement.
"What makes a champion is someone who actually takes a leadership role in implementing and implementing. And what does that mean? I'll just be straight up with you. Document Crunch. The product that we launched with four years ago is light years behind where we're at today."
Josh emphasizes the importance of being a true partner in the innovation process, providing candid feedback and working collaboratively to shape the solutions that the industry needs. He believes that this "championship mentality" is crucial for unlocking the industry's full potential and addressing long-standing challenges.
Tackling the 50% Problem
One of the staggering statistics Josh shares is that 50% of construction projects globally are finishing over budget or over schedule. He argues that this unacceptable level of inefficiency is directly tied to the industry's struggles with contract compliance and administration.
"50% of the time, someone has to pay more than they thought they would when they signed up. Uh, can you imagine if we said that 50% of the time, someone steps on a job site, they're going to get hurt. Like, it's enough already. We can do something about this."
By providing tools and solutions that empower construction teams to better understand and administer their contracts, Document Crunch aims to help the industry reduce this alarming statistic and become more profitable and efficient.
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Conclusion: Embracing the Future of Construction
Josh's vision for the future of the construction industry is one where technology and innovation are seamlessly integrated to address long-standing challenges. From "fire extinguishers" that help teams quickly resolve contract-related issues to "smoke detectors" that proactively identify potential problems, Document Crunch is at the forefront of this transformation.
As the construction industry continues to evolve, Josh encourages all professionals to embrace the role of "construction champion" and become active partners in driving positive change. By working together and leveraging the power of technology, the industry can unlock new levels of efficiency, profitability, and safety.
Unlocking the Power of Construction Contracts: An Interview with Josh Levy of Document Crunch
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