The Construction Industry Is About to Lose 41% of Its Workforce
"Good contractors don't go out of business because of starvation. They go out of business because of indigestion."The construction economy has split in two. Data centers and infrastructure are booming. Residential, retail and office? Struggling. Globally.In today's episode of Bricks & Bytes, we had Kris Lengieza from Procore on the show and we got to learn about what their Market Intelligence data is really telling us about where the industry is heading right now.Tune in to find out about:✅ The bifurcation: US construction momentum up 21% but the architectural billing index is in contraction. More starts, fewer new designs. Wild. ✅ AI going from pilot to production. Turner and Skanska have deployed safety agents on real job sites. ✅ The vibe coding problem. Project engineers building apps over the weekend and CIOs losing sleep over where the data is going. ✅ 41% of the workforce retiring by 2031 and what that actually means for project delivery.Listen to the full episode on Spotify and YouTube 🎧👇#aec #bricksandbytes #construction #constructiontech #ai #procoreChapters00:00 Intro01:50 Introduction to Market Intelligence Webinar Series 05:28 AI's Role in Construction 10:42 Challenges in Project Completion 14:24 Emergence of User-Driven Software Solutions
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Bricks & Bytes
Executive Briefing: The Industry Just Split in Two. Which Side Are You On?
This is the Bricks & Bytes Executive Weekly Briefing. ~20 minutes. Every week. The only construction briefing built from real conversations with the people making the decisions.This week we're breaking down the split that's reshaping construction right now: the strategic economy versus the consumer economy, and why the gap between the two is accelerating.We'll walk you through: What Procore's new market data actually says about the bifurcation, Why "you can't vibe code trust" might be the most important line in construction tech right now, The ChatGPT contract disaster every exec needs to hear about, What Morgan Sindall's record results tell us about who's winning and why,The Red Robin vs Chili's story that perfectly captures the choice every contractor is facing.Plus two things you can do this week to make sure you're on the right side of the separation.Featuring insights from Kris Lengieza (Procore), Josh Levy (Document Crunch), and Michael Vardaro (construction attorney).
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Bricks & Bytes
The 2028 AI Crash | 41% of Workers Gone | Autodesk's $200M Mistake?
A viral report claims 2028 is the year AI destroys the global economy. Are we sleepwalking into a crisis nobody can stop?In this episode of Bricks, Bucks & Bytes, Owen, Patric, Martin and Dustin rip apart a fictional financial report from Citrini Research that has taken the internet by storm. Chapter by chapter, they debate whether AI will trigger an unstoppable economic death spiral or whether the doomsayers are missing the bigger picture entirely. The conversation then shifts to what is actually happening right now in construction, with fresh market intelligence from Procore and a deep dive into Autodesk's massive $200 million bet on a company called World Labs.Topics discussed:The "Intelligence Displacement Spiral" and why every company doing the smart thing could collectively wreck the economyWhy Patric believes a robot tax is the only way to keep society stable in an AI-driven worldProcore's latest data showing construction is splitting into two completely different economiesThe 400,000 worker shortage and 41% of the US construction workforce heading for retirement by 2031What Dustin learned running a Sales Kickoff and why buying software based on features is a mistakeAutodesk's $200 million investment in World Labs and why Patrick calls the term "world model" offensiveWhether vibe coders could ever vibe code a vibe coder (and what the answer tells us about AI's real limits)"If you truly want to live with AI, you need to start shifting from salary tax to robot tax. Then you actually have an ability to redistribute income and keep society stable." — PatricWatch the full episode on Youtube & Spotify.Chapters00:00 Intro01:30 The AI Crisis of 2028 07:26 The Intelligence Displacement Spiral 13:28 The Future of Software Development 19:31 The Impact of AI on Consumer Behavior 26:36 Skepticism Towards AI-Driven Services 34:08 The Fragility of the Mortgage Market 41:06 AI in Construction: Use Cases and Challenges 48:25 The Importance of Vision in Sales Leadership 53:37 Trimble's Acquisition Strategy and Market Positioning
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Bricks & Bytes
Can AI Work in Construction Law? | A 30-Year Attorney Breaks It Down
Someone used ChatGPT to redline a construction contract. The wording looked like it came straight from a lawyer. Only problem? It was arguing against their own position.In today's episode of Bricks and Bytes, we had Michael Vardaro, a construction attorney with 30 years of experience based in New York City, and we got to learn about how AI is reshaping construction law, why it's a powerful tool but a terrible replacement for professional judgment, and the groundbreaking new AAA AI arbitrator that could change how disputes get resolved... and much more.Tune in to find out about:✅ How AI tools like Firmus AI are catching scope conflicts and potential change orders before they turn into litigation✅ The real story behind the AAA's new AI arbitrator and what it actually means for construction disputes✅ Why the "AI will kill lawyer fees" headline is misleading, and what the CAD revolution taught us about technology and professional services✅ The hidden danger of AI meeting minutes in construction, and how they could actually make your legal position worse🎧 Watch now on Youtube and Spotify. Link in the comments#ConstructionTech #ConstructionLaw #AI #BricksAndBytes #AEC #ConTech #LegalTechOur Sponsors:Aphex is the multiplayer planning platform where construction teams plan together, stay aligned, and deliver projects faster – check out aphex.coArchdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comBuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioChapters00:00 Intro01:20 AI's Impact on Construction Law 08:27 Use Cases of AI in Construction 15:34 AI Tools for Contract Negotiation 20:55 The Role of AI in Legal Services 26:43 AI's Effect on Legal Business Models 31:10 Harnessing AI in Construction Litigation 36:11 The Role of AI in Arbitration 42:21 Communication Challenges in Construction 48:08 The Impact of AI on Meeting Minutes 54:19 Common Mistakes in Construction Contracts 56:56 Future of AI in Construction Law
Construction Productivity Myths, UAE Real Estate, TIMES VC Rankings, with Barton Malow
In this episode of Bricks, Bucks & Bytes, Owen, Martin, Dustin, and Patric dive deep into the biggest misconceptions shaking up construction and venture capital. Plus, we're joined by Victor Muchiri from Barton Malow (a $5 billion general contractor) who reveals what tech actually works in the field.What we cover:Why Dubai developers are bringing $19 billion worth of construction in-house (and whether this trend will hit the West)The shocking truth about that McKinsey productivity chart everyone uses in pitch decksWhy 8 out of 10 construction companies can't even define what a "project" isTime Magazine's controversial VC rankings that reward management fees over actual returnsVictor's insider perspective on which construction technologies actually deliver resultsThe Pablo Escobar business model lesson that might change how you think about valuationsKey quote: "Construction companies can't even define what a project is. Eight different customers cannot define internally what a project is. One customer had eight different definitions. This is your business - the project is the equivalent of the order in manufacturing." - PatricFrom Sequoia being mysteriously absent from "top VC" lists to why rats eating cash might be better than some investment strategies, this episode challenges everything you think you know about construction productivity, venture capital, and business models.------------Chapters00:00 Introduction and Awkward Beginnings03:08 Dubai's In-House Construction Trend11:01 The Best Owner Logic in M&A18:40 Market Dynamics and Developer Strategies21:19 Construction Productivity and Industry Comparisons30:45 Luxury and Value in Construction32:09 The Economics of Markup and Intangible Assets34:32 Current Trends in the UK Construction Market36:02 Introduction to Barton Mello and Its Operations38:36 Innovations in Construction Technology41:31 Data Strategies in Construction45:10 Defining Projects in Construction49:59 Standardization Challenges in Construction53:15 Engaging with Startups in Construction Technology54:35 Navigating AEC Tech Startups56:01 The Importance of Industry Expertise57:09 Defining Success in Venture Capital58:36 Exploring America's Top Venture Capital Firms59:53 Evaluating Venture Capital Performance01:01:42 Critiquing the Scoring Criteria of VC Firms01:04:49 The Role of Sequoia in Venture Capital01:08:25 Understanding the Power Law in VC Investments01:10:19 The Impact of Management Fees on VC Performance01:13:13 The Purpose Behind Controversial Lists01:15:33 Top Podcasts and Their Influence
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Bricks, Buck$ And Bytes
$1.5M AI Employee Bonuses, Procore Growth Slowdown? & LinkedIn Growth Hacks with Derek Wong
What happens when AI hype, billion-dollar bets, and the cold reality of hardware vs. software collide — plus, how to dominate LinkedIn without sounding like everyone else?In this episode of Bricks, Bucks & Bytes Owen, Martin, Patric, and Dustin are joined by LinkedIn strategist Derek Wong to unpack:Which AI giant will actually have the best model by the end of August — and why public betting markets might be getting it wrongThe surprising slowdown at Procore vs. Trimble’s surge — and what it says about the future of construction techWhy hardware “moats” can be a game-changer for tech companiesThe right and wrong ways to use AI in business (and why LLMs aren’t your calculator)Derek’s playbook for turning LinkedIn into the ultimate “box of donuts” for winning high-value customers"Hardware is an amazing bathtub — once you control the install base, your software gets stickier and your distribution gets easier." — Patric Hellermann-----Sponsors:BuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.io4M Analytics - Instant, reliable utility data you can trust and verify - https://www.4manalytics.com/----- Chapters00:00 Intro01:13 Earning Potential and Career Strategies05:26 AI Models and Company Performance10:07 Evaluating AI Tools and Their Limitations14:42 Practical Applications of AI in Business17:52 Understanding User Interaction with AI Tools19:58 Market Dynamics in Construction Technology22:54 Contrasting Business Models: Procore vs. Trimble24:45 Valuation Insights and Market Perception31:25 The Future of Procore: Leadership and Vision39:28 Building Relationships through Content on LinkedIn46:45 Mind Share and Brand Recognition48:27 The Importance of Target Audience50:26 Crafting a Compelling LinkedIn Profile52:03 The Dangers of Self-Labeling54:26 Clarifying Your Value Proposition55:29 Content Strategy for Engagement57:57 The Role of Content in Building Relationships59:43 Understanding Your Goals on LinkedIn01:01:58 The Future of AI and Construction01:08:00 The AI Race and Its Implications01:09:46 Innovations in Modular Housing
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Bricks, Buck$ And Bytes
Turner's 44% Growth, Figma IPO Rogue Calculations, Meta's $150B Block & AI's 85% Fail Rate with Dex from Propel People
Construction companies are posting "impossible" growth numbers while tech giants can't spend their billions. What's really happening?In this episode of Bricks, Bucks & Bytes, Owen, Dustin, and Patric dive deep into the shocking stories reshaping the construction industry, plus a special guest appearance from construction tech veteran Dex who just raised $3 million to solve the industry's biggest crisis.What we cover:Turner Construction's mind-blowing 44% revenue growth (and why it's "impossible")The Figma IPO scandal that cost early investors millionsWhy Meta can't spend $150 billion even though they want toConstruction's $20 billion labor shortage crisisWhy 85% of AI projects fail (and the patterns that actually work)Energy bottlenecks blocking massive infrastructure spendingDex's new startup Propel People tackling the skilled worker shortageKey Quote: "This is highway robbery for the existing investors... they just lost a ton of value." - Patric on the Figma IPO controversyFrom billion-dollar construction wins to IPO disasters, energy grid meltdowns to recruiting revolutions - this episode reveals the hidden forces driving massive changes across the industry. Whether you're in AEC, tech, or just curious about where the economy is heading, these insights will change how you see the business world.-------Chapters00:00 Intro01:00 Origins of 'Okay' and Its Cultural Significance03:40 Turner's Impressive Growth in Construction06:21 Diversification and Strategic Partnerships in Construction09:23 Turner's Expansion into European Markets12:14 Figma's IPO and Market Dynamics15:01 Valuation Challenges and Investor Sentiment18:16 Banking Practices and IPO Pricing Strategies25:21 The State of AI in Enterprises29:16 Challenges of Pilot Programs30:53 Historical Insights on Project Failures35:00 Ensuring Technology Adoption41:43 Energy Infrastructure Bottlenecks47:36 Introduction to Propel People52:13 Building a Recruiting Platform for Construction56:24 Sourcing Talent in the Construction Industry58:18 Evolution of Technology in Construction60:11 The Role of Social Media in Recruitment63:04 Founder-Led Sales and Market Insights67:05 Setting Foundations for Success in Startups
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Bricks, Buck$ And Bytes
$555K Salary for Construction Engineers, Trunk Tools $40M Round, Stone Carving Robots with Monumental Labs
OpenAI is paying construction engineers $555K – but there's a catch that nobody's talking about.In this episode of Bricks, Bucks & Bytes, Owen, Martin, and Dustin expose the shocking reality behind AI salaries in construction, debunk viral industry charts, and reveal why your favorite building materials might be making a comeback.What we cover:Why OpenAI is paying engineers 5x more than top architecture firmsThe truth behind "construction AI growth" charts flooding social mediaHow AI coding tools are changing the startup game (and why most companies are doing it wrong)Trunk Tools' massive $40M funding round – and what it means for the industryInside Dexto's $15M bet on prefabrication technologyWhy stone buildings could dominate the future (thanks to robots)The real strategy behind why successful startups raise more money than they needKey quote: "I've never met a civil engineer or an architect making that much money. Ever." – Dustin DeVan on OpenAI's salary offeringsFrom fake data manipulation to robotic stone carving, this episode pulls back the curtain on where construction tech is really headed. Whether you're an investor, founder, or just trying to understand why your industry is changing so fast – this one's a must-listen.--------Sponsors:BuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.io4M Analytics - Instant, reliable utility data you can trust and verify - https://www.4manalytics.com/------------Chapters00:00 Intro01:25 Introduction and Welcome Back02:43 Exploring AI in Engineering Jobs04:55 Salary Insights for Engineers at OpenAI08:60 The Future of Engineering Roles and Compensation11:46 Equity and Compensation in Tech Companies17:32 Navigating AI Technologies in Business21:53 Funding and Growth in the AI Sector22:30 The Evolution of AI in Construction Tech25:37 The Importance of Founder Branding in Tech31:10 Analyzing AI Adoption Across Industries36:41 Dextal: Revolutionizing Prefabrication Technology51:55 Introduction to Robotic Stone Carving52:32 Innovative Building Techniques with Stone54:04 The Role of AI in Stone Carving55:53 Future of Stone Construction57:22 Business Model and Customization59:29 Reviving the Craft of Stone Carving61:11 Challenges in Stone Architecture64:32 Sustainability of Stone as a Building Material65:50 Personalization in Sculpture67:18 Market Demand for Stone Products70:51 The Future of Robotics in Construction
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