We're a team of software builders helping home builders!
KonstructlQ’s mission is to transform residential construction by providing builders with software that simplifies project management and boosts financial performance.
The U.S. construction industry is critical to the U.S. economy
$1.4 trillion
Annual contribution of the construction industry to the GDP of the U.S
7 million
Employment in various roles from skilled trades to engineers and, project managers, and laborers.
1.1 million
The number of new homes built annually in the U.S.
However the industry faces four key challenges to finances
40% of payments offline
Checks are still used widely across the construction industry
90 Days to collect payments
It takes an average of 90 days to collect payments on invoices
6-10% estimate cost increases
Firms increase bids on average by 6-10% to account for payment delays
73% out of pocket costs
73% of contractors had to pay out of pocket for materials in 2023
These challenges exist because of poor process and time-wasting tools.
There is a lack of streamlined process for managing projects, payments are disconnected from business workflow and the tools are disconnected from each other. All this results in:
Tedious paperwork and reconciliation
Budget overruns and delays
Poor visibility into project finances
Frustrated clients and partners
Our Solution
KonstructiQ aims to solve these problems with the goal of delivering projects on budget and time, giving you greater visibility into your finances, and keeping your partners happy.
Interested in learning more?
Reach out to us and learn how KonstructIQ can help your business