Edgevanta Weekly is your essential guide to dominating the construction bidding and building world with the latest tech, market trends, and wisdom. We made this for construction folks who are interested in continual improvement 💪. 

 Losing a bid with no profit 😳

Ever lost a bid to a competitor at break-even or no profit? This post challenges commons misconceptions, advocating for a data-driven approach. We loved hearing the comments.  

A different way to maintain your fleet?

Barriere's Approach:

• No in-house mechanics.

• Strategic partnerships with local CAT dealer and other support providers. 

• Closing the in-house shop was a significant cultural emotional shift. 

• Success due to equipment department's innovative thinking. 

• High equipment uptime achieved, aided by adoption of Total Process Reliability (TPR).

• Cost savings by focusing on core competencies (construction and paving) and outsourcing equipment support.

About Heave: 

• Heave is a technology-based company.

• They offer on-demand equipment technicians for contractors.

• For more information, see the link provided.

Edgevanta World

• We visited customer Barnhill Contracting this week in NC, spanning from Raleigh to the Coast.

• Engaged with their awesome teams across multiple divisions and shared best practices, enjoying some gorgeous fall 🍁 driving miles in the process.

• Received valuable advice on how they're utilizing our solution to create value, and shared new product initiatives.

• We are super appreciative of the hospitality from Team Barnhill! 

AI And Stuff

If you are interested in what's going in with AI, check out the video below from OpenAI's Dev Day. Highlights:

• ChatGPT created this newsletter logo in ~30 seconds.

• ChatGPT-4 can now search the web, create images without switching from one model to another, and analyze up to 300 pages of text from the user.

• ChatGPT now has 100 million (had to double check this) daily weekly users 🤯. 

Stoic Wisdom 🦾 for the Week

Photo credit to my friend, AS.

Reflect on this as we embark on another week of bidding and building.

We would love to hear what you think about our weekly newsletter!!

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Warm regards,

Tristan

About The Author:

Tristan Wilson is the CEO and Co-Founder of Edgevanta. We make software that helps contractors win more work at the right price.

He is a 4th Generation Contractor, construction enthusiast, bidding nerd, ultramarathoner, and paving nut. He worked his way up the ladder at Allan Myers in the Mid-Atlantic and his family’s former business Barriere Construction before starting Edgevanta with his Co-Founder Matt in Nashville, where the company is based. He can be reached at [email protected]