Can a CEO tell you what their company bought last year?

In today's episode we have Eldar Sadikov, CEO of Field Materials. He says most contractors can't, and he estimates 15 to 20% of materials spend gets lost to the mess.

• Around 25 to 30% of purchases are will calls, bought on the fly with no planned buyout behind them

• He reckons 50% or more of contractors still pay suppliers by cheque

His bar for a good CEO: "the CEO should be in the position to go and query this."

Episode live on YouTube & Spotify. Link in comments.

#aec #constructiontech #ai #bricksandbytes

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Chapters

00:00 Intro

00:48 Why Is Material Procurement Broken in Construction?

04:50 What Are the Hidden Problems Behind Construction Material Procurement?

09:05 How Much Do Material Procurement Issues Cost Construction Projects?

14:27 How Does the Construction Material Procurement Workflow Work?

16:22 Sponsor Message

24:36 How Does Field Materials Solve Construction Procurement Challenges?

34:59 Who Are the Key Stakeholders in Construction Procurement?

36:12 How Will AI and OpenClaw Change the Future of Procurement?

36:26 How Does Onboarding and Implementation Work for Procurement Software?

38:47 What Does a Day in the Life of a Project Manager Look Like With Procurement Software?

40:39 Who Are the Customers for Construction Procurement Software?

42:59 How Do You Measure ROI on Procurement Software in Construction?

46:43 What Role Will AI Play in Construction Procurement?

49:38 How Do You Evaluate Construction Procurement Software?

53:05 Why Do Procurement Software Implementations Fail?

56:57 Where Do Major ERP Players Fit in Construction Procurement?

1:00:48 What Is the Future of Construction Tech?