Automates intelligent construction contracts to reduce disputes, improve payment surety, and increase transparency for all project stakeholders.
iContract Technologies is at the forefront of developing automatic intelligent construction contracts. Construction is both an art and a science. Most construction projects can be classified as prototypes as they will only ever be built once and not replicated.
The benefits to be made from an Intelligent Contract will be seismic. Greater administrative efficiency will reduce costs and lead to less minor disputes. Surety of payment will lead to an increase in smaller companies operating with greater confidence in the sector.
Transparency of contract terms will drive collaboration and make the industry more attractive to all stakeholders’ due to the greater definition of risk within any project.
iContract Technologies will offer a new approach that will demand transparency and collaboration therefore de-risking the industry, people will open up and be able to operate in a more collaborative and transparent fashion leading to global supply chains and gains in efficiencies of contract administration.