Objectives
Objectives
The following objectives define the measurable goals of 14Build to ensure the platform delivers value to its users, solves key challenges in the construction industry, and achieves its long-term vision.
Primary Objectives
1. Centralize Construction Management
- Provide a single platform for managing projects, tenders, teams, and payments.
- Integrate Schedule of Quantity (SOQ) as a core feature to standardize cost estimation, resource tracking, and bidding.
Key Deliverable: All project workflows — from job creation to SOQ and escrow management — are accessible through a unified interface.
2. Enable Transparent and Secure Payments
- Use blockchain-based escrow to ensure milestone payments are transparent and released only upon verification of completed work.
- Reduce delays and build trust between clients and contractors.
Key Deliverable: On-chain escrow payments linked to project milestones with proof-of-work submissions for approval.
3. Streamline Tendering and Bidding
- Simplify the tender management process with structured workflows for:
- Request for Proposal (RFP) creation.
- Request to Supply (RTS) submissions.
- Bid evaluation and awarding.
- Support both public tenders (open to all contractors) and private tenders (invite-only).
Key Deliverable: Efficient tender workflows integrated with SOQs and real-time bid comparisons.
4. Facilitate Role-Based User Management
- Support different user types, including:
- In-House Users: Signed-in users with defined roles and permissions.
- External Users: Contacts that can be invited or onboarded as needed.
- Allow clients and contractors to manage their teams, assign roles, and track progress.
Key Deliverable: User role and permission management with decentralized identities (DIDs).
5. Improve Collaboration Between Stakeholders
- Create a networking hub for contractors, tradies, and consultants to showcase profiles, certifications, and portfolios.
- Allow clients to:
- Search for contractors by category.
- Invite contractors directly to tenders.
- Enable contractors to manage their in-house teams and subcontractors efficiently.
Key Deliverable: A networking and collaboration page to build connections and streamline project workflows.
6. Simplify On-Site Management
- Provide tools for tracking daily on-site activities, including:
- Daily Logs: Record progress, weather conditions, and team efforts.
- Compliance Checklists: Ensure work adheres to safety and regulatory standards.
- Variation Management: Allow real-time updates to SOQs and workflows to reflect changes on-site.
Key Deliverable: Real-time on-site progress tracking and variation updates integrated into the project lifecycle.
7. Promote Transparency with On-Chain Records
- Store critical data on-chain to ensure transparency and accountability for:
- Project milestones.
- Tenders and bids.
- Escrow transactions.
- Maintain immutable records to prevent disputes and build trust.
Key Deliverable: On-chain project IDs, tenders, bids, and escrow transactions for traceability.
8. Ensure Scalability and User Growth
- Design 14Build to scale across projects of all sizes, from small-scale builds to enterprise-level developments.
- Provide flexible monetization plans for:
- Clients: Pay-as-you-go or subscription options for project and team management.
- Contractors: Options to manage teams, bids, and networking features.
Key Deliverable: Scalable architecture that supports growth in users, projects, and workflows.
Measurable Outcomes
| Objective | Expected Outcome |
|---|---|
| Centralize construction management | 100% unified workflows for projects, tenders, and payments. |
| Secure and transparent payments | 90% reduction in payment disputes through escrow validation. |
| Streamlined tender management | 50% faster tender-to-bid cycle using integrated SOQs. |
| Role-based user management | Increased team efficiency with clear roles and permissions. |
| Improved collaboration | 30% higher contractor-client engagement through networking. |
| On-site activity tracking | Real-time updates reduce delays by up to 40%. |
| On-chain transparency | Immutable records to eliminate data disputes. |
| Scalability | Support for small projects to enterprise-level operations. |
How These Objectives Benefit Users
Clients
- Manage multiple projects seamlessly with clear cost tracking and transparent tenders.
- Build trust with contractors through secure escrow payments and on-chain verification.
Contractors
- Submit bids confidently with accurate SOQs and bid evaluations.
- Showcase their portfolio, credentials, and track records to secure new opportunities.
Teams and Subcontractors
- Collaborate on projects with well-defined roles, tasks, and progress tracking tools.
Conclusion
The objectives outlined for 14Build aim to streamline construction project management, build trust through on-chain transparency, and enable seamless collaboration between stakeholders. By focusing on measurable outcomes and user-centric goals, 14Build ensures efficiency, scalability, and value for every user.