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Rhumbix CEO Zach Scheel SXSW 2017

Zach's 3-minute presentation as part of startup pitch competition hosted by HOLT Ventures, Caterpillar Ventures, Brick & Mortar Ventures and Cottonwood Technology Fund.

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Rhumbix CEO Zach Scheel SXSW 2017

  1. 1. SOLVING THE CONSTRUCTION PRODUCTIVITY PROBLEM ZACHARY SCHEEL, P.E. CO-FOUNDER AND CEO OF RHUMBIX
  2. 2. RHUMBIX IS A LABOR PRODUCTIVITY PLATFORM FOR CONSTRUCTION COMPANY SNAPSHOT We use smartphones to collect data and communicate powerful insights to and from construction crews in real-time.
  3. 3. THE CONSTRUCTION PRODUCTIVITY PROBLEM 98% OF CONSTRUCTION MEGA PROJECTS INCUR COST OVERRUNS OR DELAYS 80% avg. cost increase; 20 months behind schedule 1 McKinsey Report, The Construction Productivity ImperativeConstruction & Non-Farm Labor Productivity Index
  4. 4. LABOR IS THE LARGEST AND LEAST UNDERSTOOD PROJECT COST LABOR PRODUCTIVITY Labor 50% Materials & Equipment 40% Overhead 9% Profit 1-3%
  5. 5. THE DATA GENERATED BY THE CRAFT WORKFORCE.
  6. 6. MANUAL TIME INTENSIVE ONE-WAY COMMUNICATION FIELD REPORTING TODAY
  7. 7. DIGITAL TIMEKEEPING DAILY REPORTS QUANTITY REPORTING T&M TAGS COMPLIANCE NOTES/PICTURES FIELD REPORTING WITH RHUMBIX
  8. 8. DAILY ACTUAL VS. BUDGET LABOR PRODUCTIVITY FOREMAN FEEDBACK REAL-TIME PROJECT VISIBILITY
  9. 9. FIELD-TESTED SUCCESS
  10. 10. FIELD-TESTED SUCCESS $200/DAY SAVED PER WORKER MINUTES SAVED PER WORKER, PER DAY 50% HEADCOUNT REDUCTION 88% REDUCTION IN TASK DURATION
  11. 11. RHUMBIX IMPROVES MARGINS THROUGH INCREASED LABOR PRODUCTIVITY LABOR PRODUCTIVITY Labor 50% Materials & Equipment 40% Overhead 9% Profit 1-3% 45%5%5-10% 2-3X INCREASE IN PROFIT
  12. 12. THANK YOU!

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