Most construction companies, subcontractors, and suppliers in the construction industry still manage tenders manually, making the bidding process time-consuming, expensive, and prone to mistakes. ConWize’s SaaS platform solves a critical pain point in the construction process, as tenders directly impact construction companies’ growth and success. ConWize, the construction tendering software company, today announced it had raised $2.8 million in a seed round led by Ariel Maislos. Other investors include Pi Labs, Europe’s first and most active Proptech VC, and angel investors Liad Agmon and Meir Gabay. By automating the construction cost estimation and bidding process, the technology helps minimize development costs and make the overall process more efficient to benefit all stakeholders, including developers, contractors, subcontractors, and end-users.
ConWize is transforming the construction industry’s tendering process, including bidding and cost estimation. With ConWize’s SaaS platform, contractors can estimate projects more accurately, answer more tenders, and win more projects. The platform also offers advanced analytical capabilities, enabling companies to make data-driven decisions and improve their bidding from project to project.