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SymTerra revolutionises on-site progress tracking, enabling subcontractors to document work, provide real-time reports, and link to activity plans (P6/Asta) for accurate forecasts
About
SymTerra is a cutting-edge communication tool built specifically for on-site project teams. See the project from every dimension and understand the interdependence of activities, assets and people. Gain real-time visibility across your projects to minimise risk, increase profitability and maximise growth.
Construction output in the UK is more than £116 billion per annum and contributes 7% of GDP (ONS, 2021) but remains the least productive industry in the UK economy. As project complexity increases, so does the risk of delays---rising from 29% to 66% for complex projects (CIOB). This drives 60% of UK projects over budget and fuels a global $280bn rework problem.
SymTerra was established in 2021 to resolve this and is now used on £10bn worth of projects across the UK, powering 10,000+ users across 2,000+ projects and 160+ organisations. We have been backed by some of the largest global Venture Capitalists and in October 2023 SymTerra was recognised as one of Bloomberg's Top 25 UK Startups.
Key Benefits
Key value propositions for our customers include:
- 10% increase in productivity through better communication and faster decision-making.
- 15% reduction in subcontractor costs by minimising rework and delays.
- 20% reduction in admin time through automated reporting.
- 60% improvement in worksite visibility, ensuring accurate, real-time information is available to all stakeholders.
Applications
Our primary target customers include:
Infrastructure clients: These organisations manage large-scale projects with stringent compliance and reporting requirements. SymTerra's solution provides enhanced oversight, proactive risk management, and automated compliance reporting, helping clients meet regulatory demands such as the Building Safety Act.
Tier 2/3 contractors: Representing the bulk of the market, these contractors benefit from streamlined communication, reduced administrative burden, and improved project delivery efficiency. By automating reporting and digitising workflows, SymTerra enables contractors to focus on core activities while improving productivity and profitability.
For larger-scale projects over £5 million, we estimate savings of approximately 100 man-hours per project per month, equivalent to £60,000 in annual savings per project. Across 7,000 such projects in the UK (ONS), this represents potential annual savings of £35 million. Additionally, for smaller projects, with estimated savings of 20 man-hours per month across 70,000 projects and a 20% adoption rate, this could add £147 million in market value.
Given that 60% of UK construction projects experience cost overruns, averaging 20% over budget, the economic impact is significant. Of these overruns, 44% are attributed to communication-related issues, equating to approximately £14.5 billion annually. SymTerra directly addresses this by enabling real-time communication and improving collaboration across the supply chain. The specific market for risk mitigation and project optimisation tools is valued at £1.45 billion, making our solution crucial for industry-wide improvements.