{"id":25852,"date":"2024-05-18T14:40:33","date_gmt":"2024-05-18T21:40:33","guid":{"rendered":"https:\/\/essential.construction\/news\/cemex-ventures-invests-in-x3-builders-a-vertically-integrated-general-contractor\/"},"modified":"2024-05-18T14:40:35","modified_gmt":"2024-05-18T21:40:35","slug":"cemex-ventures-invests-in-x3-builders-a-vertically-integrated-general-contractor","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/cemex-ventures-invests-in-x3-builders-a-vertically-integrated-general-contractor\/","title":{"rendered":"CEMEX Ventures Invests in X3 Builders, a Vertically Integrated General Contractor"},"content":{"rendered":"

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CEMEX Ventures<\/a> has announced its investment in X3 Builders. X3 Builders<\/a> is a vertically integrated general contractor that combines architectural design, material procurement, and construction services to provide clients with a one-stop solution and a seamless transition from design to construction.<\/p>\n

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This California-based
\nstartup is a completely new type of general contractor due to its 100%
\ntechnological approach. It provides real-time pricing during the design process
\nto reduce cost uncertainty and wasteful redesign efforts. It also standardizes
\nmaterial selection and works directly with suppliers to procure materials,
\neliminating submittals and lead-time delays. Their in-house software helps to
\nmanage the process end-to-end, simplifying the complexities of construction and
\nautomating most of the construction administration and accounting process.<\/p>\n

Although X3 Builders
\nwas founded just over a year ago, the startup\u2019s employees boast vast experience
\nin both the construction industry and the entrepreneurial world. The company
\nstarted out by exploring payment automation processes, and it went on to
\nfurther develop its solution to include the automation of the complete
\nconstruction management process. Thanks to the team\u2019s extensive experience in
\nthe field, they have been able to incorporate solutions to everyday needs.<\/p>\n

By having more data
\nreadily available and controlling the pre-construction phase, it\u2019s possible to
\nsimplify many of the subsequent processes in the project\u2019s life cycle and to reduce
\noverall project costs. That is why so many property owners are willing to try
\nthis end-to-end solution, relying on the transparency and regional pricing data
\noffered by X3 Builders. This type of client forms part an increasingly common
\nprofile, defined by this American startup as modern owners and tenants with a
\ntechnological spirit.<\/p>\n

Gonzalo Galindo<\/strong>, CEO of CEMEX Ventures, said, \u201cOur investment in X3 Builders is a tremendous boost for the digitization of the construction industry. It allows us to get to the very heart of the digital and technological world\u2014which is the path that all construction companies will end up taking. We can also help this start-up to continue to expand and become more established in the different phases of a construction project\u2019s life cycle, such as design and supply chain.\u201d<\/p>\n

Launched in 2017, CEMEX
\nVentures focuses on helping overcome the main
\nchallenges and capitalizing on the opportunity areas in the construction
\necosystem through sustainable solutions. CEMEX Ventures has developed an open
\ncollaborative platform to lead the revolution of the construction industry,
\nengaging startups, entrepreneurs, universities, and
\nother stakeholders to tackle the challenges in the construction environment and
\nshape the industry\u2019s future.<\/p>\n

Source: CEMEX Ventures<\/a>, Madrid, Spain. October 22, 2019<\/p>\n

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