Construction AI Software: A Guide to Optimal Project Management
When embarking on a construction project, choosing the right type of contract is crucial for ensuring a smooth and successful outcome. The selection of a construction contract can significantly impact the project’s timeline, cost, and risk distribution. In this article, we’ll explore some of the most common types of construction contracts to use for various […]
Pre-Execution Contract Review and Negotiation Technology vs. CLMs: Bridging the Gap for Streamlined Contract Management
Contracts are the lifeblood of any business, serving as the foundation for all transactions and agreements. But managing contracts effectively can be a daunting task, especially when considering the complexities of the contracting process. Contract Lifecycle Management (CLM) technology occupies a big space in legal technology, but it’s not the answer to every contracting need. […]
BlackBoiler Secures 12th Patent for AI Contract Review
Today, we proudly announce BlackBoiler has been issued a new patent from the United States Patent and Trademark Office (USPTO) for editing parameters, a unique component of our AI contract review software. While protecting our intellectual property is important, we are most committed to putting users in control of their AI. An 85% text match […]
Flowers are Blooming, and Construction is Booming
Spring has sprung! The sun is shining, and the birds are chirping, which means only one thing… construction projects are ramping back up and so is construction contracting. According to the U.S. census, construction spending during the first two months of this year totaled $260.8 billion, 5.9 percent above the $246.1 billion for the same period […]
5 Ways Natural Language Processing Improves Contracts
Organizations are increasingly leveraging machine learning and natural language processing (NLP) for contract review, an inherently tedious process that requires strict adherence to specific legal language and corporate objectives. In legal practice, some workflows that require human execution, such as contract review, can benefit from automation made possible by natural language processing, a component of […]
