Problem

Escalating costs associated with construction risk are squeezing margins and challenging the viability of construction. Increased frequency and severity of water damage during and post construction have radically changed the cost of insurance. Concrete defects resulting in re-work and litigation are one of the costliest risks for major infrastructure and building projects.

Solution

Brickeye’s construction IoT risk mitigation services de-risk construction projects to reduce exposure, lower total cost of risk, protect margins, and safeguard schedules by mitigating water damage and concrete defect risk. Its job site platform and BuildersRiskIQ dashboard deliver real-time alerts, automated risk controls, and actionable insights to de-risk projects in preconstruction, mitigate risk during construction, and inform risk management best practices post construction.

Features include:

• Construction IoT Risk Mitigation Platform for real-time detection, automated response, and complete job site coverage, reducing both frequency and severity of costly losses

• Insurance-Integrated Value Proposition via BuildersRiskIQ™ dashboard and Certificate of Protection

• Proactive preconstruction services helping stakeholders de-risk projects early, accurately budget technology costs, and protect margins from day one.

Traction

• Deployed on 2,000+ Projects in 20+ Countries

• 2025 Deloitte Canada Technology Fast 50 winner

• 2024 Construction Executive “Top Construction Technology Firms” Award

• 2024 BuiltWorlds Top 50 Smart Jobsites List

Business model

• IoT-enabled SaaS subscription