Our mission at AEC Labs is to develop products that help civil engineering, construction management, and technical services firms protect project profit margin, prevent costly claims, and avoid problem projects.
The American Society of Civil Engineers’ (ASCE) last report card graded America’s current infrastructure a pitiful D+ and called for $1.5T in investment just to maintain it through 2030. Because of this, the 21st century will demand significant investments from both public and private stakeholders in new roads, bridges, ports, and tunnels to keep up with a United States that will swell in population to nearly 400 million by 2050.
But, incredibly, less than 1 percent of the construction industry’s annual revenues are invested in technology. Ours is a huge, high-profile market dominated by old-fashioned practices and thinking, which has yet to see the types of large-scale venture investments we’ve seen in real estate, insurance, and other aligned sectors (though this is changing rapidly).
As anyone who has worked in this industry for an extended period of time (like us) will tell you, the professional services firms charged with imagining and implementing the infrastructure that this country needs face major challenges competing for work, executing projects, and staying profitable.
For these reasons, AEC Labs believes that as our current, massive infrastructure funding gap inevitably closes, it will create increasing demand for data-driven, cost-effective, and comprehensive risk management and project delivery solutions from AEC industry executives, investors, and insurers. In fact, by 2030, the $8 trillion annual construction market will double to over $15 trillion.
These are the core problems that AEC Labs is trying to solve by developing scalable, web-based tools that our industry customers can use to increase efficiency and profits while reducing risk.
What we do
Our core AEC Labs team has worked together for over a decade, first in the New York City office of a large international law firm, and then in-house in the legal department of the world’s largest civil engineering company. Our contacts, expertise, and passion for our industry are unmatched. We can’t wait to work with you to transform the built environment.
- Advising early-stage AEC tech startups 25%
- Industry research and analysis 50%
- Speaking engagements 10%
- Networking and contacts 15%
About our team
Stephen Del Percio
FounderDad, husband, runner, and sports talk radio fanatic, Stephen Del Percio founded AEC Labs in 2016 after a two-year stint inside Amazon.com. A lawyer at AECOM within the corporate Alternative Delivery Legal group and a native of New Jersey, Stephen lives in Seattle with his family, where he enjoys IPAs with an IBU over 70 and rooting against the Seahawks.