Can AI revolutionize EPC?

In this episode of Catalyst, Shayle Kann interviews Alex Modon, CEO and co-founder of Unlimited Industries, about the inefficiencies and outdated practices within the Engineering, Procurement, and Construction (EPC) industry. Alex argues that misaligned incentives, particularly in cost-plus contracts, lead to projects costing more and taking longer. He highlights how the industry's approach to projects as unique snowflakes hinders learning and iterative improvement. Alex introduces Unlimited Industries' approach, which leverages technology, including AI, to enhance the engineering phase, reduce uncertainty, and optimize designs, aiming for fixed-price contracts without change orders. The discussion covers the application of these technologies, particularly in data center construction, and the complexities of managing subcontractors and commodity price volatility.