Iris Technologies is revolutionizing the commercial construction industry with its innovative collaboration system. Unlike traditional construction software that merely manages building information, Iris Technologies focuses on enhancing transparency and collaboration among all stakeholders involved in a construction project. This includes contractors, subcontractors, project managers, and owners.

The company operates in the commercial construction market, which is notorious for inefficiencies such as project delays, budget overruns, and high levels of rework. According to industry statistics, 60% of projects are delayed, 5% exceed their budget, and 90% of owners are dissatisfied with the cost or schedule. Iris Technologies aims to address these issues by providing a platform that facilitates proactive construction management.

Iris Technologies serves commercial contractors who are looking to improve their project outcomes. The platform helps users identify the most critical actions that need to be taken, who needs to act, and how these actions will impact the project's future. This proactive approach helps in reducing rework, staying within budget, and meeting project deadlines.

The business model of Iris Technologies is likely subscription-based, where clients pay a recurring fee to access the platform and its features. This model ensures a steady revenue stream while providing continuous value to the clients through regular updates and improvements.

Iris Technologies makes money by offering its software as a service (SaaS) to commercial contractors. The platform's value proposition lies in its ability to reduce inefficiencies, thereby saving time and money for its users. By improving communication and commitment among all parties involved, Iris Technologies helps in delivering projects on time and within budget, ultimately increasing client satisfaction.

Keywords: commercial construction, collaboration system, proactive management, project efficiency, budget control, delay reduction, contractor software, SaaS, construction transparency, stakeholder communication.