Luke West, Co-Founder & CEO of Collegium, shares insights on how technology is reshaping construction. He highlights the industry's outdated contract structures and the pitfalls of manual processes. Digital transformation through Building Information Modeling (BIM) can cut project costs significantly while improving accuracy in bidding and material estimates. West also addresses the consequences of poor planning, which can inflate costs, and advocates for financial transparency by eliminating middlemen, ultimately streamlining operations and boosting efficiency.