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Embracing AI to Transform Risk Management in Construction with Luigi La Corte
Host Riccardo Cosentino sits down with Luigi La Corte, CEO and Co-Founder of Provision, a Toronto-based AI construction technology company. Luigi recounts his journey from working alongside his father’s contracting business to a role in P3 (Public-Private Partnerships) at Plenary, where he observed firsthand the mounting costs of construction disputes and claims.
Driven by a desire to create positive change, Luigi launched Provision in 2022, evolving the venture through several pivots to its current mission—helping contractors and subcontractors identify and mitigate contractual risks early and effectively.
Together, Riccardo and Luigi discuss the promise of AI in reducing disputes, optimizing processes, and ultimately aiming to put more profit into contractors’ pockets, thereby fueling a more innovative and rewarding construction industry for all.
" I do think the industry is very receptive. They want to solve problems. And I don't think AI is a lot of hype. I think what it's done, especially in construction, is it's helped people standardize. One of the biggest problems in construction is that a lot of the information is contained within PDFs and unstructured documents. But now you can create a taxonomy for each of those things and plug them into, you know, the respective workflow. That's magic. And then also, LLMs can emulate some level of human thought and exercise some discretion in a very specific sense." – Luigi La Corte
Key Takeaways- Why construction claims are costly: they consume 2–4% of project budgets, making early risk identification essential to save time and money.
- How AI can streamline error-prone document reviews, improving accuracy and project efficiency
- How market feedback drives product evolution: Iterating based on real-world pain points leads to solutions that better meet user needs.
- Why AI won’t solve every dispute is because its strength lies in reducing errors, identifying risks, and augmenting human expertise for higher-level tasks.
- How contractor profitability fuels industry transformation: reinvesting gains in technology sparks innovation
The conversation doesn’t stop here—connect and converse with our community via LinkedIn:
- Follow Navigating Major Programmes
- Follow Riccardo Cosentino
- Follow Luigi La Corte
- Explore Provision, Luigi’s AI-driven solution to reduce risk in construction.
- Read Riccardo’s latest at www.riccardocosentino.com
Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.
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By Riccardo CosentinoHost Riccardo Cosentino sits down with Luigi La Corte, CEO and Co-Founder of Provision, a Toronto-based AI construction technology company. Luigi recounts his journey from working alongside his father’s contracting business to a role in P3 (Public-Private Partnerships) at Plenary, where he observed firsthand the mounting costs of construction disputes and claims.
Driven by a desire to create positive change, Luigi launched Provision in 2022, evolving the venture through several pivots to its current mission—helping contractors and subcontractors identify and mitigate contractual risks early and effectively.
Together, Riccardo and Luigi discuss the promise of AI in reducing disputes, optimizing processes, and ultimately aiming to put more profit into contractors’ pockets, thereby fueling a more innovative and rewarding construction industry for all.
" I do think the industry is very receptive. They want to solve problems. And I don't think AI is a lot of hype. I think what it's done, especially in construction, is it's helped people standardize. One of the biggest problems in construction is that a lot of the information is contained within PDFs and unstructured documents. But now you can create a taxonomy for each of those things and plug them into, you know, the respective workflow. That's magic. And then also, LLMs can emulate some level of human thought and exercise some discretion in a very specific sense." – Luigi La Corte
Key Takeaways- Why construction claims are costly: they consume 2–4% of project budgets, making early risk identification essential to save time and money.
- How AI can streamline error-prone document reviews, improving accuracy and project efficiency
- How market feedback drives product evolution: Iterating based on real-world pain points leads to solutions that better meet user needs.
- Why AI won’t solve every dispute is because its strength lies in reducing errors, identifying risks, and augmenting human expertise for higher-level tasks.
- How contractor profitability fuels industry transformation: reinvesting gains in technology sparks innovation
The conversation doesn’t stop here—connect and converse with our community via LinkedIn:
- Follow Navigating Major Programmes
- Follow Riccardo Cosentino
- Follow Luigi La Corte
- Explore Provision, Luigi’s AI-driven solution to reduce risk in construction.
- Read Riccardo’s latest at www.riccardocosentino.com
Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.