b'TCA INNOVATION AWARDS2024 TCA INNOVATIVEBy Sarah B. HoodPRODUCT AWARDSCONTRACTS AND CONCRETE AND CLADDING, OH MY!AT THIS YEARS BUILDINGS SHOW in early December, three exemplary new firms joined an elite roster of honourees with the awarding of the 2024 Innovative Product Awards.TCA president and CEO John Mollenhauer says he finds the occasion inspiring. We introduced this award in order to recognize initiatives in the tech space and innovation that our industry so desperately needs, and to acknowledge the leaders.Mollenhauer reports that the number and quality of submissions are increasing every year. I am delighted to see that ourFIRST PLACE: contracts to flag risks like uncapped industry is showing some real initiativePROVISION SOFTWAREliability, potentially saving a company from by looking for new and better ways to doCORPORATION untold difficulties.things, and that is why the Innovative Product Award is so meaningful: itContract ReviewAutomated Risk recognizes companies that are lookingIdentification for Complex We were the first company, as far as for ways to be more efficient or reduceConstruction Contracts Im aware, to commercialize LLMs (large overhead. Its exciting to see our industryProvision Software is on the leading edgelanguage models) for construction attaching more importance to innovationof AI technology for the constructioncontracts and to find risks in contracts, than it once did, he says. The quality ofindustry. Their web-based risk-reductionsays Provision CEO Luigi La Corte, who is the submissions is extraordinary. software assesses the language ofbased in downtown Toronto.14Quarter 42024 BUILDERSDIGEST'