CEMEX Ventures has announced its investment in X3 Builders. X3 Builders is a vertically integrated general contractor that combines architectural design, material procurement, and construction services to provide clients with a one-stop solution and a seamless transition from design to construction.
This California-based startup is a completely new type of general contractor due to its 100% technological approach. It provides real-time pricing during the design process to reduce cost uncertainty and wasteful redesign efforts. It also standardizes material selection and works directly with suppliers to procure materials, eliminating submittals and lead-time delays. Their in-house software helps to manage the process end-to-end, simplifying the complexities of construction and automating most of the construction administration and accounting process.