Automation of contract review in the construction industry through the use of AI technology

Legartis und Implenia wollen die Prüfzeit von umfassenden Verträgen in der Baubranche beschleunigen. Dafür werden der Spezialist für Vertragsprüfungen mittels Künstlicher Intelligenz (KI) und das international tätige Bauunternehmen ein KI-Modul entwickeln.

The legal technology AI will be integrated into a specialised AI module that is being developed in collaboration with a multinational construction company. According to an official announcement, this technology will enable automated contract review specifically tailored to the construction industry. The construction company’s industry-specific expertise will be incorporated into the training of the AI. “This collaboration creates ideal conditions for developing an effective, industry-specific solution for AI-assisted contract review,” the CEO of the technology company is quoted as saying. The cooperation underlines the commitment of both companies to fully utilise the potential of innovative technologies and to position themselves as pioneers in the use of AI in the legal practice of the construction industry. “This partnership sends a strong signal to the construction industry that AI and legal departments can work very well together,” says the construction company’s Head of Legal and Compliance. “The use of AI in legal matters is an important step in our strategy to improve services and increase efficiency,” adds the Head of Global Legal Strategy. He expects this to result in “improved management of contractual risks, greater standardisation and a significant reduction in the workload of our legal experts”.