At Mastt, we’re building the world’s first Agentic AI for construction project teams
Used by project leaders building the future around the globe
Mastt and Aconex stand out as two leading technology solutions in the construction industry, but could not be more different solutions. This comparison explores:
1. What is Aconex?
2. Why Mastt?
3. Use Cases & Features of Mastt & Aconex
Aconex was founded in 2000 in Melbourne, Australia, by Rob Phillpot and Leigh Jasper. The journey to creating Aconex started from Rob's personal experiences in the construction industry working for Multiplex. Originally aimed at becoming a market place (Australia Construction Exchange = Aconex), Aconex became the leading provider of document management software to the construction industry before being bought by Oracle for $1.6bn in 2018. Today, Aconex is still owned by Oracle and the product has a heavy focus on providing construction specific solution to General Contractors for complex construction projects.
Aconex has a great platform for project collaboration and beautifully solves problems associated with high volume revisioning and distribution of documents and correspondence. It is expensive, but if you are a construction company or General Contractor or involved heavily in the onsite construction of a project, Aconex can provide great solutions that reduce your risk.
In contrast, Mastt was co-founded by Doug Vincent in 2019, a former Project & Program Management consultant. Both Aconex founders, Rob Phillpot and Leigh Jasper, are investors in Mastt, which targets the key requirements of Project Management and Program Management from the client or Project Owner's perspective, a problem far upstream from Aconex.
Owners care less about revising documents and more about the full portfolio view. As such, managing and reporting on projects and portfolios across their entire lifecycle informs Mastt's approach, emphasizing a fast, easy-to-use system that you can get started today. So if your role is geared towards reporting to project owners or managing many projects as a program, Mastt is right for you.
Let's compare and contrast the features of each below across a Project lifecycle.
Provides Program Managers responsible for Project Portfolio Management with best practice tools for automated roll up of Project data. Eliminates double handling and enables real-time visibility, standardization and control of Reports, Budgets, Risks and more.
Automatically aggregates project data into Programs/Portfolios, plus all the features you need for Program Controls (e.g. Program Risk, Program Budgeting etc)
Provides Project Managers on the Owner/Client's side with simple, easy to use tools to replace spreadsheets and make easy preparing Project Reports, Budgets, Risks, Payments and more.
Provides self serve customizable reports and dashboards making it easy to produce, weekly, monthly, quarterly, board, risk or any type of report for Consultants & Owners. Replaces the need to prepare monthly reports in Microsoft Word
Provides for the storage / archiving of reports and easy retrieval of past reports for comparison and auditing.
Facilitates the tracking and management of potential risks, issues, and opportunities for strategic decision-making (i.e. replaces your current risk register in excel and configurable to your 5x5 or 4x4 risk matrix)
Create project budgets & sub-budgets to track performance contracts, variations, payments and perform cash flows. Tag budgets to roll-up budget data across multiple projects.
Makes easy the contract admin and payment processes, providing tools to upload contract schedules/line items and complete variations through to payment certification and letter production.
Enables tracking and management of project phases and key milestones to ensure timely delivery (e.g. through Inception, Planning, Design, Construction, ELP)
Provides a centralized document management system for storingkey project documents.
Tracks Red-Amber-Green health and safety statuses for easy 'traffic light' project reporting and executive decision making
Maintains a detailed audit trail for project activities and changes, ensuring accountability and transparency.
Offers a visual documentation tool for projects through image uploads and galleries.
Enables the use of customizable project templates to streamline the setup and management of new projects.
Provides Construction Project Managers with comprehensive tools for all aspects of managing trades on a jobsite.
Enables a true collaboration platform for centralising communication through forms / emails when managing many subcontractors and suppliers
Provides a central hub for distributing, revising accessing and annotating up-to-date project drawings and documents when managing many subcontractors and suppliers
Facilitates the storage, review and approval process of construction documents & RFI when managing many subcontractors and suppliers
Enables the recording and tracking of daily activities.
Helps in creating and managing lists of tasks or defects that need to be completed before handover / occupancy.
Facilitates collaboration and coordination among project stakeholders using Building Information Modeling (BIM).
Enhances project safety and quality through standardized checklists, incident reporting, and compliance tracking.
Provides tools for a contractor/builder managing subcontract project budgets, subcontractor cost codes and financial forecasts.
Automates the document review and approval processes, enhancing efficiency and reducing project delays.
