Volve nominated for the 2025 Construction Industry Innovation Award

The nomination highlights a challenge everyone in construction recognises:

• Around 20% of project time disappears into searching for information

• Roughly 80% of that data is unstructured

• An estimated 96% is never reused for learning

In other words: huge effort goes into reading, understanding, and cross-checking documents – but very little of that work is captured or reused.

Volve was built to change this.

Our AI-based platform analyses and structures tender and contract documents in minutes, giving construction teams what has often been missing:

• Actionable insight instead of raw documents

• Better decision support and traceability across the whole project

• A closed learning loop, so experience from one project benefits the next

“We built Volve because the industry was spending a disproportionate amount of time reading documents and manually cross-checking data,” says Herman B. Smith, CEO at Volve Technologies. “Now we see our technology is hitting a nerve – this nomination is a strong sign that the need is real.”

The fact that some of the largest names in Norwegian construction are already using Volve tells us we’re solving a real pain, not just adding another system.

Being recognised as a finalist for Byggenæringens Innovasjonspris 2025 is both humbling and a big motivation boost. The Volve journey is only beginning – and we’re excited to show what comes next.

You can read more about the innovation and the nomination (in Norwegian)

Read more (In Norwegian) here.