Colorado-based contracting giant Hensel Phelps says it will deploy artificial intelligence-powered progress-tracking across more than 200 active projects to reduce jobsite time spent managing information.
Thai Nguyen, Hensel Phelps’ director of Innovation, announced March 10 that the company extended an existing enterprise agreement with Bay Area-based startup Track3D, using its construction management platform that employs machine learning and AI to provide real-time project status updates among owners, contractors and trade partners via a shared visual source.
According to Nguyen, the platform helped Hensel Phelps save $342,000 and nearly 3,000 hours of labor on the recently finished Courtyard 3 Connector project at San Francisco International Airport, a project the company said had “zero margin» for error.
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«Expanding it across our portfolio was an easy decision,” said Nguyen. “With every successful project, we were consistently reassured that a true partnership was growing, a diverse project portfolio was being supported, and a powerful solution could scale with our needs.”
According to Track3D, the platform’s main benefits include allowing teams to spot risks “before they become reworks” while eliminating back-and-forth decision-making so project stakeholders can spend less time managing information.
The startup secured $10 million in Series A funding last year from venture capital firms Ironspring Ventures and Zacua Ventures, following $4.3 million raised from Shadow Ventures and Monta Vista Capital in 2024, bringing the company’s total funding to $14.3 million since its founding in 2022.
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“This enterprise agreement sets a new baseline of project certainty and efficiency,” said Track3D Co-Founder and CEO Chaitanya NK. “By integrating Track3D’s Reality Intelligence into their core workflows, we are providing their teams with a shared operating system that seamlessly aligns the office and field.”
He added, “We are excited to support Hensel Phelps as they lead the industry in using automated progress tracking to deliver the nation’s most complex builds with absolute precision and zero surprises.”
Hensel Phelps ranked No. 13 on ENR’s 2025 Top 400 Contractors list, reporting $8.1 billion in 2024 revenue.
