Let’s face it: construction disputes are a messy business. And in today’s digital age, the “mess” often translates to a mountain of electronically stored information (ESI). When a $100 million construction claim hits, the specter of eDiscovery looms large, threatening to drain your budget before the real battle even begins.

As we’ve discussed, eDiscovery costs in such cases can easily range from a staggering 10% to 30% of the claim value – that’s $10 million to $30 million, or potentially even more! These costs are driven by factors like:

• Exploding Data Volumes: Construction projects generate a tidal wave of data, from emails and contracts to complex CAD and BIM files.
• Complex File Types: Handling intricate file formats requires specialized tools and expertise, driving up processing and review costs.
• The Ever-Present Document Review: As the article pointed out, document review alone can consume over 80% of litigation spend.

So, how can you shield your bottom line from this financial onslaught? This is where MySmartPlans and our dedicated Digital Information Librarian team step in.

MySmartPlans: Your EDiscovery Cost-Saving Ally

Imagine a platform that not only streamlines your construction project management but also acts as a powerful shield against exorbitant eDiscovery costs. That’s MySmartPlans.

Here’s how we can help:

• Centralized Data Repository: MySmartPlans provides a secure, cloud-based repository for all your project data. This centralized approach makes data collection and preservation significantly more efficient, reducing the time and cost associated with eDiscovery.
• Enhanced Data Organization: Our platform allows for the meticulous organization of documents, drawings, and other project files. This structured approach simplifies searches and reduces the volume of data that needs to be reviewed during discovery.
• Advanced Search and Filtering: MySmartPlans’ robust search and filtering functionalities enable you to quickly pinpoint relevant information, minimizing the time and cost of document review.
• Digital Information Librarian Team: Our expert team is ready to assist you in managing your project data. They can help with data organization, search strategy development, and even early case assessment, further optimizing your eDiscovery process.
• Proactive Information Governance: Our platform and services encourage proactive information governance, allowing you to manage and control your data throughout the project lifecycle. This reduces the risk of data sprawl and simplifies eDiscovery in the event of a dispute.

The MySmartPlans Advantage: Cost-Effective and Efficient

Now, let’s talk numbers. Imagine MySmartPlans, with all its features and the Digital Information Librarian Team, costing just 1% of your $100 million project. That’s $1 million. Compare that to the potential $10 million to $30 million (or more) in eDiscovery costs without a robust data management strategy.

By investing in MySmartPlans, you’re not just saving money; you’re also:

• Mitigating Risk: Proactive data management reduces the risk of costly eDiscovery mistakes and delays.
• Improving Efficiency: Streamlined data access and search capabilities accelerate the eDiscovery process, saving time and resources.
• Gaining Peace of Mind: Knowing your project data is securely managed and easily accessible provides invaluable peace of mind during a dispute.

Don’t Let EDiscovery Drain Your Budget

In the high-stakes world of construction litigation, every dollar counts. Don’t let eDiscovery costs derail your project. Partner with MySmartPlans and our Digital Information Librarian team to take control of your data and protect your bottom line.

Contact us today to learn how MySmartPlans can help you navigate the complexities of construction claims and minimize the financial burden of eDiscovery.