Autodesk | July 21, 2022
As part of its strategy to provide customers with digital tools for a competitive advantage in the market, Autodesk, Inc. (NASDAQ: ADSK) today launched the next phase in its effort to upskill current construction workers and help the industry engage the next generation of prospective recruits. The company's latest initiatives, Construction Master Class and the Autodesk Construction Cloud Learning Center, allow construction industry professionals to learn new skills, advance their career and future-proof their businesses.
The construction labor shortage and digital skills gap are global challenges. According to the latest annual survey by Associated General Contractors of America and Autodesk, 89 percent of construction firms in America are having a difficult time filling hourly craft positions and 86 percent are struggling to fill salaried positions. Sixty-one percent of firms surveyed said their projects are being delayed because of workforce shortages. Globally, according to a recent Core Research survey commissioned by Autodesk of 300 construction professionals in Ireland, most professionals attributed their recruitment challenges to a lack of available skilled labor (59 percent) and a subset of this group (43 percent) believes labor is available, but company recruitment efforts are unable to attract the right talent.
To help its customers and the construction industry more broadly address challenges around the digital skills gap, Autodesk has launched two new programs: Construction Master Class and the Autodesk Construction Cloud Learning Center.
Construction Master Class provides online tutorials from industry leaders that are free to everyone. Hosted by top construction experts, the videos provide practical insights to empower participants with best practices on workflows and career advancement. Construction Master Class allows viewers to hear directly from industry leaders and Autodesk experts on how to deliver critical project outcomes like better cost control, improved quality management and standardized field collaboration workflows – all through a mix of personal stories, use cases and examples of "what not to do."
Autodesk Construction Cloud Learning Center houses easy-to-follow courses free to everyone and translated into five languages on how to use Autodesk Construction Cloud products, including Autodesk Build, Autodesk Takeoff and Autodesk Docs. Learning paths include videos that provide specific and practical instructions on using Autodesk Construction Cloud solutions to excel with digital construction skills such as setting up project templates, tracking issues, managing RFI and submittal workflows and collaborating with project members. Since the launch of the Learning Center in the spring of 2021, there have been more than 42,000 course enrollments with registration from 134 countries.
Autodesk has also established several other initiatives to help develop tech acumen in current construction workers and encourage a new and diverse set of workers to join the profession. These include:
The Autodesk Membership Training Provider Program: More than 215 trade unions and industry associations are now enrolled in Autodesk's program that aims to increase the digital skills of members. Training centers in the MTP Program are provided with Autodesk software products, such as Autodesk Construction Cloud and Revit, for an annual subscription license fee. The program's benefits enhance BIM and CAD training efforts at current training sites and allow new sites to offer enhanced training initiatives with Autodesk technology.
Autodesk's Make It Real program: A community education program encouraging young people to apply design thinking to real problems related to construction and the built environment. The program offers inspiration, learning and funding opportunities, including this year, $50,000 worth of microgrants provided through the Building Changemakers Giveaway. Recipients decide for themselves how to apply the funds where they are needed most, such as expenses to support training – ranging from tuition and certification fees to safety equipment and childcare.
"As we have all acutely felt, the industry is facing major obstacles when it comes to hiring and retaining labor and skilled trades workers, There's huge demand not just for labor in and of itself, but for workers who have digital skills under their belt. Project-ready professionals need to be adept at using technology on the jobsite and in the trailer, as well as in the office. Autodesk's learning resources will enable us to upskill current members and provide new ones with the right tools to get quickly up to speed."
-Ronald McGuire, program administrator at the International Training Institute.
The labor shortage in the construction industry will only get more dire as the current workforce retires, with about 41 percent of current US construction professionals expected to age out by 2031, according to McKinsey, said Allison Scott, director of customer experience and industry advocacy at Autodesk. Our customers consistently voice concerns that though there will be an influx of new projects and roles, the industry is not bringing in enough people to fulfill their increasing needs or grow the right skillsets. Autodesk's construction learning initiatives are being employed to help companies move fast, so they can remain competitive and stay ahead of the curve during the industry's digital transformation.
Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all.
HOVER | August 09, 2022
HOVER, the technology company that transforms smartphone photos of any property into a digital twin with valuable 3D data, today announced that it is offering its entire 3D measurement and takeoff solution for new construction jobs with the ability to upload blueprints. Now, contractors can secure the same 3D models with exterior measurements that HOVER provides from smartphone photos through blueprint designs. HOVER now supports both the improvement of existing structures as well as ground-up new construction projects.
"HOVER's mission is to help people improve their homes with the world's best 3D property data, and today's launch makes that mission even more accessible, Supporting contractors in streamlining their workflows is at the core of what we do. Now, with a faster, easier, more affordable path to prepare takeoffs for new construction bids, contractors can simplify their bidding process and stand out from the competition with inspiring, visual representations of the finished product."
-A.J. Altman, Founder and CEO of HOVER.
Now, with a faster, easier, more affordable path to prepare takeoffs for new construction bids, contractors can simplify
HOVER's new construction solution transforms blueprint plans into scaled 3D models with comprehensive measurements for the property exterior – powering takeoff, proposal, and ordering features in the HOVER platform. Transforming a 2D, black & white drawing into a 3D digital twin allows contractors to instantly demonstrate real colors and materials on an unbuilt home, inspiring property owners and helping contractors stand out from their competition. With a fast turnaround, HOVER eliminates the historically arduous process of manually scaling measurements from drawings that can take up to a week and makes it more cost effective for any contractor to include project visuals in their proposals.
"Before this solution existed, I didn't have time to scale off a blueprint. Now, I can bid on more jobs and win more business. It's a game changer."
-David Ferraro, Owner of Good Guys Contracting.
HOVER is developing the most accurate and usable data set of physical property to deliver a simpler and more transparent home improvement experience. Used by contractors, insurance adjusters and homeowners alike, HOVER drives efficiencies with a mobile app that measures, designs, and estimates costs all in one place; smartphone photos transform into beautifully rendered, fully-measured 3D models of any home.
Huckabee Architects | August 16, 2022
Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today announced the successful acquisition of Image Engineering Group (“IEG” or the “Company”), a Texas-based Mechanical, Electrical, and Plumbing (“MEP”) design firm focused on sustainability in the education, commercial, and retail markets. The financial terms of the transaction were not disclosed.
Founded in 1991 in Westlake, Texas, IEG is a leading provider of innovative MEP design and engineering solutions. Driven by a mission to deliver sustainable, cost-effective buildings and deep expertise operating within the education, commercial, and retail architecture markets, IEG’s seasoned management team boasts a more than 30-year track record of providing environmentally friendly and cost-effective MEP solutions to education, commercial, and retail facilities across Texas and nationally.
IEG will join Rachlin Partners and TSK Architects as part of Huckabee Architects, Inc. (“Huckabee”), Godspeed Capital’s Architectural, Engineering, and Consulting (“AEC”) services and solutions growth platform focused on education and government markets. Continuing Godspeed’s ongoing strategy to further grow and diversify Huckabee’s capabilities, IEG will add technology solutions, geographic and market reach, and customer relationships to the platform. Under the Huckabee umbrella, IEG will integrate its MEP engineering capabilities to enhance the platform’s design innovation and expand the continuum of capabilities offered to Huckabee’s growing customer base.
“We are thrilled to announce the addition of IEG to our platform, whose highly technical MEP engineering capabilities are a key area of expertise for Huckabee as we work to become a diversified, leading national AEC services platform. IEG is a recognized leader within the industry and has gained a tremendous amount of respect for their innovative engineering solutions and the premier client service that IEG’s team brings to each of its projects. We look forward to leveraging the firm’s capabilities to provide Huckabee’s clients a fully comprehensive offering of AEC services and solutions.”
-Chris Huckabee, Chief Executive Officer of Huckabee.
Don Penn, Founder of Image Engineering Group, said, We are excited to join forces with Huckabee and add new design and engineering innovations, scale, and diversity to the platform. Not only will Huckabee’s expansive AEC offerings enable us to expand our network into the growing K-12 and Higher Education sectors across the Southwestern US; the platform will also provide us with a substantial inflow of work to backfill our business development pipeline.
About Image Engineering Group:
Image Engineering Group is a Mechanical, Electrical, and Plumbing design firm located in the Dallas-Fort Worth, Texas area founded by Don Penn in 1991. IEG has dedicated its efforts to educating school districts and other specialty clients in ways to become more environmentally friendly and cost effective in their Mechanical, Electrical and Plumbing design. IEG’s over 30 engineers and designers, by merging geothermal HVAC with solar and wind solutions, have created some of the most energy efficient facilities in the country.
About Huckabee Architects:
Huckabee Architects is the platform brand of Godspeed Capital’s new architecture, engineering, and consulting services and solutions growth strategy focused on providing cutting edge, technology-driven education design and engineering solutions in attractive, high-growth U.S. markets. Founded in 1967 and headquartered in Fort Worth, Texas, Huckabee is the largest education architecture and design services firm in the state of Texas and consistently ranks among the top educational architecture firms in the nation. The firm’s expertise ranges from early learning to higher education, the arts, athletics and spaces where learners of all ages can expand their knowledge. The firm’s education-focused services complement a holistic, human-centric and evidence-based approach to design.
About Godspeed Capital:
Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations.