West Coast Construction | November 28, 2022
United Capital Source helped secure one merchant cash advance totaling $9 million for a west coast construction company. The 32-year-old company will use the funds for a government contract it was awarded for the renovation of two city schools.
After receiving the award for the construction contract, the company came to UCS looking for a subordinated line to its current lender. UCS, an online marketplace, worked quickly with the company’s lender and the funder’s legal teams on the language needed in the subordination agreement. The total time to fund the advance was four and a half days.
UCS helped to structure the exact deal required within the timeframe necessary so the company could take advantage of the opportunity they had despite this being unconventional funding. The construction company received an immediate cash advance of $6 million, with another $3 million becoming available in twenty days when the second part of their project starts. The merchant cash advance structure is an estimated 12-month deal that includes aggressive prepayment options from three to six months.
“This is another example of how our marketplace works. We have partnered with best-in-class lenders and funders who can operate quickly and efficiently across multiple products offering the best rates and terms available. Danielle handled most of the deal, and she worked for 4 days straight assisting the legal teams and working back and forth between all parties getting the deal to the finish line in time for the clients.”
-Jared Weitz UCS.
The structure of the loan is intended to serve as bridge financing, and that’s exactly how the construction company will use it. UCS VP of Sales Danielle Rivelli handled the deal from start to finish.
Danielle’s dedicated service and unique financing structure highlighted UCS’s ability to find business financing options that work for their clients. The construction company acquired the funds to take advantage of the government contract opportunity.
United Capital Source, Inc:
Is a lending marketplace geared towards driving small business growth. .
Autodesk | December 09, 2022
TPM, a Southeast-based digital technology organization, has achieved Autodesk Construction Cloud Elite partner status that enables TPM to provide the complete portfolio of Autodesk Construction products and services to further support the Construction industry. This achievement bolsters TPM's ability to enhance the entire Project lifecycle from Design to pre-construction, Construction, and Facility Management, connecting and enhancing all members of a Project. This new partnership level supports TPM's Vivid Vision of becoming one of the leading Digital Transformation consulting firms serving Architecture, Engineering, Construction, and Manufacturing.
To support this dedicated focus on Construction technology, TPM has promoted new leadership, including Jon Deming to Associate Director of Technical Solutions and Joel Hanneman to Director of Technical Solutions. In addition, TPM has added Scott Anderson as Technical Manager for Construction Technology. These changes come as TPM continues its investment in software and hardware resources to provide construction industry professionals with the best possible products and services.
TPM is an Autodesk Construction Cloud Elite Partner with a portfolio that includes Autodesk's Build, Assemble, Building Connected, and more. In addition to its Construction portfolio, TPM also leverages TrebleHook, an AEC-focused CRM solution, and Leica Geosystems laser scanning hardware and reality capture services. With these industry-leading products and personnel changes, TPM is well-positioned to provide construction industry professionals with the support and services they need from concept through project closeout.
"TPM has the vision to become a leading consultant in the AEC and Manufacturing space. Enhancing our 30+ year relationship with Autodesk to now be the highest level of Construction Certified partner only supports our vision. We are extremely excited about this achievement and the associated team members at TPM who will lead this charge."
-Chris Fay, President of TPM.
We are excited to have TPM join us as an Elite partner for the Autodesk Construction Cloud portfolio. Our focus is on building the right tools to maximize efficiency on every construction site to minimize errors, said Angi Izzi, Senior Director of Partnerships and Digital Sales, Autodesk Construction Solutions. It's imperative to provide scale to our construction customers with a well-enabled channel to help drive significant adoption. This significant investment in technology & partners maximizes our customer's ability to deliver high-quality projects within budgets, timelines, and with success.
Partners within the Elite Construction Partner program are uniquely positioned to provide customers with clarity on their current tech stack, a deep understanding of how the continuation of technology adoption can increase their current capabilities and processes, and first-class implementation services to ensure all desired outcomes.
TPM remains dedicated to helping construction industry professionals win more business, improve their designs, and deliver more work. With its team of construction experts, the addition of new products, and personnel changes, TPM is well-positioned to do just that.
TPM is a Southeast-based digital technology organization with a portfolio of industry-leading software, hardware, and services that helps Architects, Engineers, Contractors, and Manufacturers win more business, improve their designs, and deliver more work.
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.
Disperse | November 24, 2022
Disperse, a leading provider of building productivity systems in the construction industry, today announced the launch of its new product, Impulse. The innovative product enhances processes commonly used in construction with performance insights that project teams can utilize to inform critical day-to-day decisions. In addition to quantifying work-in-place of over 480 task components, Impulse highlights issues that do not conform to design or that may require rework so that project teams can systematically address them. This requires minimal manual inputs from project teams and is instead derived from 360º image scans captured by Disperse operatives that are accessible to customers through a class-leading visual interface of interactive building schematics. Impulse replaces the previous product for all new engagements and has been well received by Disperse's customers, with 35% having already migrated to the new solution.
Impulse visually integrates performance insights into building elevations and surfaces issues that even the most experienced team may not have the bandwidth to identify. Early customers use the work-in-place information displayed over building elevations during coordination meetings to drive more informed discussions with their trades. They also manage issues as broad as ensuring that a ceiling is closed after the rerouting of a pipe, all the way to quantifying outstanding scope to source a new contractor after a particular trade abandoned work on site. Impulse automatically tracks and, when relevant, resolves these issues using photographic documentation obtained through regular site scans, so that project teams can focus on driving productivity.
“What makes us stand out in the market is our ability to reliably and consistently extract data from the site images we capture, We have now built on this capability and our new product, Impulse, gives our customers objective data in an intuitive format for use in everyday decisions. With Impulse, we are serving actionable insights to project teams so that they can make better decisions and drive on-site performance.”
-Felix Neufeld founder and CEO Disperse.
While most construction technology companies rely on project teams to provide status and progress information as well as visuals from their site, Disperse automates this process for project teams by integrating the image scans with project drawings, schedule and, when available, updated BIM model. In essence, Impulse relies on the strengths of artificial intelligence and industry experts working together to extract data from these inputs and generates performance insights that projects can readily use to drive decisions. Disperse customers continue to have access to the comprehensive as-built reports that they lean on for stakeholder communications.
Track what matters with work-in-place insight of over 480 task components across Superstructure, Envelope / Façade, MEP, and Fit-Out.
Quickly visualize and validate any work-in-place with new interactive building elevations that filter by trade, task activity, object / component, and location.
Identify installations that do not conform to design drawings, that may require rework, or that may cause schedule delays with Spotlights, the early issue detection system, now actionable from within the platform. Spotlights also ensure no unexpected regressions occur by monitoring completed work.
Keep project teams focused on driving progress while ensuring stakeholders stay informed with automated executive summary, progress, cost, and earned value reports, as well as with schedule integrations (P6, ASTA, MSP).
Automated reports and insights are based on data that Disperse captures through our turn-key solution that integrates the image scans with project drawings, schedule, and when available, BIM model. This ensures project teams have consistent, quality scans that generate comprehensive as-built records once a project is complete.
Disperse captures the state of construction projects and provides actionable insights in a way that is scalable, accurate, and reliable so that project teams can focus on getting things done. Disperse products combine artificial intelligence and human expertise to empower project teams with insights from data that allows them to make better decisions with an objective project status, minimize risk with reliable as-built records, and improve stakeholder communication.