Procore | June 14, 2021
Procore Technologies, Inc., a leading provider of construction management software, announced an enhanced Pre-construction solution at today’s Procore Innovation Summit. This solution connects people, designs, and data across pre-construction and the course of construction on Procore’s platform, with analytics tools to support the entire process.
According to a 2018 study conducted by FMI, correcting work that was incorrectly done or rework cost over $500 billion in 2018. On average, 52% of that rework was caused by insufficient project data and communication. Procore Preconstruction is tailored for owners, general contractors, and specialty contractors looking to win and build more profitable projects while reducing risk and rework. Every project stakeholder can now be connected to a project’s design, estimates, bidding, and budgets within the Procore platform.
Improving Estimates by Connecting Estimating to Financials
Procore Preconstruction starts with estimating and takeoff, and the data flows into bidding and financial tools. This allows users to better manage project costs through all construction phases by connecting the pre-construction teams with the field.
Procore acquired construction estimating and takeoff company Esticom in October 2020. Esticom’s technology is now integrated into the Procore platform and its user interface, enabling users to:
Automatically create their budget and prime contracts directly from an estimate with a single click, preventing critical information from being lost in the transition from pre-construction to operations.
Streamline change management and ensure their total estimated profit is not lost between systems or teams — made possible by connecting drawing markups to evaluating via the Drawings tool.
Build more accurate takeoffs faster with Auto-Count, an artificial intelligence feature that assists in symbol recognition.
Use Procore’s new benchmark data, available within Procore Analytics, to compare the past performance of initial estimates to the final budget at project delivery. The performance of specific specialty contractors across projects of similar size and type can also be compared.
Better Design Coordination to Ensure Constructability
If the first half of reducing cost risk is to make better estimates, the second half is better to design coordination to ensure constructability. Constructability review is an all-hands-on-deck process with the design team. The project team collaborates to flag issues and ultimately ensure that the plans put into action can be delivered as designed.
Procore Preconstruction has tools for effectively managing design collaboration, including:
Coordination issues: This new tool allows teams to track and manage all 2D and 3D design issues in one location and to perform collaborative design reviews on drawings.
“Follow Me” feature in Procore BIM: Users can see all active users reviewing the model and navigate directly to their location with a single click, making design reviews more efficient and effective.
Dynamic 2D Views from Procore BIM: Users can create 2D drawing views of the design from the BIM model. Now teams can see all building systems consolidated in a single thought to ensure everything is coordinated and properly located before construction.
Procore is a leading provider of construction management software. Over 1 million projects and more than USD 1 trillion in construction volume have run on Procore’s platform. Procore’s platform connects vital project stakeholders to solutions Procore has explicitly built for the construction industry—for the owner, the general contractor, and the specialty contractor. In addition, Procore’s Marketplace has many partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in Canada around the globe.
Congruex | November 04, 2020
Congruex, a national end-to-end provider of design, engineering, construction, and maintenance services to broadband providers, today announced the acquisition of True North Management Services, LLC ("True North"), a leading regional provider of wireless infrastructure. Financial terms of the transaction were not disclosed. Founded in 2000, True North is a U.S. veteran owned and operated provider of complete, turn-key solutions for tier 1 wireless carriers, fiber companies and tower owners. Its core service areas are ground and small cell installation, tower construction, maintenance and emergency response. True North is headquartered in St. Louis and serves a number of states including Illinois, Missouri, Kansas, Nebraska, Oklahoma, and Tennessee. True North is the eighth strategic acquisition that Congruex has completed since establishing a partnership with Crestview Partners, a leading New York-based private equity firm with significant expertise in the cable, telecommunications and business services industries. Collectively, these transactions have firmly established Congruex as one of the largest telecom engineering and construction firms in the United States. Congruex provides best-in-class, turn-key services to broadband operators.
Bentley Systems | July 08, 2021
Bentley Systems, Incorporated, the infrastructure engineering software firm, announced today that its Seequent business unit had acquired Danish geophysical software developer Aarhus GeoSoftware. Seequent's solutions for operational groundwater management and sustainability initiatives, including exploration, contaminants, and infrastructure resilience, will be expanded due to the acquisition.
Aarhus GeoSoftware, a spinoff company from Aarhus University in Denmark, creates the software packages AGS Workbench, SPIA, Res2DInv, and Res3DInv for the processing inversion and visualization of geophysical data from electromagnetic (EM), electrical resistivity tomography (ERT), and other sources. Users using AGS software can generate 2D and 3D pictures of subsurface electrical resistivity. The software's outputs can be used to identify and differentiate subsurface materials, and they can then be modeled in Seequent's Leapfrog to help with various subsurface investigations.
The software maps the subsurface distribution of materials such as water, mineral deposits, and clays using electric field measurements acquired at ground level or airborne sensors. Electrical resistivity enables researchers and industry experts to know better the distribution of materials such as water, mineral deposits, and clays. For example, when the water contains other chemicals such as salt, the distribution can be inferred.
The goal of AGS software was to map groundwater throughout Denmark to ensure clean drinking water for future generations. It is now used in a variety of applications, such as locating subsurface faults and cavities to reduce construction risk, investigating orebodies and waste rock and tailing processes in the mining, monitoring groundwater and contaminant movements to help understand environmental impacts, modeling dam and tunnel stability, and assessing landslide risk to gauge asset resilience or construction plunging. Seequent will continue its tradition of collaborating with universities and research organizations worldwide by extending its collaboration with Aarhus University to develop AGS geophysical solutions.
Seequent, a Bentley company, is a global leader developing innovative geoscience analysis, modeling, and collaborative technologies to understand geoscience and engineering design solutions better. Our solutions enable individuals to understand complicated data, manage risk, and ultimately make better decisions about earth, environment, and energy issues.
Seequent software is utilized on large-scale projects worldwide, including road and rail tunnel construction, groundwater detection and management, geothermal research, subsea infrastructure mapping, resource evaluation, and spent nuclear fuel storage.
Seequent's global footprint comprises its Christchurch headquarters and R&D facilities in Christchurch and Canada and a network of offices in Asia/Pacific, Africa, South America, North America, and Europe that provide leading subsurface solutions to organizations in over 100 countries.
About Bentley Systems
Bentley Systems is a software company that specializes in infrastructure engineering. We develop innovative software to improve the world's infrastructure, thus sustaining the global economy and the environment. Professionals and businesses of all sizes rely on our industry-leading software solutions to design, construct, and operate roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. MicroStation-based modeling and simulation applications, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins are among our products. Bentley Systems employs over 4,000 employees and generates more than $800 million in annual revenue across 172 countries.