Brexit uncertainty reduces construction sector optimism

PBC Today | November 08, 2019

The results of the Q3 2019 RICS UK Construction and Infrastructure Market Survey has shown reduced optimism due to an uncertain outlook for the UK economy. Evidence suggests housing market slowdown and investment decisions are coupled with Brexit and political uncertainty. The Construction and Infrastructure Market Survey pointed to a notable declaration in workload, with this quarter only reporting a 10% increase in total workloads. This is down from an average of 33% between 2013 and 2016. Workloads in the commercial and industrial sectors are at a near standstill. Infrastructure reports the strongest rise, with 18% more respondents citing an increase, rather than a decrease in infrastructure workloads compared to in Q2.

Spotlight

Would you rather manage projects through technology that has quickly become antiquated on the project site, such as short-wave radio and information that exists only on a localized hard drive at headquarters, or engage team members with a full suite of field services that keep them updated to the minute on the cloud?

Spotlight

Would you rather manage projects through technology that has quickly become antiquated on the project site, such as short-wave radio and information that exists only on a localized hard drive at headquarters, or engage team members with a full suite of field services that keep them updated to the minute on the cloud?

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ENGINEERING TECH

Eagle Point Software Acquires UK-Based KnowledgeSmart

Eagle Point | August 26, 2021

Eagle Point Software Corporation has announced the acquisition of United-Kingdom-based KnowledgeSmart Ltd, a company that delivers skills gap analysis and benchmarking services to help AEC firms maximize their return on investment in technology, people and client services.Eagle Point Software is the developer of the Pinnacle Series AEC e-learning system, which features a comprehensive library of videos, documents and other development resources that enables long-term employee training and on-demand problem-solving. John Biver, President and CEO of Eagle Point Software, explained, "Although Pinnacle Series was the industry's first e-learning platform to integrate with KnowledgeSmart in 2018, we're now positioned to integrate the two platforms even further and evolve them to bring more value to the AEC and manufacturing spaces. By combining our world-class teams and solutions, Pinnacle Series and KnowledgeSmart are able to deliver rapid platform enhancements that help the design and construction markets upskill and work more productively." Biver continued, "The world has evolved to a work from home or hybrid model virtually overnight. Combining that challenge with ongoing technological advancements, skills gaps in our industry are greater than they have ever been. This acquisition positions us to be able to provide more value than ever before." Rory Vance, Managing Director of KnowledgeSmart, shared, "KnowledgeSmart has enjoyed a close working partnership with Eagle Point for the past five years. Our operational and management teams work well together, and the two organizations share common values with a strong team spirit plus complementary skills and technologies. By combining the industry-leading Skills Assessment platform with the most widely used e-learning and skills development system in the AEC sector, I believe we will achieve more." Vance will continue in a leadership role and actively engage in the forward-looking strategy and execution-related integrations of KnowledgeSmart with Pinnacle Series. It is anticipated other key KnowledgeSmart employees will join Eagle Point and remain based in the United Kingdom. About Pinnacle Series by Eagle Point Pinnacle Series creator Eagle Point Software has helped AEC companies work more efficiently since 1983. Based in Dubuque, Iowa, the Pinnacle Series team is comprised of engineers, architects and construction technologists who deliver the leading AEC and manufacturing development and productivity platform to 240,000+ global registered users.

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Cummins Uses Ansys' Digital Transformation Technologies in Research and Development of Diesel and Dlternative Fuel Engines

Ansys | October 06, 2020

New multi-year agreement aids Cummins in efforts to create more sustainable engines, drives enterprise-wide collaboration and supports initiatives related to PLANET 2050. Cummins engineers are using Ansys' SPDM platform and physics-based digital twins to speed digital transformation. Cummins Inc. (NYSE: CMI) is using Ansys (NASDAQ: ANSS) in its research related to improving emissions profiles, performance and other attributes of diesel and alternative fuel engines. Through a new multi-year agreement, Ansys will aid Cummins engineers in their development of new engine designs, empower enterprise-wide collaboration and support initiatives related to PLANET 2050 — Cummins ambitious environmental sustainability strategy that aims to reduce greenhouse gas and air emissions. Through the collaboration, Cummins leverages Ansys' tools and next-generation simulation process and data management (SPDM) platform to expedite the development of innovative, sustainable engines — significantly maximizing torque and horsepower, enhancing thermal efficiency and improving fuel economy, resulting in significant customer savings and reduced greenhouse gas emissions.

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ENGINEERING TECH

Procore Improves its Preconstruction Solution for Better Cost and Risk Management

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. About Procore 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.

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