Construction spending ticks up 0.1% in July

HousingWire | September 03, 2019

Spending on U.S. construction during July was estimated at a seasonally adjusted annual rate of $1.30 trillion, rising 0.1% from the revised June estimate of $1.29 trillion, U.S. Census Bureau said. July’s spending was 2.7% below a year earlier. Spending on private construction was at a seasonally adjusted annual rate of $963.1 billion, 0.1% below the revised June estimate of $963.7 billion, and 4.8% below a year ago. Of that, residential construction spending was at a seasonally adjusted annual rate of $506.7 billion in July, which is 0.6% above the revised June estimate of $503.5 billion but 6.6% down from a year ago.

Spotlight

Michael Rolfe has done a Modern Apprenticeship and is a former winner of our learner of the year awards. Here he tells us about his career in land-based engineering

Spotlight

Michael Rolfe has done a Modern Apprenticeship and is a former winner of our learner of the year awards. Here he tells us about his career in land-based engineering

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MARKET

Bridgit Bench Announces an Integration with Autodesk

Bridgit | November 10, 2020

Bridgit, the leading provider of construction resource management solutions, today announced it has launched an integration with Autodesk®, following news of a $7 million USD strategic investment led by the company. Bridgit Bench is now integrated with BIM 360® and BuildingConnected®. Customers can add and edit a project in Bridgit Bench from BIM 360 or BuildingConnected, log in to Bridgit Bench with their BIM 360 credentials, and open Bridgit Bench in a BIM 360 Partner Card. BIM 360 and BuildingConnected are part of Autodesk Construction Cloud™, a portfolio of software and services that combines advanced technology, a builders network, and predictive insights. The connections between Bridgit Bench and both BIM 360 and BuildingConnected are powered by Autodesk Construction Cloud Connect. Integrating project data between Bridgit Bench and BIM 360 or BuildingConnected and accessing Bridgit Bench using BIM 360 credentials reduces double entry for users, minimizes potential discrepancy errors, and breaks down silos between the systems, giving customers the ability to enhance resource management during preconstruction and site construction.

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CONSTRUCTION

LandSouth Standardizes on Procore for Construction Management

LandSouth & Procore | November 11, 2021

Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, announced that LandSouth Construction, a best-in-class builder of innovative multifamily and senior living facilities in the United States, has chosen Procore as its only construction management platform. Procore’s single platform is replacing more than five current software packages, streamlining LandSouth customers’ access to information and improving consistency, and resulting in fewer financial risks.By leveraging the Procore platform, LandSouth will be able to increase its safety, productivity and efficiency, while providing its teams with a single, trustworthy source of information. Specific benefits of Procore include: Enhanced usability in the field Better collaboration with architects Sophisticated job comparison reporting Ability to have project data available to all departments. "The COVID-19 pandemic accelerated digitization in the construction industry, and the value of having a single construction management platform became clear — and its potential to drive greater profitability,LandSouth will stay at the forefront of the industry, with Procore’s platform taking us to the next level of project management, documentation and financial performance.” -Jamie DeWispelare, CFO of LandSouth. LandSouth has a passion for perfection and has established a new standard of excellence in construction, focused on providing the highest level of service to customers, employees, subcontractors and suppliers. The company has earned a reputation for employing the latest, most relevant technologies and programs to optimize project management, performance and delivery. Staying current, pushing the envelope and fine-tuning its systems are the leading contributors to its high level of client satisfaction, with over 80% of the business coming from repeat clients. “The industry is setting ever-higher bars across the board, from customer satisfaction to greater efficiency and productivity. LandSouth is a great example of how a company finds success,They achieve this by adopting the latest technologies designed to help them meet their goals across all their projects. We are honored that LandSouth has chosen Procore to take them to the next level.” -Tooey Courtemanche, Procore Founder and CEO About LandSouth LandSouth Construction, the Southeast’s premier general contractor, specializing in multifamily, senior living, and mixed–use development, was named one of Engineering News Record’s Top 400. Since 1998 LandSouth has transformed ideas into best–in–class communities. Headquartered in Jacksonville, Fla. LandSouth has completed more than 25,000 multifamily units. Learn more at LandSouth.com. About Procore Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.Procore is a solution purpose-built for construction by construction experts, with a deep understanding of its end users. To learn more about Procore, please visit Procore.com.

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ENGINEERING TECH

TriMech Acquires Adaptive Corporation and Forward Vision

TriMech | November 08, 2021

TriMech, a leading provider of engineering design and additive manufacturing solutions, announced it has acquired Adaptive Corporation and Forward Vision. Terms of the transaction were not disclosed. TriMech is a portfolio company of The Halifax Group, a Washington, D.C.-based private equity investor.Headquartered in Richmond, VA, TriMech helps clients design better products via a broad suite of engineering- and manufacturing-related solutions and services. The company works with leading software and hardware partners including Dassault Systèmes, Stratasys, and Artec, among others, throughout the central and eastern United States and Canada. In addition to its product portfolio, TriMech delivers expert technical support, training, consulting, implementation, additive manufacturing, and staffing services to its customers through its world-class engineering staff. The acquisitions of Adaptive Corporation and Forward Vision expand TriMech's Dassault Systèmes portfolio offering to include CATIA, DELMIA, SIMULIA and ENOVIA. Adaptive is known for its strong capabilities in advanced CAD and simulation, product lifecycle management (PLM), metrology, and Creaform portable 3D scanners. The Forward Vision team specializes in CATIA, DELMIA, and FlexSim and has expertise in robotics, ergonomics, factory scheduling, throughput simulation, and logistics workflows. Both companies have clients in transportation and automotive, aerospace and defense, and industrial equipment. "We aim to be our clients' trusted technology partners. By bringing together great teams with new product offerings and expertise, TriMech will deliver wider solutions and deeper industry knowledge. Growth by acquisition is part of our long-term strategy to help our clients manage rapid digital transformation." -Marcel Matte, President and CEO of TriMech Adaptive will continue to operate under the name Adaptive – A TriMech Company. The Forward Vision team will join Adaptive's sales and support teams. Senior management at Adaptive and Forward Vision will remain in place. Wayne Tanner, Adaptive's President, will serve as General Manager of Adaptive – A TriMech Company, reporting to Ted Lee, TriMech's Chief Services Officer. Forward Vision's President Joe Hugan and Vice President John Moran will serve as Product Managers for TriMech's Robotics and Discrete Event Simulation teams, continuing to support clients with their existing teams. As part of these acquisitions, TriMech also announced it is acquiring the Dassault Systèmes and EASA Software clients of Front End Analytics. These clients will now be supported by the experienced team at Adaptive and TriMech. After transitioning these clients, Front End Analytics will continue as an independent business focused on its Physics Informed Machine Learning and AI solutions. "The demand for increasingly sophisticated technology has accelerated as engineers and manufacturers introduce or improve products to meet market needs. Our combined client base will have access to more solutions that involve critical areas of their business." -Adaptive's President Wayne Tanner Forward Vision President Joe Hugan commented, We have always thrived by working closely with each other and with our clients. As part of TriMech, our people will have more opportunities to collaborate, learn, and grow, making us better able to meet our clients' needs and ensure their success. About TriMech Founded in 1998 and headquartered in Richmond, VA, TriMech provides computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, and staffing services for a variety of industries. Its tools support 3D modeling, simulation, virtual replication, collaboration, and information intelligence applications. The company has 32 locations across the central and eastern U.S. and Canada and serves more than 15,000 active clients. For more information, please visit www.trimech.com. About The Halifax Group Founded in 1999, The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs and management buyouts and invests across a variety of industries, including outsourced business services, health and wellness, and franchising. The firm is headquartered in Washington, D.C. For more information, please visit www.thehalifaxgroup.com.

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