Conventional Business Models May Collapse, as Sustainability and Advanced Technologies Disrupt Building Construction

Frost & Sullivan | July 10, 2020

Frost & Sullivan's recent analysis, Business Model Innovations in the Building Construction Industry, 2020, finds that the building construction value chain will shift from sequential (conventional value chain) to innovative business models with increased penetration of building construction technology. With rapid urbanization and suburban development in Asia-Pacific (APAC), the construction market in the region is expected to reach $14 trillion by 2021 from $10 trillion in 2017. However, the market will be impacted by COVID-19. In a conservative scenario, there will be a long delay in the completion of projects in the commercial segment; in an aspirational scenario, there would be a short delay in the completion of ongoing projects until the COVID-19 pandemic subsides.

"APAC is expected to witness an infrastructure and construction boom in the next five years with a healthy distribution of projects shared between the residential, industrial, and infrastructural segments," said Wen Hui Liu, Energy & Environment Research Analyst at Frost & Sullivan. "Additionally, in this period, innovative business models such as vertical integration, anything-as-a-service (XaaS), and off-site construction will be impacting traditional building construction business in the region."

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Spotlight

Microloc does it again for an engineer. Improving flexibility in the machine shop, holding parts securely and offering the opportunity to clamp both normal and irregular shaped parts accurately and as Martin says with complete repeatability.

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ENGINEERING TECH, CONSTRUCTION

Intelliwave Technologies Releases Enhanced SiteSense® Integrations with Procore® Financials and Field Productivity Modules

PROCORE | September 12, 2022

Intelliwave Technologies, a global leader in providing digital solutions for construction materials management and tracking, is proud to announce a significant expansion of the integration available between SiteSense and Procore Technologies, a leading global provider of construction management software. This integration continues to strengthen the strategic partnership between SiteSense and Procore by providing additional value to mutual customers utilizing leading construction technology tools in one ecosystem. Intelliwave Technologies was formed in 2007 to increase "Time on Tools" for craft labor productivity and improve overall site safety in construction. The result was the creation of a revolutionary web and mobile-based software solution in one encompassing brand, SiteSense. SiteSense's integration with Procore's Directory, Financials, Quality and Safety and Field Productivity modules allows construction teams to effectively close the loop for vendor payment for commitments along with defect management, while tracking material, tools, assets, and equipment consumption from one project to another, with support from the existing directory from Procore during these transactions. This enhanced integration builds on SiteSense's previous integration releases with Procore to provide teams additional touchpoints to further connect the office to the field, driving project performance more effectively. SiteSense and Procore customers can now: Utilize Directory records during field transactions: Directory entries in Procore now sync to SiteSense as workers, crews, and jobs to assist with auto populating contact information, company names and e-mails but can also provide support scanning site badges for materials, tools, assets, and equipment handover transactions. Manage Delivery Defects with Observations: Defect tickets created during receiving of materials, tools, assets, and equipment transactions in SiteSense sync to Procore as Non-Conformance Observations to ensure the defect is reviewed and resolved with the vendor. Types of defects that can be logged in SiteSense include Unacceptable, Overage, Shortage and Damage (UOS&Ds). Support the 3-way match for Commitments: SiteSense Receiving Reports sync to Procore as Commitment Invoices to remove communication issues when closing the loop for jobsite deliveries of materials, tools, assets, and equipment to ensure trust with vendors and continued deliveries. Financial Consumption of Resources: SiteSense Issue Tickets for consumption of materials, tools, assets, equipment, and consumables sync to Procore as one of three options, Change Event, Time and Materials Ticket or Direct Cost to ensure cost is either re-captured through or properly allocated to a project budget that is consuming the goods. Advanced Project Mapping: Added support for 1-1, 1-many or many-1 Procore to SiteSense Projects to support custom Warehousing and Inventory Management use cases. Developer Managed Service Account Configuration: Upgraded set-up of the integration from legacy Service Accounts to the new Developer Managed Service Accounts (DMSA) that drastically reduces the time required to set-up the integration between SiteSense and Procore. The two-way integration between Intelliwave SiteSense and Procore provides considerable value to our shared clients, We look forward to providing new and prospective clients our enhanced best-in-class integration for inventory control, supply chain and materials management for all types and sizes of construction projects." -Dale Beard, CEO of Intelliwave. The SiteSense integration with Procore provides a connected network of leading construction technology tools that can help: Reduce administration costs by up to 10% Craft labor productivity improvement by up to 16% Reduce material bulk purchases by up to 40% "SiteSense by Intelliwave can help reduce data entry errors, transit time, and receipt capture for payment to vendors," said Micah Senen, partner manager at Procore. "The new enhancement to the integration reaffirms how vital SiteSense is for AEC companies looking to bridge the gap between their office and field teams and achieve maximum project performance. By syncing directory entries, defect tickets, and commitment invoices from Procore to SiteSense, we continue to achieve our mutual goal of connecting everything and everyone in construction." ABOUT INTELLIWAVE TECHNOLOGIES: Intelliwave Technologies provides the world's most comprehensive materials management digital solution for construction projects. SiteSense Cloud and Mobile Software enables construction crews to make more informed decisions with accurate real-time information on material status and availability. ABOUT PROCORE: Procore is a leading global 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.

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PRODUCTS, CONSTRUCTION

Trimble Acquires B2W Software to Expand its Civil Construction Portfolio

Trimble | September 15, 2022

Trimble (NASDAQ: TRMB) announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed. With the passage of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation across the globe, construction organizations are fast tracking the digitization of their processes and operations. As infrastructure projects become increasingly complex, data-driven insights and analytics will be imperative to improve productivity, increase efficiency and drive sustainability. "Seamlessly connected workflows are key to unlocking the true potential of an organization's data, With the acquisition of B2W, Trimble will be able to provide an unparalleled end-to-end digital experience—connecting the digital to the physical—for heavy civil and infrastructure contractors." -Elwyn McLachlan, vice president of Trimble's Civil Solutions Division. The addition of B2W's comprehensive suite of pre-construction and operations capabilities will expand Trimble's already extensive civil infrastructure portfolio and Trimble Construction One, a purpose-built connected construction management platform. B2W's integrated suite of applications includes estimating, scheduling, field tracking, equipment maintenance, data capture and business intelligence. By combining these capabilities with Trimble's rich field data, project management, finance and human capital management solutions, civil contractors will be able to bridge the gap between office and field in new ways, promoting transparency, efficiency and ultimately profitability. "B2W has helped thousands of heavy civil contractors increase their bid accuracy and operational efficiency, And now with Trimble, we can realize the next chapter of our story. By linking the planned with the executed, we will provide civil contractors with a truly connected construction experience, unlocking valuable new insights for our customers across their entire operation." -Paul McKeon, founder and CEOB2W. B2W will be reported as part of the Buildings and Infrastructure segment. Perkins Coie LLP acted as legal advisor to Trimble. Piper Sandler & Co. acted as a financial advisor and Foley Hoag LLP acted as legal advisor to B2W Software. About B2W: Headquartered in Portsmouth, New Hampshire and founded in 1993, B2W (formerly known as Bid2Win) provides specialized software for heavy civil construction management. Companies throughout North America and several other countries use B2W Software to bid on large-scale infrastructure and commercial projects, plan and manage operations, maintain large fleets of equipment and leverage business intelligence. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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CONSTRUCTION

Hexagon expands its Smart Digital Reality[TM] capabilities across the construction sector with the acquisition of iConstruct

Hexagon | September 02, 2022

Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of iConstruct Pty Ltd, a provider of award-winning Building Information Modelling (BIM) software used in commercial, infrastructure and industrial construction. Its flagship solution, iConstruct Pro, is a proven construction automation tool with hundreds of global customers that have relied on its benefits for years. It enables integration, accessibility and control of the wealth of design and construction information held within different BIM models, combining all data into a single 3D model. Different stakeholders can filter and tailor the model to suit their specific needs, providing a fully-integrated and efficient approach to construction planning and execution. "Hexagon has long been focused on creating smart digital realities that put data to work in new ways. By blurring the lines between the digital and physical worlds, we can offer customers a complete line of sight to ever-changing situations, Not only does iConstruct add an easy-to-deploy solution for combining different design models into a single source but it also enables the reading, writing and exchange of information all the way through operations and maintenance, passing the value of the single 3D model from design and construction to facilities management, The addition of iConstruct's offerings and expertise opens up immediate opportunities for our Asset Lifecycle Intelligence and Geosystems divisions. With iConstruct both can deliver greater data management, project planning and communication efficiencies to more customers, segments and disciplines involved in the construction process, In addition, iConstruct's customer base will benefit from richer content and improved work processes when combining Hexagon's industry-leading construction automation solutions with iConstruct's tools." -Ola Rollén President and CEO, Hexagon. Founded in 2009 with headquarters in Perth, Australia, iConstruct will operate as part of Hexagon's Asset Lifecycle Intelligence division. The acquisition has no significant impact on Hexagon's earnings.

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