CONSTRUCTION

Procore Works with AWS to Bring Digital Twins to the Construction Industry

Procore | July 16, 2022 | Read time : 01:53 min

Procore Works news
Procore Technologies, Inc.a leading global provider of construction management software, today announced it is working with Amazon Web Services (AWS) to leverage AWS IoT TwinMaker to extend the value of construction data into facility operations. The tools AWS IoT TwinMaker provides accelerate the creation of digital twins for buildings, factories, industrial equipment, and production lines.

Procore’s platform serves to connect all construction stakeholders in the lifecycle of a built asset. AWS IoT TwinMaker will allow Procore data to be integrated from design and construction into operations. Procore project owners will be able to incorporate as-built information from Procore with real-time data sources using TwinMaker, extending the value of construction information into operations. This consolidation of information can streamline operations and maintenance and enable lifecycle analysis of portfolio assets.

“We’re very excited about our partnership with AWS. Roughly 80% of the lifecycle cost of a project is in the operations phase, With this partnership we can leverage Procore’s course of construction data during that operations phase to help owners reduce costs, optimize performance, and be better prepared for future project needs.”

-Tiffany LaBruno, product director, owners at Procore.

AWS IoT TwinMaker will make it faster and easier to create digital twins of real-world systems. Using AWS IoT TwinMaker, developers can get started quickly building digital twins of devices, equipment, and processes by connecting AWS IoT TwinMaker to data sources like equipment sensors, video feeds, and business applications. Built-in connectors for integration with sensors, 3D visualization, and downstream data analytics are transforming the built environment.

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. Procore’s platform connects key project stakeholders to solutions Procore has 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 Procore’s 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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Chemical engineers work on the production of chemicals at industrial scale. The Bachelor in Chemical Engineering at the University of Groningen will prepare you towards this profession. You will learn to deal with chemical processes on a large scale, to develop new chemical products and to design improved catalysts for the targeted reactions. At the same time you will learn to evaluate and improve the safety and sustainability of chemical processes.

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CONSTRUCTION

Billd Announces Partnership with ConstructConnect to Significantly Strengthen Bid Strategies for Trade Contractors

ConstructConnect | June 29, 2022

Billd, the leading provider of material financing and pay app advancement for commercial trade contractors, today announced a partnership with ConstructConnect, a portfolio of software and services that combines a builders network, robust project data, and takeoff tools for construction professionals. This partnership will enable subcontractors using ConstructConnect to more easily secure approval on financing for projects. Combined, these services increase bid confidence and competitiveness, allowing trade contractors to take on more projects and grow their businesses. With this partnership, Billd's premier financing offerings are now readily available to trade contractors as they assess and bid on new projects. This allows trade contractors to plan their financial strategy for each project, reducing the risk of negative cash flow, which can be disruptive once a project reaches execution. By providing access to upfront cash solutions for materials, approved ConstructConnect customers will be able to lock in crucial materials as soon as projects are won, mitigating financial risk from unpredictable market fluctuations in cost and project delays from increased lead times. "Subcontractors have long struggled to gain access to working capital to maintain and grow business through traditional financial institutions, Our partnership with Billd informs subcontractors about the opportunity to secure material and labor payment financing while they wait for payment on work already completed. This should better position companies that require access to working capital to succeed and grow their businesses." -Jon Kost, Chief Strategy Officer of ConstructConnect. Billd has taken major strides in the construction industry to provide financing terms that align with payment cycles. Trade contractors and suppliers are typically the last to get paid, waiting on average over 83 days. A recent US market report from Billd that surveyed nearly 800 contractors found that 66% of contractors pay for materials and 82% pay for labor before receiving payment for their work. Billd works to help alleviate this financial burden through cash flow solutions that allow trade contractors to take on and execute more projects. "The lack of access to finance resources has shortchanged trade contractors for decades, causing limitations on their ability to maintain healthy cash flow, We're thrilled to bring financial options to more contractors through ConstructConnect's pre-construction portfolio. Together we will increase bidding confidence and support execution." -Chris Doyle, CEO of Billd. About Billd- Billd was started by Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance. Chris and Jesse were inspired to launch Billd to bring the financial power of Wall Street to the construction jobsite, allowing contractors to bypass project hurdles with access to upfront funds while enabling suppliers to sell more materials with less risk. For contractors who usually aren't paid until more than 83 days from purchasing materials, Billd provides 120-day terms so they can stabilize cash flow and more effectively grow their businesses. With a deep understanding of the construction industry, Billd knows traditional credit metrics are poor predictors for risk in this vertical segment and has built a variety of industry-specific proprietary analytic tools to better assess risk in the construction industry. About ConstructConnect- ConstructConnect is a leading provider of commercial construction information and technology solutions and is committed to transforming the way the construction industry does business by providing its customers the tools, information, and connections needed to drive their success.

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MATERIALS,CONSTRUCTION

Owens Corning Completes Acquisition of Natural Polymers

Owens Corning | August 02, 2022

Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois. “We are excited to welcome the Natural Polymers team and start working together on innovative product development, Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.” -Todd Fister, President Insulation. Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments. Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the lowest-volatile organic compound products available in the spray foam industry today. About Owens Corning: Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and shareholders, and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion.

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DESIGN

Sciens Building Solutions Acquires Central California Company

Sciens Building Solutions | July 15, 2022

Sciens Building Solutions ("Sciens") today announced the addition of Lodi, California-based Cen-Cal Fire Systems ("Cen-Cal") to its national portfolio of companies. Cen-Cal is the latest acquisition announcement from Sciens and adds to the company's footprint in the important and strategic Northern/Central California market, where it already has an established presence through its Bay Area Division, Sabah International. Cen-Cal will partner closely with Sabah in this region to deliver more value for their customers through cross-collaboration. "We chose to partner with Sciens to continue the success and growth of Cen-Cal by working alongside its experienced leadership team and leveraging the investment that they will provide to help our business grow while building on our great success, . Sciens' growing national presence, combined with Cen-Cal's established reputation in the Central Valley, positions us to develop even broader customer offerings and employee opportunities in the Northern/Central regions of California." -Byron Weisz, Vice President of Cen-Cal Fire Systems. In 1986, brothers Wayne and Byron Weisz founded Cen-Cal based on their extensive experience and knowledge in fire sprinkler design, fabrication, and installation. They have experience with wet, dry, pre-action and AFFF fire sprinkler systems in commercial, industrial, and multi-family residential applications. Cen-Cal has decades of experience in the specialty sprinkler and suppression markets and bring with them a long-standing respected reputation in the industry. "As we continue on our rapid growth trajectory, I'm pleased to welcome Cen-Cal and its very capable team to the fun Sciens journey, We have enjoyed significant success over the past five years with Sabah International in this region and are delighted to add the considerable sprinkler capabilities that Cen-Cal brings to the table. We have no plans of slowing down and continue to seek partnerships with companies like Cen-Cal that are closely aligned with our vision and core values." -Terry Heath, CEO Sciens'. About Sciens Building Solutions- Headquartered in San Francisco, California, and backed by The Carlyle Group, Sciens Building Solutions is a holding company focused on the fire detection and security services sector. This includes the design, installation, and provision of maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional, and government facilities. About Cen-Cal Fire Systems- Cen-Cal was founded in 1986, when brothers Byron and Wayne Weisz combined their experience and knowledge in fire sprinkler design, fabrication, and installation to form the company with the business mantra of "doing what you tell people you are going to do." Cen-Cal's portfolio of expertise includes consultation, design, fabrication, installation, and service of underground and overhead fire protection systems. They have experience with wet, dry, pre-action and AFFF fire sprinkler systems in commercial, industrial, and multi-family residential applications.

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