PT&C Launches New Cloud-Based Software Solutions, Including a Collaborative Construction Cost Book and Estimation SaaS

CONSTRUCTION

ABC | September 13, 2021

Associated Builders and Contractors and Procore Technologies, Inc, a leading provider of construction management software, announced a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services“Many of our members are eager to boost their technology portfolio to enhance profitability, safety and efficiency, and this partnership can help our members achieve their goals,” said Matt Abeles, ABC vice president of construction technology and innovation. “Procore is already a valued ABC Tech Alliance member and part of our Tech Marketplace, and I believe that they will be a constructive business partner for our 21,000-member companies because of their many industry-leading project management solutions.” “Procore’s vision is to improve the lives of everyone in construction, and we are honored to partner with ABC to expand access to our platform and services to all their members,” said Kristopher Lengieza, vice president of global partnerships & alliances at Procore. “We are committed to providing the construction industry with technology and partnership to build smarter.” Procore’s platform connects entire project teams from the office to the field and across companies, providing one place to work together to do what they do best—build. Procore helps increase productivity and efficiency, reduce rework and costly delays and improve safety, compliance, financial transparency and accountability. Procore has been involved with ABC in a number of strategic initiatives since 2016, and is a member of the ABC Tech Alliance and ABC Tech Marketplace. About ABC Associated Builders and Contractors is a national construction industry trade association established in 1950 that represents more than 21,000 members. Founded on the merit shop philosophy, ABC and its 69 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work. 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. 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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ENGINEERING TECH

FARO, HoloBuilder | June 08, 2021

FARO Technologies, Inc., a global leader in 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering, and Construction), and Public Safety Analytics industries, announced the purchase of HoloBuilder, Inc. today. HoloBuilder introduces to FARO its industry-leading photogrammetry-based 3D platform, which provides hardware-agnostic image capture, registration, and viewing to the rapidly increasing Digital Twin sector. HoloBuilder's technology platform, with an initial focus on ConstructionManagement, offers general contractors a solution to easily capture and virtually manage construction progress using off-the-shelf 360° cameras. HoloBuilder's SaaS platform will complement FARO's highly accurate 3D point cloud-based laser scanning with fast and easy reality-capture photo documentation and remote access capabilities to build the industry's first end-to-end Digital Twin solution—all without leaving the FARO ecosystem. The combined solution will offer comprehensive scanning and image management capabilities for the Digital Twin market, such as robotic assembly 3D simulation, construction management, facility operations and management, and incident pre-planning. The agreement provided for a cash payout of $34 million to HoloBuilder shareholders. HoloBuilder has $4.0 million in annual recurring revenue as of April 30, 2021, with a compounded yearly growth rate of over 75% since 2019. The transaction was closed on June 4 and was funded with cash reserves available. Alantra served as HoloBuilder's exclusive financial advisor. About FARO FARO has been providing industry-leading technology solutions that enable customers to measure their world and then utilize that data to make smarter decisions faster for over 40 years. FARO remains a leader in bridging the digital and physical worlds with data-driven reliable accuracy, precision, and immediacy. About HoloBuilder HoloBuilder is a San Francisco-based technology company that designs, develops, and sells enterprise software that uses 360° photographs, machine vision, and artificial intelligence. HoloBuilder has customers in over 35 countries, and users have documented over 28,000 projects to date.

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PBC Today | October 08, 2020

HS2 is the first major infrastructure programme to adopt digital engineering, with BIM at its core, at the very earliest stages of the project to allow future benchmarking to be delivered over the entire lifecycle – and in real time. Head of digital engineering Dr Sonia Zahiroddiny explains how it works. Digital engineering within HS2 is an umbrella term used to describe the application of Computer Aided Design (CAD), Geographic Information System (GIS) and wider information modelling and management processes to enable a collaborative and efficient collection, sharing, integration and visualisation of engineering and asset data. HS2 is too big and too complex to be managed using traditional static and document-based ways of working because we will be creating and need to manage large amounts of data. It is vital that the project’s data is of a high quality, plus it needs to be accessible and can be visualised in the wider context of the programme to support better decision making. From its very earliest days, HS2 has been committed to utilising digital engineering, with BIM at its core. This is not only to fulfil our obligations as a publicly procured project but also to go beyond the government’s mandate to transform the way the industry has traditionally designed and constructed infrastructure projects. By doing so, we are following the example of manufacturing, aerospace and other advanced sectors that have used the latest trends in technology to revolutionise their ways of working.

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