Procore | May 25, 2022
Procore Technologies Inc. a leading global provider of construction management software, announced a new partnership with Shepherd, a startup insurtech based in San Francisco, to begin offering an integrated insurance product that provides improved insurance terms and lower premiums to qualified Procore customers.
"Procore’s platform, integrations, data and analytics enable our customers to run safer and more profitable businesses, However, contractors are not typically rewarded by insurance markets for making these risk-reducing investments. And, insurance is one of the biggest costs that our customers are trying to manage. Our partnership with Shepherd offers our customers the insurance coverage they deserve."
Tooey Courtemanche, Founder, President and CEO of Procore
Shepherd’s mission is to create a safe and sustainable construction industry by providing innovative insurance products to general and specialty contractors which incentivizes the use of technology on job sites. As a Procore portfolio company and App Marketplace partner, Shepherd is offering qualified Procore customers underwriting credits in order to lower premiums, endorsing the idea that technology reduces risk in construction. This program is called Casualty Pro, and starts with Excess Liability, Shepherd’s current product offering. The company plans to expand this program alongside bringing new casualty products to market.
A sample analysis of Procore contractors found that the experience modification rates (EMR), which are a standardized metric used in determining worker’s compensation premiums, for the top quartile of general contractors on the platform outperformed those of their peers by 21 percent on average. The same study also saw positive correlation and an average EMR decrease from the time when a contractor adopted Procore to their 2022 results.
Similarly, Procore’s recent 2022 Customer Return On Investment (ROI) report, users reported significant benefits in the following areas: safety, quality, efficiency and risk.
Safer Jobsites: 79 percent of customer respondents that use Quality and Safety tools agree Procore has improved their company’s safety programs.
Improved Efficiency: Customer respondents reported saving an average of 15 days on the overall schedule on a typical project.
80 percent of customer respondents agree they have more protection in a litigation scenario with the data they are tracking/capturing with Procore
"At Shepherd we're determined to align the contractor - insurance carrier relationship in new ways. We believe strongly in the power of Procore's platform and the positive impact Procore tools have on jobsite safety, risk management, and loss control. Innovative insurance products, such as Casualty Pro, allow us to underwrite using more inputs and provide opportunities to credit contractors who've adopted the best construction technologies." - Justin Levine, co-founder, chief executive officer of Shepherd Underwriting.
"We're introducing Procore usage as a new category in Shepherd's underwriting process because we believe in the positive benefits of the platform on day-to-day risk management and loss control on job sites. We hope this partnership benefits clients who have already taken the important step of implementing technology solutions across their project portfolios," said Steve Buonpane, co-founder, chief insurance officer at Shepherd.
The Casualty Pro program is optional for Procore customers and does not guarantee lower premiums. All submissions are subject to underwriting review prior to formal quotations.
Shepherd is a tech-enabled managing general underwriter providing casualty insurance for middle market commercial construction. Their mission is to make construction safe and sustainable through innovative insurance products. To learn more about Shepherd, visit their website at www.withshepherd.com
Procore is a leading global provider of construction management software. Over one 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 in the United States, Canada and around the globe.
Saulsbury | January 18, 2022
Saulsbury was recently awarded the EPC contract for the design and installation of two cryogenic processing facilities in the Midland Basin. The facilities, designed with a base-rated capacity of 200 MMSCFD each, mark Saulsbury's 61st and 62nd cryogenic processing facility projects since 2006, representing nearly 11 BCFD of processing capacity, and its 23rd and 24th cryogenic processing facility in the West Texas region.
Saulsbury will be responsible for the engineering, procurement, and construction of the processing facilities that will include amine treating, molecular sieve dehydration, cryogenic gas processing, residue gas compression, nitrogen rejection, slug catching, condensate stabilization, and all balance of plant equipment, utilities, electrical, instrumentation, and controls infrastructure. Work on this facility started in December with a phased commissioning starting in late 2022.
"This important project will continue to showcase Saulsbury's position as a premier EPC contractor for delivering high-quality, speed-to-market solutions for the midstream gas processing space,Our continued practice of implementing project-specific design innovations and optimization will further strengthen our commitment to delivering one of the Midland Basin's premier facilities for our client."
-Sean Trotter, Saulsbury VP EPC Engineering/Major Projects.
For Saulsbury, this award further solidifies the company's reputation and longstanding history as an industry leader in the oil and gas industry for self-performing the full engineering and construction of cryogenic gas processing facilities. Saulsbury is well known in this industry for its successful project execution and world-class safety performance.
About Saulsbury Industries
Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Dallas, Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND. For more information, please visit www.saulsbury.com and follow Saulsbury on LinkedIn, Facebook or Twitter.
UL | May 13, 2022
UL, a global safety science leader, announced a new partnership with InSite, a provider of building intelligence solutions that enable organizations to optimize performance of real estate assets, achieve sustainability goals and fulfill environmental, social and governance (ESG) reporting requirements.
With this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement UL's ESG advisory, sustainability and energy advisory, indoor environmental quality and field services. UL's advisory services include services such as energy and water audits, commissioning advisory services, sustainability certifications, including Leadership in Energy and Environmental Design (LEED), Building Research Establishment's Environmental Assessment Method (BREEAM), Fitwel and the WELL Building Standard.
Per the 2020 Global Status Report for Buildings and Construction by GlobalABC, buildings generate nearly 40% of annual global CO2 emissions including 28% from building operations. As part of the UL and InSite combined offering, InSite's building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as GRESB. UL will leverage InSite's extensive data integration capabilities and operational insights to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions.
ESG reporting for a building encompasses a variety of environmental metrics. According to the 2020 United Nations Global Status Report for Buildings and Construction, the operations of buildings contribute to 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy use, water consumption, solid waste and biodiversity.
"The commercial real estate industry has prioritized formulating building performance and ESG data as well as related reporting standards as part of overall property management operations, UL's new partnership with InSite will allow us to serve customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, property management company selection and overall investment strategies."
Sean McCrady, global director of UL's Asset and Sustainability Performance group
"We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue monitoring and reporting building performance, sustainability and ESG data while enriching and elevating our clients' sustainability journeys with UL's industry-leading advisory," said Francis Gangemi, InSite's president.
InSite is a premier business intelligence solution for real estate owners and operators. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven insights enabling clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite's cloud-based platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable intelligence for optimization of real estate operations in support of strategic objectives and regulatory compliance. Visit InSiteIntelligence.com for additional information.
UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges.
H3 Dynamics | April 11, 2022
Singapore industrial AI & robotics companies, H3 Dynamics and ELID Technology, have entered a commercial and technical partnership that ties H3 Dynamics’ AI-enabled façade assessments to ELID’s robotic façade repair gondolas.
The combined technologies create the first end to end automation solution covering both inspection and remediation activities on tall buildings. This increases worker safety, while scaling up much needed maintenance in large-scale cities with aging populations and thousands of aging structures.
Launched 3 years ago, H3 Dynamics’ H3 Zoom platform applies AI and workflow automation to help digitize health assessments of various structures and sites, with a first solution aimed at modernizing dangerous façade inspection work. This year Singapore enacted the Periodic Façade Inspection regime, making it compulsory to inspect buildings over 13 meters high and over 20 years of age every 7 years. Anticipating this development, Singapore’s JTC Corporation partnered with H3 Dynamics to develop an all-digital façade inspection solution as part of a national innovation initiative, now seen as the most advanced solution of its kind. The AI-enabled solution has been applied to over 900 buildings so far in Singapore alone.
So far H3 Dynamics relied mainly on drone cameras to feed its cloud-based report generation system with HD and thermal images. But in the last 2 years its platform expanded to “non-drone" data workflows, connecting to body worn cameras, fixed cameras, and various robots – including AXIOBOTS robotic façade gondolas from ELID. “H3 Zoom is an agnostic site or asset intelligence platform - we purposely separated our software platform from our hardware developments so that we can open ourselves to new possibilities,” says Shaun Koo, CTO and co-Founder of H3 Dynamics’ H3 Zoom business. “Robotic gondolas can operate autonomously where drones cannot, especially in tight urban environments.”
Following recent developments with CapitaLand, one of South-East Asia’s leading real estate companies – H3 Dynamics’ H3 Zoom platform capabilities have expanded to automated repair cost estimates, vendor management as well as repair project tracking. The platform links seamlessly to third party enterprise software, such as SAP’s work order management systems, or BIM tools from Autodesk, and has now partnered with HP Enterprise and Oracle to reach even more clients. The company’s system is open, agnostic, and can flow easily from assets anywhere in the field to clients’ operations.
ELID’s AXIOBOTS robotic gondolas bring façade maintenance automation to the next level: they can paint, grout, clean, check for waterproofing and provide visual inspection. Combining AXIOBOTS with H3 Zoom AI-enabled platform fully automates the physical inspection and remediation process, linking precise positioning and qualification of defects with automated NDT physical checks and repair.
“Our partnership with ELID exemplifies a powerful end to end innovation, where robots are not just capable of acquiring data, but also execute repair tasks identified by our AI analytics platform. This will make smart cities even smarter - bringing building automation to the next level,” stated Taras Wankewycz, CEO of H3 Dynamics.
“We are proud to have H3 Dynamics’ market leading 'Facade Inspector' solution tied to AXIOBOTS facade robots. This provides clients with an easy all-in-one-solution for their façade maintenance needs,”
Kenneth Wong, CEO of ELID Technology International
H3 Dynamics and ELID are expected to begin trials of the combined solution in Singapore with JTC Corporation and Frasers Property Singapore, as a springboard to other megacities and countries with dense urban city-centers.
About H3 Zoom by H3 Dynamics:
Seeing digitization as the main driver for autonomous robotics and drone operations, H3 Dynamics created the H3 Zoom platform in 2015. H3 Zoom is a cloud-based and sensor agnostic autonomous analytics services platform that aggregates and transforms raw image and video files into cloud-based analytical insights. H3 Zoom’s broad array of expert services help accelerate maintenance and compliance decision-making for site or structure owners, facilities managers, and construction companies. The platform was launched commercially in 2019 and has since become a market leader for remote analytics as a service in Southeast Asia, with expansion now taking place globally through several partnerships including SAP, Oracle, and HP Enterprise.
About ELID Technology:
ELID Technology has been a renowned manufacturer of Access Control solutions since 1993 and started the development of AXIOBOTS in 2015. AXIOBOTS ’ autonomous painting system was completed in 2017 while its cleaning, visual inspection, and water-tightness testing capability was launched in 2019—making AXIOBOTS the world’s 1st automated 4-in-1 robotic façade solution, and a market leader in its field. AXIOBOTS has patents granted in 7 countries including Singapore and United States while 6 other countries pending grant. Deployable in any mode of access such as suspended platform, boom lifts and BMUs, and with a growing number of projects in Singapore, ELID is setting its sight on global expansion.