CONSTRUCTION

Electrical Contractor Houle to Manage Hybrid Workplaces and Distributed Teams with Procore

Procore | November 16, 2022 | Read time : 03:00 min

Electrical Contractor News
Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Technologies as its construction management platform.

Based in Burnaby, B.C., Houle delivers diverse construction services to industrial, commercial, institutional and residential customers, including construction management, design-build/design-assist and installation and retrofitting services. Its services include electrical construction, security and network systems, building automation, healthcare technology and integration. The company’s project portfolio includes hospitals, universities, shopping malls and industrial facilities.

The Procore construction management platform will empower Houle to provide a centralized source of information for its project and administration teams, which enjoys a hybrid work environment at its offices in British Columbia with staff distributed across BC, Alberta and internationally.

As construction becomes more complex, multi-trade collaboration has become more important. The platform will enhance Houle’s ability to communicate and collaborate with external partners, ensuring all project stakeholders have the most current information. With Procore it will be possible to assign tasks and track the contributions of staff and consultants, all in one place.

“There’s a lot of complexity in managing distributed and hybrid teams, The volume of projects and information we’re working with has grown beyond the capabilities of manual tools. The Procore platform will enable us to keep everyone on the same page, wherever they are and whether they’re on our team or a partner. Our team appreciates the hybrid workplace we offer and this will make the experience even better.”

-Keith Parsonage, President and CEO, Houle.

Houle is committed to attracting the best talent in western Canada, and digitizing processes with Procore will also help Houle attract talent during the construction industry’s ongoing labour shortage. They can now double down on the quality of work they deliver to clients through a more standardized operation using Procore, said Jas Saraw, Vice President, Canada at Procore. This is exactly the kind of forward thinking we want to enable and enhance with our platform. Houle will enjoy rich information upon which to base its decision making, which will pay dividends for years to come.

About Houle Electric:
Since 1944, Houle’s been bringing communities to life. From airports, shipping terminals, and water treatment facilities, to hospitals, universities, and shopping centres, they deliver integrated electrical solutions for our industrial, commercial, institutional, and residential customers. While they are leaders in electrical construction, they also specialize in a wide range of in-house technology solutions, including building automation, healthcare technology, structured cabling, and security. As a certified Great Place to Work, and one of Canada's Best Managed Companies, they take pride in their talented people and collaborative culture that bring their client's vision to life. 

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 in the United States, Canada and around the globe.

Spotlight

OneClick BIM is a well established company in India and Dubai which focuses on providing high quality BIM and CAD services to clients in the field of Architecture, Engineering, and Construction through innovative consulting and solutions.

The company provides the clients with one stop solution of Design, Engineering, and Construction. We have the capability to carry out almost all trades of Architecture, Structure, Mechanical, Electrical, Plumbing, Fire Fighting, Project Management, Fabrication and Construction under one umbrella. Thereby giving our customers edge of single point hassle free solutions and advantage over other outsourcing companies.


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CONSTRUCTION

SunRay Construction Solutions Wins Top Tech Firm Of 2022 For The Second Time In A Row

SunRay Construction Solutions | November 23, 2022

SunRay Construction Solutions is honored to have won the esteemed Top Tech Firm of 2022 award by Construction Executive Magazine for the second consecutive year. The Construction Executive Magazine’s Top Tech Firm award recognizes the largest technology firms serving the construction, architecture, and engineering industry. Having secured over $10 Billion annually for General Contractors, Subcontractors, and Suppliers, SunRay Construction Solutions leagues with top businesses that alter the facade of the construction industry through their dynamic use of technology. SunRay has been recognized for its success in implementing the exceptional application of technology with utmost dedication for its clients. In 2022, SunRay significantly upgraded its application to make a robust user interface to simplify its APIs for its clients. With the dynamic Deadlines Queue launch in 2022, clients can now meticulously track all their statutory document deadlines so none are ever missed. Further, to reduce the complexity of the processes, clients can now set up notifications based on their preferences to instantly see what deadlines are soon to be due and need attention. Likewise, with the launch of the Texas Queue in 2022, clients with construction projects in Texas can experience super intuitive filtering and gain more control over their 2nd-month notices, 3rd - month fund trapping notices, and Affidavit of Mechanic's and materialman's Lien. Enabling Construction RFI with project management, the Texas Queue eliminates all last-minute rushes, making it extremely simple for clients to track deadlines, manage documents, organize projects, and secure payment rights from a single application. About SunRay Constructions LLC: SunRay Construction Solutions continues to lead as a National Online Construction Documentation Service Provider, securing over $10 Billion yearly for its clients. SunRay’s Lien Research service and Deadline Management System are among its niche specialties, characterized by the meticulous and exhaustive research accomplished through an outstanding team and impeccable technology. SunRay has managed to set itself apart as a leader and pioneer in the construction documents services landscape, despite the highly competitive nature of the industry it operates. In just a decade, SunRay has been recognized for its contribution to the construction industry on a national scale, all while staying true to its primary goal of helping its clients get paid faster.

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CONSTRUCTION

Procore Announces Winners of 2022 Groundbreaker Awards

Procore Technologies, | November 14, 2022

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Awards at Procore’s annual industry event in New Orleans, Groundbreak. The Groundbreaker Awards celebrate the companies, projects and individuals that drive excellence across the construction industry. “Behind every great project, there are outstanding people. The Groundbreaker Awards honor our customers who are leading and positively influencing the construction industry on a daily basis, Congratulations to all of the winners of the Groundbreaker Awards.” -Tooey Courtemanche, President, Founder and CEO of Procore. Procore selected 27 companies, projects and individuals as finalists for groundbreaking achievements. Kassy Morris, Head of Procore Construction Learning, presented the nine awards to the winners of the 2022 Groundbreaker Awards: Excellence in Sustainability: Hathaway Dinwiddie Construction Company Excellence in Workforce Development: Roebbelen Contracting, Inc Excellence in Innovation: Truebeck Construction Excellence in Safety: McCarthy Building Companies, Inc Excellence in Community: Blue Door - Construct Groundbreaker of the Year: Atul Paralkar, Executive Director of Business Intelligence | Operational Excellence, Holt Construction Corp. General Contractor Project Excellence: Skanska USA Specialty Contractor Project Excellence: Willmar Electric Service Owner Project Excellence: Duke Energy in partnership with Ameresco & D3Energy. 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 in the United States, Canada, and around the globe.

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CONSTRUCTION

Jones Street Investment Partners Secures $179 Million in Construction Financing for Three Northeast Multifamily Projects

Jones Street Investment Partners | November 15, 2022

Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced that it has secured $179 million in construction financing to develop luxury multifamily communities in Kittery and Brunswick, Maine, as well as Manchester, New Hampshire. Securing these loans enables Jones Street to expand its portfolio in key secondary markets across the Northeast that are severely supply constrained and have demonstrated consistently strong rental growth. “We appreciate the support of our financing partners, Our ability to secure these loans at attractive terms is a testament to the strength of our relationships, the quality of our business plans and our established track record. Each of these projects aligns with our emphasis on long-term, cash flowing investment strategies that have the potential to deliver attractive risk-adjusted returns. We look forward to ingraining ourselves within each of these communities and delivering exceptional living experiences to our future residents.” -Matt Frazier, founder and CEO of Jones Street Investment Partners. Jones Street secured a $70 million loan from Key Bank as well as a $7.9 million preferred equity investment from a major investment manager to develop Seacoast Residences, a 282-unit multifamily community located at 76 Dennett Road in Kittery. The five-building property, which is situated along I-95 and immediately across the border from Portsmouth, New Hampshire, will feature luxury unit finishes, a resort-style swimming pool, fitness center, dog park, sun deck, and on-site nature trails. Seacoast Residences is located in an area with a limited supply of rental product and is poised to benefit from its proximity to major employment centers. A number of national and regional businesses operate in the New Hampshire and Southern Maine seacoast regions, including Andover Healthcare, Portsmouth Naval Shipyard, CSI Engineering, Northwestern Mutual, and Sun Life Financial, among others. Jones Street expects to complete construction in early 2024. Bangor Savings Bank provided Jones Street with a $36 million loan to develop an amenity-rich, 181-unit multifamily community in Brunswick. Located on Admiral Fitch Avenue in a Qualified Opportunity Zone, the property sits within the Brunswick Landing Development, a former naval base that is being revitalized and includes nearly 2 million square feet of commercial and industrial space. Ideally situated three miles from downtown Brunswick and within 30 minutes of downtown Portland, which is experiencing sustained rent growth, the property is expected to benefit from the strong employment market. A number of major regional and national employers, including L.L.Bean, VividCloud and General Dynamics Bath Iron Works, as well as top-ranked Bowdoin College, operate in the area. The property is expected to be completed by the fourth quarter of 2024. Jones Street secured a $65.1 million loan from Berkshire Bank to develop a 250-unit multifamily community in downtown Manchester. Located at 75 Canal Street within a Qualified Opportunity Zone, the property will consist of studio, one-, two- and three-bedroom apartments and approximately 2,000 square feet of ground-floor retail space. It will also feature an array of amenities including a clubhouse with a full-service kitchen and game room, fitness center, business center and two outdoor courtyards. Manchester boasts low unemployment rates, high affordability and strong economic growth. This has translated into high occupancy and consistently strong rental growth. Major employers in the area include Oracle, TD Bank, New York Life and Southern New Hampshire University. Jones Street expects construction to be completed in the summer of 2024. About Jones Street Investment Partners: Jones Street Investment Partners is a privately held real estate investment management firm focused on multifamily investments located in the Northeast and Mid-Atlantic regions of the United States. Formed in 2014, the Boston-based firm is an opportunistic and disciplined value-based investor focused primarily on the management of long-term, cash-flowing investment strategies and drawing on the capabilities of affiliate Jones Street Residential for asset and property management. Aligning an institutional-quality investment and operational approach with the economic and strategic interests of its investors, Jones Street is a trusted source of investment opportunities for its capital partners. Jones Street’s portfolio consists of 4,389 apartment units with approximately $1.3 billion of current assets under management and $360 million of equity invested.

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CONSTRUCTION

Placer Solutions Joins AXA XL Construction Ecosystem as Preferred Partner

Placer Solutions | November 22, 2022

Placer Solutions, a consulting firm focused on driving change and accelerating technology adoption in construction, today announced a new partnership with AXA XL Insurance, a leading provider of global commercial insurance. Under the terms of the agreement, Placer Solutions will join the AXA XL Construction Ecosystem as a preferred partner in a network of products and services focused on advancing technology adoption, leveraging data to solve customers’ problems, enhancing risk management and supporting business goals. The construction industry is at a crossroads when it comes to emerging technology and new ways of doing work. Historically, the industry has been slow to adopt new tools and technologies and has experienced stagnant productivity as a result. With more agile ways of addressing operational demands using emerging technologies, modern construction firms could achieve productivity gains up to 40 percent, similar to peer industries. Placer Solutions is addressing this challenge by taking a field-first approach that shines a light on field and project organizational networks in construction companies, which improves strategic planning and the tactical implementation of technology solutions. “Placer Solutions has a deep understanding of the construction ecosystem, specifically how the industry’s field-based and project-based nature can make enterprise-wide programs difficult in practice, The greatest technologies in the world are most effective if embraced by the culture of the industry they serve. By partnering with a company like Placer Solutions, we enable our customers to focus on the human element that drives technology adoption, which will result in them having a more robust technology adoption roadmap.” -Rose Hall, Senior Vice President, Head of Innovation, Americas at AXA XL. Placer Solutions has been selected to help support the Construction Ecosystem as an AXA XL-endorsed consulting firm who will work with their construction customers on technology change management. As part of the Construction Ecosystem, Placer Solutions will offer a customized Field Assessment to AXA XL customers, which leverages a proprietary network analysis approach to highlight and profile key groups of individuals in a construction firm’s operations. Previous clients of Placer Solutions have included Top Engineering News-Record (ENR) contractors who have used results from the assessment to improve strategic technology planning and inform product selection. “AXA XL’s leadership in bringing together construction’s fragmented value chain to solve big problems is exactly what the moment demands, We look forward to working with AXA XL’s customers. brokers and other business partners in our shared journey to modernize the industry and deploy new solutions that can address the needs of our industry’s workforce in meaningful ways.” -Nate Fuller, Founder of Placer Solutions. About AXA XL: AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. About Placer Solutions: Placer Solutions is a management consulting firm focused on building high performance teams and improving technology adoption across the construction industry. Experience shows that successful change initiatives require up to 10 percent of an organization’s involvement – in construction, that’s mostly field users and project stakeholders. Placer Solutions’ unique Field Assessment goes beyond usual suspects to surface the embedded leaders and networks of employees who make change initiatives successful in construction. They have one of the largest databases of construction field personas and a network of contractors, suppliers, owners, and technology start-ups to help in their client’s needs.

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Spotlight

OneClick BIM is a well established company in India and Dubai which focuses on providing high quality BIM and CAD services to clients in the field of Architecture, Engineering, and Construction through innovative consulting and solutions.

The company provides the clients with one stop solution of Design, Engineering, and Construction. We have the capability to carry out almost all trades of Architecture, Structure, Mechanical, Electrical, Plumbing, Fire Fighting, Project Management, Fabrication and Construction under one umbrella. Thereby giving our customers edge of single point hassle free solutions and advantage over other outsourcing companies.

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