PRODUCTS,CONSTRUCTION

Inpensa Announces Partnership With Procore to Deliver Its Integrated Capital Planning Solutions

Procore | November 17, 2022 | Read time : 03:00 min

Inpensa Announces News
Inpensa, a leading provider of Capital Planning solutions, today announced an integration in partnership with Procore Technologies, Inc., a leading global provider of construction management software. This integration will provide robust capital planning solutions to Procore customers. Customers can now manage their capital plans, cost estimations and track CapEx-related project performance within Inpensa and exchange data with the Procore platform. The integrated solution helps solve a key industry challenge by streamlining the connection between the capital planning process and project delivery, and enabling greater insights that improve decision making.

Inpensa solution provides the ability to create a new project idea, develop a business case & cost estimations and use a dynamic workflow to approve it. All projects can be combined to develop a comprehensive capital plan at the individual business unit level with budget guardrails, scenario modeling, and reprioritization. Data can be exchanged with the Procore tools to eliminate double entry and create continuity. The combined solutions provide data analytics to allow for analysis and reporting. Customers can benefit from a standardized, easy-to-use process and the ability to optimize their overall capital spend.

For many years, the Inpensa Capital Planning Platform has been used by some of the world’s largest organizations to manage the full life-cycle capital planning process and help companies optimize their overall capital spend, said Suraj Nekram, Inpensa co-founder and CEO. We are excited about the partnership with Procore, the industry leader in construction management software and the opportunity to offer our solution to their global customers.

"We are thrilled to have Inpensa as a new Procore partner. Their team has deep knowledge and real-life experience in the Finance and Capital Planning space, and integrating the Inpensa solution with the Procore platform provides our mutual customers with an exciting opportunity to drive meaningful improvement in business workflows that are traditionally very siloed, disconnected, and inefficient. The integrated solution connects capital planning with project delivery to give stakeholders across the business increased efficiency, visibility, governance, and control."

-Jeremy Chasen, Senior Manager, Business Development at Procore.


About Inpensa:
Inpensa is a venture backed software company that provides purpose-built solutions for capital planning, capital appropriation requests and performance management. Inpensa customers range from small to some of the largest Fortune 500 companies in the world. Inpensa offers a pro-edition for smaller businesses and Enterprise edition for larger companies that have more complex requirements. Customers small and large benefit from our years of hands-on expertise, careful attention to details and customer centric approach. Our industry leading SaaS platform is built to develop better capital plans, effectively manage capital projects and optimize overall capital spend. 

About Procore:
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. 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.

Spotlight

BIM is a process supported by various tools, technologies and contracts involving the generation and management of digital representations of physical and functional characteristics of places. Here are the latest trends for BIM for 2023.


Other News
ENGINEERING TECH

PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

PulteGroup | November 21, 2022

PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast. “Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility, This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.” -Ryan Marshall President and CEO, PulteGroup. The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process. “Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets, With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.” -Ryan Melin, Co-Founder and President of ICG. About PulteGroup: PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

Read More

ENGINEERING TECH

Rite-Solutions receives three Navy contracts worth $68 million

Rite-solutions | November 25, 2022

Rite-Solutions is pleased to announce it was recently awarded three contracts by the Naval Undersea Warfare Center Division Newport (NUWCDIVNPT), Naval Information Warfare Systems Command (NAVWAR), and Naval Surface Warfare Center Dahlgren Division (NSWCDD). Over the next three to five years, the three contracts total $68 million. Supporting NUWCDIVNPT’s Code 25 Combat Systems Department, Rite-Solutions will provide hardware and software engineering, systems engineering, system integration and testing, fleet support, and administrative services supporting the AN/BYG-1 submarine combat control system modernization. The contract is worth $25 million. “we are thrilled to continue supporting the Code 25 Combat Systems Department in what has been a long and productive partnership for more than two decades.” -Laura Deady Sr. Vice President Rite-Solutions. Separately, the Naval Information Warfare Systems Command (NAVWAR) awarded the company a $13 million follow-on contract under the Navy’s RAPDS Multi-Award ID/IQ for PEO MLB/PMW 250. Rite-Solutions will continue sustaining and maintaining the DoD IT Portfolio Repository (DITPR)-DON and DON Application and Database Management System (DADMS) IT Portfolio Management system. DITPR/DADMS is used by the DoD to maintain an inventory of all of its hardware, software, and their interfaces. The Naval Surface Warfare Center Dahlgren Division (NSWCDD) awarded the third contract to Rite-Solutions, worth $30 million. The Rite-Solutions proposal included up to 60 full-time employees, annually. The company will be hiring up to 30 people in the Virginia and DC area. “the Dahlgren center provides the world’s best surface ship command and control systems and we’re very pleased to apply our experience in undersea warfare.” -Laurie Carter, Rite-Solutions’ Senior Vice President of Business Development and Strategy. Rite-Solutions will provide engineering and combat systems integration expertise to the NSWCDD Integrated Combat Systems Department to plan and execute combat systems operations activities in support of current and future Combat System Command and Control functions. Rite-Solutions President and CEO, Dennis McLaughlin notes, these contracts, on the heels of a $77 million contract awarded by NSWCDD earlier this year, are a testament to the expertise and dedication of Rite-Solutions’ employees and the value we provide our customers. About Rite-solutions: Rite-Solutions, Inc. is an award-winning small business specializing in system engineering, software development, information technology (IT), and cyber security for government and commercial segments. Rite-Solutions has offices in Rhode Island, Connecticut, and Washington D.C.

Read More

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.

Read More

CONSTRUCTION

Blue Ridge Construction Capital Acquires Artistic Paver Manufacturing, Inc.

Blue Ridge Construction Capital | November 10, 2022

Blue Ridge Construction Capital LLC ("BRCC"), in partnership with incoming CEO Matthew Wayman and founder Dan Essig, is pleased to announce the acquisition of Artistic Paver Manufacturing, Inc. ("Artistic"). Artistic, based in N. Miami Beach, FL, is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. The Company has manufacturing facilities in Miami and Phoenix and serves the fast growing Southeastern and Southwestern geographic markets. Dan Essig, who founded Artistic in 2000 and served as President and CEO, will transition to a full-time advisor role and join the Board of Directors. Dan stated, "I am really proud of the successful 22-year history of Artistic and even more excited to work with Matt and Blue Ridge to build the Company into a category leader." As a part of the Artistic acquisition, industry veteran Matthew Wayman will join the executive team as CEO. Wayman recently acted as the Senior Vice President and General Manager over Forterra, Inc.'s East Region, responsible for full commercial and operational oversight for a 12-plant, 500-team member operation serving 5,000+ customers. "Artistic is at an important inflection point. The brand and product offering are widely respected by contractors and consumers and the recent expansion in Miami positions the Company for tremendous growth." -Matthew Wayman CEO Artistic. BRCC Managing Partner and Co-Founder, Casey Rentch, commented, Dan has built a best-in-class concrete paver company and we are thrilled to partner with him and Matt to expand on the Company's incredible momentum. "We are excited to add Artistic to the Blue Ridge portfolio. The Company's unique growth and profitability profile are consistent with our goal of partnering with founders to acquire exceptional building products companies." -Ben Hughes, Partner and Co-Founder of BRCC. About Blue Ridge Construction Capital, LLC: Blue Ridge Construction Capital is a building products focused private equity firm investing in family and founder owned businesses that are seeking a collaborative, experienced partner to empower growth. About Artistic Pavers Manufacturing, Inc: Artistic Pavers Manufacturing, Inc. is a premium paver manufacturer serving residential and commercial markets across Southeastern and Southwestern U.S. markets.

Read More

Spotlight

BIM is a process supported by various tools, technologies and contracts involving the generation and management of digital representations of physical and functional characteristics of places. Here are the latest trends for BIM for 2023.

Resources