Mindtree | September 22, 2022
Mindtree, a global technology services and digital transformation company, today announced the launch of Construction 360, a comprehensive, integrated cloud-based Salesforce solution designed to enable construction companies to streamline processes and increase productivity.
Launched at Dreamforce 2022, Construction 360 combines Mindtree's extensive domain expertise, cloud capabilities, and NxT product suite with Salesforce's advanced Sales Cloud, Service Cloud, and other technologies. It provides the needed digital infrastructure for construction companies to gain real-time end-to-end visibility across the construction value chain and adopt next-generation technologies, boosting efficiencies, streamlining costs, and accelerating time-to-market.
The solution enables construction companies to maximize performance and predictability across project lifecycle through superior management of bids, clients, suppliers, and projects, enhanced resource mobilization, and improved asset operations, thus making their operations and projects more sustainable. By using sophisticated Internet of Things, building information modeling, augmented reality/virtual reality, artificial intelligence and machine learning technologies, the solution aids data-driven decision-making, automation of key tasks, and better forecasting.
With Construction 360, construction companies can improve bid cycle time from tender to execution, win ratio through past tender analytics and efficient quoting, and workforce and inventory utilization through better planning. They can also reduce supplier risks and onboarding time with greater milestone visibility, while better anticipating service needs for safety and inspection tracking.
"It is imperative for the construction industry to catch up on digital transformation and make a concerted effort to grow in value by augmenting production rates, Construction 360 is designed to help construction firms rise above disparate, obsolete, and siloed assets and practices by availing of a single system of record, engagement, and action to address the cost and time repercussions of inefficient project management and governance."
-Antonio Sciuto, SVP Global Business Development Officer of Salesforce.
We are excited to leverage Mindtree industry expertise and Salesforce technology to help construction companies worldwide increase their productivity and address the labor skill shortage, said Tyler Prince, EVP and Worldwide Alliances Leader at Salesforce.
"Construction is one of the industry sectors where digital technologies have the most potential to drive innovation and productivity, Construction 360 fulfils the need for a unified and comprehensive digital platform that can enable construction companies to make a material difference to their competitiveness by first identifying operational changes that have the potential to improve their engineering and field productivity, and then defining and executing on the most effective digital roadmaps to realize those changes across the value chain."
-Venu Lambu, Executive Director and President, Global Markets, Mindtree.
Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables enterprises across industries to drive superior competitive advantage, customer experiences and business outcomes by harnessing digital and cloud technologies. A digital transformation partner to approximately 275 of the world's most pioneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible business, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 37,400 talented and entrepreneurial professionals across 24 countries, Mindtree — a Larsen & Toubro Group company — is consistently recognized among the best places to work.
Autodesk | September 28, 2022
Autodesk University – Autodesk, Inc. (NASDAQ: ADSK) today announced a suite of new capabilities across Autodesk Construction Cloud, making it easier for construction project teams to use and maximize the value of BIM from the office to the field. The enhancements provide all stakeholders with immediate access to model data and information that's relevant, empowering team members to simplify workflows and make critical decisions faster. Also announced today are significant advancements to Schedule and Cost Management capabilities within Autodesk Build, the comprehensive construction management and field collaboration solution of Autodesk Construction Cloud, aimed at helping customers deliver construction projects on time and on budget.
"To stay in command of increasingly complex and demanding construction projects, we need to ensure teams can work from the latest information and quickly make informed decisions, The model is a great source of truth during design and planning, but data isn't easily transferred to construction teams during the build phase of a project. With the new model-based capabilities added to Autodesk Construction Cloud, we can use live Revit data to create assets, tie model properties directly to the assets, and view all the information we need in either 2D or 3D. We're now able to take full advantage of model data to save time across all projects, minimize miscommunication and make smarter business decisions."
-James Mize, VDC and digital delivery specialist at CRB Group.
Model data made easier for every stakeholder with new Autodesk Construction Cloud releases
With the new advancements launched across Autodesk Construction Cloud today, construction teams can get immediate access to and work more easily with BIM data, empowering stakeholders to use model data to identify potential project impacts, operate more efficiently and make better decisions.
Model-Based Workflows in Assets – Assets in Autodesk Build are now mapped and visualized in 3D using the latest design model, providing field teams with up-to-date asset tracking and equipment details. This simple automation helps to prevent errors associated with outdated model data and makes it easier to connect assets to RFIs, Submittals, Issues, Schedule, and other workflows.
Model Property Breakdown – Massive design files can now be parsed out into more digestible portions by creating custom views of model properties that are relevant to that day's work. Now, customers can simply select or deselect elements including levels, property categories, rooms, disciplines, objects, or a custom property, to create a more readily and easily shareable view of the model. Model Property Breakdown will be available in Autodesk Build, Autodesk BIM Collaborate and Autodesk Docs. Read more and watch a video about this new feature on our blog.
Publish to the Field – VDC teams in Autodesk BIM Collaborate can create and share ad hoc views and sign-off models with field stakeholders using a mobile device, all without leaving Autodesk BIM Collaborate. Paired with Model Property Breakdown, these tools remove manual steps, simplify model data for the field, and save time for the entire project. Publish to the Field is currently in open beta.
Extended File Support for Mobile – Now customers can use their mobile app at the jobsite to navigate and interact with an expanded list of supported 2D and 3D design file types, including DWGs and 2D RVTs.
Reality Capture in Autodesk Construction Cloud – Files from reality capture such as laser scans or photogrammetry can now be brought directly into Autodesk Construction Cloud, enabling VDC teams to record precise measurements, aggregate with other models, identify and resolve issues, take progress snapshots, and provide comprehensive closeout documentation. For example, using reality capture methods like laser scanning or photogrammetry, project teams can create and work with 3D models of existing structures, such as for new builds with existing facades or capturing existing conditions for infrastructure projects, all within Autodesk Construction Cloud.
"Design files are packed to the brim with essential data, but each project stakeholder needs something different from the model, The advancements we're announcing make it easier to access model data, removing unnecessary steps and ensuring the latest information is directly in the hands of those who need it, whether they're in the office, the trailer or out in the field. Autodesk is empowering our customers to truly connect design to construction and drive tight collaboration across the entire project lifecycle."
-Ilai Rotbaein, senior director, research and development, Autodesk Construction Solutions.
Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all.
Procore | September 21, 2022
In partnership with Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, FMI Corp. released the results of The State of Global Preconstruction Report. This report discusses the current environment for preconstruction and the characteristics of organizations that do it well, including what constitutes above-average preconstruction processes and the effects of efficient and digitized preconstruction.
This report, sponsored by Procore Technologies, is authored, researched and published by FMI, a leading consulting and investment banking firm dedicated to serving companies working within the built environment.
This year, Procore partnered with FMI to survey 979 construction industry stakeholders worldwide. Participants were asked to describe the preconstruction practices in their organizations, tools and technologies, project experiences and outcomes.
“The results from the State of Preconstruction survey are clear: investing in preconstruction can provide tangible returns on profit, schedule and client satisfaction, Many of the most successful contractors around the world focus their efforts on preconstruction because ultimately, better planned projects drive better outcomes. Data shows that organizations are willing to invest in preconstruction, and construction is not slow to adopt technology but waiting for the right tech for their businesses. We’re proud to invest in Procore's Preconstruction solution, which can help users manage designs, estimates, bids, and budgets across projects on one, integrated platform.”
-Tooey Courtemanche, founder, president and CEO of 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.
FMI is a leading provider of consulting and investment banking services to the built environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory and private equity financing.
Capital Construction | August 30, 2022
O2 Investment Partners is pleased to announce that its portfolio company Capital Construction Holdings, a premier provider of roof replacement and repair and other exterior restoration services to residential customers across the U.S., has partnered with Options Exteriors.
Founded by Aaron and Christina Bible, Options Exteriors is a leading provider of residential roof replacement and repair services across the Midwest. The business is headquartered in Eden Prairie, MN, with three additional locations serving customers across Minnesota, Iowa, and surrounding states.
“We are extremely excited about the tremendous growth that our company has seen over the past several years, and we believe that partnering with Capital Construction Holdings and O2 Investment Partners is the right move to take the business to the next level.”
-Aaron Bible, CEO of Options Exteriors.
Andy Oakes, CEO of Capital Construction Holdings, commented Aaron and the team at Options have quickly established themselves as one of the top roofing companies in the Midwest. We couldn’t be more thrilled to link arms with them as partners moving forward. They bring a strong sales engine that will be a tremendous help as we continue to add scale and build out a national footprint.
“Options Exteriors has established itself as a premier roofing contractor in the Midwest and we couldn’t be more excited for them to partner with us at Capital Construction Holdings. Options is a crucial addition to the platform as we endeavor to expand our footprint and build a best-in-class residential roofing company.”
-Mike Cotant of O2 Investment Partners.
About Capital Construction Holdings:
Capital Construction Holdings is a provider of roof replacement and repair and other exterior restoration services to residential customers across the United States. Capital is headquartered in Burnsville, MN.
About Options Exteriors:
Options Exteriors is a leading provider of residential replacement and repair services across the Midwest. Options is headquartered in Eden Prairie, MN, with additional locations in St. Cloud, MN, Des Moines, IA, and Cedar Rapids, IA.
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.