Constrafor | April 23, 2022
Constrafor, a leading construction procurement and financing platform, is pleased to announce a partnership with Bespoke Metrics, an innovative prequalification and risk analytics company.
Constrafor and Bespoke Metrics both serve the construction industry with a strong focus on building innovative technology solutions that help subcontractors grow their business. Constrafor's Early Pay Program allows subcontractors to accelerate their payments, so they can take on more projects. Compass by Bespoke Metrics empowers subcontractors to manage all prequalification and data requests in one platform, while providing feedback on ways to increase your contract size, and likelihood to win.
Constrafor's cutting-edge procurement platform is a natural extension to the COMPASS prequalification tool, as it allows subcontractors to seamlessly interact with their existing and new General Contractors. Constrafor and Bespoke Metrics are uniquely placed to provide an integrated solution to help subcontractors streamline their pre-construction and take on more projects.
"We are thrilled to partner with Bespoke Metrics, a like-minded, innovative company focused on making contractors' lives easier. The construction tech space has few options for integrated Prequal, Procurement and Financing, and we are excited to be at the forefront with Bespoke Metrics" says Anwar Ghauche, Founder and CEO of Constrafor.
"Prequalification and procurement go hand in hand, and we couldn't think of a better company to work with than Constrafor" said Michael Ho, CEO at Bespoke Metrics. "We share the same beliefs around using data analytics and technology to mitigate risk and ensure the success of our subcontractor partners."
As a SaaS and fintech innovator purpose-built for construction, Constrafor is setting new standards of productivity and cost-efficiency for the way GCs and subcontractors manage essential back-office tasks and financial transactions.
For General Contractors, Constrafor's robust cloud platform streamlines and standardizes subcontractor procurement & administration, including contracts, COIs, invoices & payments and diversity procurement – all in one place.
For Subcontractors, the platform offers fast and cost-effective receivables financing, including an Early Pay Program (EPP) that shortens invoice payment time, frees up cash and allows them to take on more projects.
About Bespoke Metrics
COMPASS by Bespoke Metrics is a leading prequalification platform that supports data collection, verification and analytics across the entire construction supply chain. Unique to COMPASS, Subcontractor data is collected through the standard universal 1Form. General Contractors receive data-driven analytics to support decision making to mitigate project and default risk. Subcontractors have full control over who can see their data, utilize 1Form for all their prequalifications and data requests, and deliver powerful analytics to gain new business opportunities.
Mighty Buildings | April 18, 2022
Mighty Buildings, a technology company that is revolutionizing the construction industry through 3D printing, using advanced materials and robotic automation to create beautiful, sustainable, and high-quality homes, today announces three senior leadership appointments, as the company builds the foundation for its next phase of growth.
Russ Atassi joins Mighty Buildings as Chief Operating Officer (COO), bringing more than 20 years of experience in supply chain, R&D and manufacturing operations through his previous roles at Airbnb, Facebook Oculus, Apple, Google, General Motors, and Ford. Throughout his professional career, Russ has developed and scaled global supply chain and hardware manufacturing operations for some of the leading tech companies in Silicon Valley. He holds a BSE (Industrial and Systems Engineering) from the University of Michigan Dearborn, a MSE (Industrial & Operations Engineering) from University of Michigan Ann Arbor, and a MS (System Design & Management) from Massachusetts Institute Of Technology (MIT).
Rene Griemens has been appointed as Chief Financial Officer (CFO), and joins the company from Volocopter, the world’s first sustainable air mobility business where, as CFO, he led fundraising efforts totalling more than $340 million in equity and $1 billion in debt. His 30 years of global experience in high-growth technology, investment banking, and strategy consulting include his CFO role at German fintech Kreditech Group, as well as other executive roles at IEG, dooyoo.com, and McKinsey. Rene holds an MA in Economics from the University of Cologne and an MBA from INSEAD.
Mark Aldrich has been appointed as General Counsel, bringing decades of legal expertise in regulatory compliance, product development, and go-to-market strategies. Prior to joining Mighty Buildings, Mark led the legal team supporting new product research and development at Airbnb. Before that, he served in long-term secondment roles as Senior Product and Privacy Counsel for Google, VMWare, Autodesk, NVIDIA, and Intel. Prior to moving in-house, Mark was in private practice, working as outside General Counsel to start up and emerging growth technology companies around the world. Mark earned a JD from the University of San Diego School of Law and a BS in Finance, Real Estate, and Law from California State Polytechnic University-Pomona.
“I’m thrilled to have Russ, Rene and Mark join Mighty Buildings at this inflection point in our development as we expand our strategy to support our next stage of growth. The enormous experience and expertise that they bring will accelerate the roll-out of our platform to enable developers to rapidly scale housing deployments and make sustainable living a reality for more customers. The opportunity and demand are massive, and today we have the team in place to not only tap into that demand, but to do so with minimal carbon footprint and enviable speed of execution.”
Mighty Buildings CEO Slava Solonytsin
The company now employs more than 170 team members across the globe in its mission to pioneer new sustainable methods to build better quality and more resilient homes.
About Mighty Buildings
Mighty Buildings is a construction technology company that is dedicated to reimagining the building industry. By applying automation, 3D printing, advanced material science, and other innovative technologies to offsite prefabrication, Mighty Buildings can build houses with fewer labor hours, less residual waste, and reduced environmental impact than conventional construction. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested to the most rigorous standards with nearly zero-waste production methods. Having initially proven its business model with ADUs, Mighty Buildings has now shifted to a partnership approach, collaborating with developers to build large quantities of single-family homes, in various configurations, based on its unique panelized Mighty Kit System. Mighty Buildings is committed to making beautiful, sustainable, and high-quality homes a reality for more people.
Psomas | January 19, 2022
Engineering consulting firm Psomas announced today it has expanded its service capabilities and geographic footprint to serve the Pacific Northwest through the acquisition of Seattle-based KPG. KPG, known for its focus on interdisciplinary design, planning and surveying, is now KPG-Psomas."We've become deeply familiar with KPG's caliber of projects, vision and broad range of planning, design and construction services, said Psomas CEO Steve Margaroni. "Plus, over the last several years, we've developed a trusting relationship with KPG, based on mentorship and our similar cultures. It's the ideal time to move forward together.
KPG's 100+ employees will join forces with Psomas' employee base of 600+ in 13 offices throughout Arizona, California and Utah. KPG's talented staff adds new strengths that will complement the Psomas brand, including landscape architecture and urban design presence.
"KPG is eager to join Psomas because it will allow us to grow and identify new opportunities in surveying, construction management, environmental and engineering, KPG will continue to deliver a high level of services with additional technologies and support."
-KPG CEO Sessyle Asato, PE.
With a strong project pipeline and a bright outlook for 2022 and beyond, this acquisition signals the strength, resilience and growth in the architecture, engineering and construction (AEC) industry. With the expanded team Psomas seeks to foster environments where team members can thrive while making a lasting impact in the communities collectively served.
Psomas is an employee-owned engineering consulting firm that serves the Western U.S. with unmatched professionalism, a broad offering of services and a first-class team of professionals. With a rich 75-year history and an eye on the future, you'll find the team mastering sustainable solutions for growing communities with projects in construction management, engineering, environmental and surveying and geospatial services. Psomas embraces a people-first culture that prioritizes work-life balance, social responsibility and a focus on growth and development. Psomas.com
KPG-Psomas is an interdisciplinary design firm with offices in Seattle, Tacoma and Wenatchee. In 32 years, KPG grew from an eight person firm to more than 100 professional design staff and became known throughout Washington as a firm that creates innovative public spaces that benefit the social fabric of the surrounding communities. Representative work includes multiple award-winning, transformative projects for the City of Redmond, design of a 20-acre park in the City of Sammamish featuring ADA-accessible pathways, and re-imagining the downtown street systems in the City of Renton.Our work places an emphasis on technically advanced projects that integrate engineering, landscape and performance building design, often with an emphasis on LEED and sustainable principles. Kpg.com
Tianyuan Construction Group | March 26, 2022
Tianyuan Construction Group, one of China's top 500 construction companies, will complete the renovation of Yihe Bridge, located on Beijing Road in Linyi city, Shandong province, in early April, concluding China's largest and longest bridge jacking reconstruction project by area and length respectively.
Located on Beijing Road in the south of the city, Yihe Bridge was 1,210.72m-by-23m with a jacking height of 1,050m. After renovation, it will be 1,792m-by-52m.
"The successful completion of the Beijing Road Yihe Bridge jacking project will greatly ease the traffic situation between Beicheng New District and Hedong District"
Li Baoqiang, charge of the reconstruction project from Tianyuan Construction Group
Reconstruction involves the simultaneous lifting of two new 15m-wide bridges on the north and south sides of Yihe Bridge. The entire upper structure of the old bridge will be lifted by 2.57m. The lifting of the northern and southern sections was completed in November 2021 and February 2022 respectively.
Currently, the cover beam of the southern section is being heightened and is on track for completion in early April. The entire project is planned to complete before October 1, 2022, which will ensure that traffic on both sides of the Yi River is smooth, spurring the regional economy.
Main challenges faced
In order to ensure safety during the bridge jacking process and ensure that equipment is stable, 19 sets of limiters were installed on the bridge deck, preventing vertical and horizontal displacement of the beam body during the jacking process.
Beijing Road Yihe Bridge was lifted via an alternate lifting process. This process involves two sets of jacks being lifted synchronously underpinned by support. This method allows for continuous lifting of the entire jacking process, ensuring efficiency and control. Furthermore, a PLC hydraulic synchronous control system was incorporated to ensure synchronization and structural safety.
Reasons for bridge jacking
As Beijing Road Yihe Bridge is a transportation hub connecting New Beicheng and Hedong districts, it is important that it functions well and safely. Bridge jacking is essential for the repair and maintenance of bridges.
In November 2019, dynamic and static load tests were carried out on Beijing Road Yihe Bridge. The tests showed that the bridge met bearing capacity requirements and had sufficient safety reserves. Therefore, there was no need to demolish the old bridge.
To meet flood control requirements, in which the minimum elevation of the bottom beam has to be 0.8m higher than the 100-year flood level of 72.36m, the superstructure of the old bridge also had to be raised by 2.57m.
Furthermore, the current bridge is supported by a 30m-wide simple support box girder. However, as there are many piers and columns under the bridge, a 60m-wide girder was recommended instead for a better bridge view.