It’s a new day in the construction industry. One big change is a renewed focus on collaborative relationships between clients, the contractor or builder, and to those operating in the supply chain. With the cloud, collaboration solutions, and apps, there is a greater opportunity for innovation—and contractors and builders can take full advantage.
Cloud computing offers the construction industry a number of benefits including immediate cost saving internally—as well as within the supply chain. This type of technology can have a big impact on working practices and relationships in the supply chain.
In order to help improve collaboration, technology providers continue to announce new products, partnerships, and investment partners in order to move the industry forward.
As on example, Procore, www.procore.com, Carpinteria, Calif., recently showed two key initiatives in support of forward-thinking innovation: release of an app and securing of funding.
The company released CurrentSet by Procore, a free drawing management app available for both iOS and Android devices, which provides a key advantage for project teams: They no longer run the risk of building off of outdated drawings.
CurrentSet also supports construction team collaboration on project drawings, giving them the power to view, mark up, and share plans. The CurrentSet apps and the companion cloud-based application operate on iPads, iPhones, Android devices, and laptop or desktop computers. Another feature is that offline work is automatically synced and updated when a user is back online, making CurrentSet by Procore a solution to manage drawings from the jobsite.
In addition to the release of the app, Procore Technologies also closed $15 million in a series D funding from BVP (Bessemer Venture Partners), www.bvp.com, Larchmont, N.Y. The capital infusion will be used to accelerate Procore’s growth and expand its suite of mobile and Web-based tools for managing construction projects. As part of the investment, BVP partner, Brian Feinstein, will join Procore’s Board of Directors.
While this is just one example, there are a number of construction-technology providers that are coming to market with new cloud-based solutions to enable builders and contractors to improve collaboration on a project. How will your company respond?