Fast + Epp Appoints Tina Webb as Director of BIM
News Summary Fast + Epp has promoted Tina Webb to director of building information modelling (BIM), reflecting the increasing importance of advanced technologies in the construction sector. With over 25 years of experience in structural technology, Webb’s leadership is expected to enhance design efficiency and precision. She brings a wealth of knowledge from her previous […]
OpenAI and Oracle Collaborate on Texas Data Center Expansion
News Summary OpenAI has teamed up with Oracle to expand their data center capacity in Abilene, Texas, by 4.5 gigawatts as part of a $30 billion investment. The initiative aims to enhance OpenAI’s Stargate AI infrastructure, generating job opportunities and bolstering the local economy. The project, described as a ‘gigantic infrastructure project’ by OpenAI’s CEO, […]
Procore Technologies Reports Strong Q2 Earnings Amid SaaS Challenges
News Summary Procore Technologies has reported a significant revenue increase in its Q2 earnings, achieving $324 million with a 14% growth compared to the previous year. The company saw its customer base grow by 15%, resulting in strong retention rates and strategic investments to enhance its market position. Despite ongoing challenges in the SaaS sector, […]
Cloud Technology Revolutionizes Construction Management
News Summary The construction industry is undergoing a transformative shift as cloud technology plays an integral role in enhancing management processes. With annual growth rates of 20-21% in cloud services, construction firms see this technology as essential for future success. Key benefits include real-time access for improved collaboration, a switch from paper workflows to cloud […]
Barren County Justice Center Construction Bid Opening Delayed
News Summary The opening of bids for the new justice center in Barren County has been postponed by one week to ensure clarity and thoroughness in the bidding process. The local project development board decided to delay the bid opening to address inquiries from potential bidders through a final addendum to the construction documents. This […]
Procore Technologies Reports Strong Q2 Earnings Exceeding Expectations
News Summary Procore Technologies has reported a significant 13.9% year-on-year revenue increase for its second quarter earnings, reaching $323.9 million. This performance surpasses Wall Street expectations and showcases strong profit at $0.35 per share. Despite a net loss, the company is betting on strategic acquisitions and international expansion to drive future growth. Its solid customer […]
Choosing the Right Construction Management Software
News Summary Selection of construction management software is crucial for businesses to enhance efficiency and prevent costly delays. The article reviews three leading options—Premier, Sage 100 Contractor, and CoConstruct—highlighting their unique features suitable for different business needs. Premier offers a comprehensive all-in-one platform, Sage 100 is tailored for smaller operations, and CoConstruct focuses on custom […]
Pivott Platform Transforms Cost Control in Construction Industry
News Summary The Pivott platform by Aivot Sdn Bhd is revolutionizing cost control and resource management in the construction industry. By addressing challenges like cost overruns and project delays, it offers significant financial savings and efficiency improvements. Stakeholders benefit from real-time visibility and data-driven decision-making, leading to more streamlined operations and enhanced collaboration. Pivott is […]
Procore Technologies Reports Strong Q2 Earnings, Signaling Profitability
News Summary Procore Technologies has posted impressive financial results for Q2, showcasing a revenue increase of 14% year-over-year, indicating a significant step towards profitability. With an EPS of $0.35, the company exceeded market expectations and demonstrated robust financial metrics. Notable organic customer growth and a high gross revenue retention rate reinforce Procore’s strong position in […]
Covington City Council Advances Downtown Utility Project
News Summary The Covington City Council has moved forward with the Downtown Utility Relocation project, appointing Strack Inc. as the Construction Manager at Risk. This initiative aims to improve the city’s infrastructure by relocating utilities underground, enhancing safety and accessibility. The council is committed to keeping residents updated on project developments through regular communications and […]