Indian Prairie District 204 Approves High School Renovations
News Summary The Indian Prairie District 204 School Board has approved major renovation contracts for Waubonsie Valley High School and Neuqua Valley High School. Awarded to Pepper Construction Co. and Bulley and Andrews, these projects aim to enhance educational facilities and accommodate increasing student enrollment. Funded by a $420 million bond sale, renovations include auditorium […]
Construction and Design Software Market Growth Insights
News Summary The global construction and design software market is set to grow from approximately USD 12.21 billion to nearly USD 30 billion by 2034, driven by AI adoption, regulatory changes, and urbanization. Key markets include North America, Asia Pacific, and Europe, with significant technological advancements in Building Information Modeling (BIM) and cloud-based solutions. Challenges […]
Parsespic Secures $20 Million in Series A Funding to Innovate Construction Supply Chain
News Summary Parspec, an AI-native software platform based in San Mateo, has raised $20 million in a Series A funding round, bringing its total funding to $31 million. Led by Threshold Ventures, the investment will help expand Parspec’s platform to streamline construction procurement processes, enhancing collaboration within the industry. Founded in 2021, Parspec has achieved […]
Insider Sales at Procore Technologies Raise Questions
News Summary Procore Technologies faces scrutiny due to insider sales by executives amidst positive market developments. Key transactions have raised investor concerns about the company’s future and stock performance. Despite these worries, strong institutional support and recent positive earnings reports offer a complex outlook for investors. As Procore continues to navigate its market position, patience […]
Major Advancements in Construction Technology Changing the Industry Landscape
News Summary The construction industry is witnessing a transformative shift with innovative technologies enhancing operations, safety, and project management. Notable advancements include the DJI Matrice 400 drone for aerial surveying, Egnyte’s Project Hub for improved collaboration, Bluebeam’s updates for document management, OpenSpace Air for data integration, and Brickeye’s BuildersRiskIQ for risk management. These technologies collectively […]
BuilderComs Transforms Construction Communication with New Software
News Summary BuilderComs has launched an innovative project management software designed to enhance communication and organization on construction sites. Founded by Ron Nussbaum, the software centralizes communication to address the common challenges of fragmented communication that plague the industry. It features a per-project pricing model to ensure accessibility for all team members, and an upcoming […]
ServiceTitan Partners with Pine Services Group for ERP Enhancement
News Summary ServiceTitan has announced a strategic partnership with Pine Services Group to enhance enterprise-level solutions for the construction industry. This collaboration aims to integrate field service management, accounting, and ERP solutions to improve operational efficiency and profitability for businesses in the sector. By working with leading ERP providers like Microsoft and NetSuite, this partnership […]
AVCOR Construction Partners with Kahua for Project Management
News Summary AVCOR Construction, LLC has announced its partnership with Kahua to implement a project management information system that ensures compliance with the Cyber Maturity Model Certification (CMMC). This strategic move aims to enhance AVCOR’s project management capabilities while reinforcing its competitive edge in federal contracting. Kahua’s software offers robust cybersecurity controls essential for safeguarding […]
LeChase Construction Services Enhances Safety Measures
News Summary LeChase Construction Services has implemented new safety measures that resulted in a significant increase in safety observations and a 70% reduction in recordable incidents. The construction company is fostering a safety culture where employees can proactively identify and address potential hazards. With programs like the Stop Work Authority and Good Catch Program, LeChase […]
Bobcat Company Tackles Equipment Theft in Construction Industry
News Summary Bobcat Company highlights the critical issue of equipment theft during National Vehicle Theft Prevention Month, revealing that the construction industry faces losses between $300 million and $1 billion annually. With job sites often vulnerable, Bobcat offers advanced security features in its telematics software to help safeguard machinery. The company also showcased innovative technologies […]