Our mission has always been to connect everyone in construction on a global platform. And that includes the folks who work on projects before they break ground.
According to FMI, the industry spends more than $500 billion a year on rework driven in part by poor communication. We also know from speaking with customers that bad estimating is a key driver in cost overruns. Essentially there are two levers for preventing widespread cost overruns: Earlier engagement with more accurate estimating, and managing design more effectively. Both begin in preconstruction when teams are laying the proverbial foundations for every new project.
And today, we’re excited to announce Procore Preconstruction— we’ve improved the Procore platform by providing enhanced preconstruction solutions to better connect preconstruction and course of construction workflows. Procore Preconstruction pulls together our Document Management, Drawings, Models, Design Coordination, Takeoff, Estimating, Prequalification, Bid Management, Project Costing and Analytics tools. This is the only solution in the industry that connects people, designs, and data across preconstruction and course of construction on a single platform with analytics tools to support the entire process.
Owners and contractors who want to build and win more profitable projects, now have a platform that connects every stakeholder to the design, estimate, bidding and budgets all in one integrated platform. We know that while the project timeline moves linearly, the process is complex and dynamic. The more connected all the stakeholders are and the more connected the phases of construction are, the better the chance everyone can control the project outcome.