Disruption in the construction industry: YTWO Ltd., a 50% subsidiary of RIB Software, and CG Gruppe AG agree on a strategic partnership for the usage of the YTWO platform

Disruption in the construction industry: YTWO Ltd., a 50% subsidiary of RIB Software, and CG Gruppe AG agree on a strategic partnership for the usage of the YTWO platform

YTWO Formative, the world’s first fully integrated supply chain management (SCM) enterprise solution for real estate developers and housing companies, announces its first strategic partnership with Berlin based CG Gruppe AG, a leading German real estate developer in residential construction. The company’s performance horizon invested within the next five years totals approximately EUR 4.7 billion.

Silicon Valley based start-up YTWO Formative has developed an integrated IT platform that can virtually simulate the construction and renovation processes from design to project completion, and that allows the integration with company enterprise-wide planning and controlling (ERP). The cloud-based YTWO Platform includes a catalogue of products and prefabricated construction parts, as well as all project management software modules required for physical construction. YTWO Formative is the first technology in the world to offer a fully digitalized and formative construction process that already integrates the supply chain at the virtual planning stage. Such a solution can generate up to 30% savings and value increases.

YTWO Formative is currently offering strategic partnerships to selected pilot clients in the German, American and Chinese market and is planning a global roll-out.

Thomas Wolf, CEO if RIB Software AG and co-founder of YTWO Formative, comments: “We invested more than 1,000 man-years of development work into the YTWO Formative framework technology. In February 2017, our international team of software developers reached a breakthrough by releasing YTWO 1.0. This achievement represents the first full integration of the design, production and supply chain processes in one cloud-based enterprise platform for the construction industry. With Christoph Groener, we have now succeeded in getting a German visionary for residential construction on board for the application of our technology”.

Mike McNamara, CEO of Flex and co-founder of YTWO Formative, comments on the agreement as follows: “Transferring innovative SCM solutions to the construction industry requires full integration of all steps in the construction process at enterprise level. From design to completion, end-to-end processes need to be simulated and implemented with a target deviation of <1% in physical construction. YTWO Formative has access to worldwide transformation know-how from 12 industries where Flex operates at scale. With Christoph Groener and the CG Gruppe, we have successfully partnered up with a very successful, innovative and dynamic German entrepreneur, who invests in excess of one billion Euro”.

Christoph Groener, CEO of CG Gruppe AG, explains: “The quick completion of affordable and energy-efficient residential property in high quality is one of Germany’s biggest political challenges, as well as the vision of the CG Gruppe. With YTWO Formative, we can digitalize our processes in such a way that the logistic and production processes are integrated with suppliers already in the planning stage. In short: YTWO Formative helps us turn our ambition into reality”.

 

About YTWO Formative

YTWO Formative is a Silicon Valley start-up technology company. Founded in 2016 equally by the technology companies Flex in San Jose, global No.1 in SCM and RIB AG in Stuttgart, global No. 1 in 5D BIM enterprise software, USD 120 million first round starting capital, and with target markets USA, Germany and China, YTWO Formative provides a cloud-based, integrated IT enterprise platform for the planning, controlling and processing of all business processes in real estate construction, renovation and maintenance.

The first step is to simulate all processes in BIM using the YTWO 5D BIM technology and make them visible to the suppliers via the YTWO Data Visibility App in the planning phase in 5D (3D plus costs and times). The second step involves the integrated execution of physical processes with real-time monitoring and the integration of all data into project management and company controlling.

YTWO Formative’s business model is transaction based, and success is tied to the order volume of products and components from YTWO Formative’s product catalog.

According to a Feb 2017 study by McKinsey Global Institute, new thinking, new processes and new technologies have the potential to save EUR 1.5 trillion in construction worldwide. Here, YTWO Formative plans to make a significant contribution.

Learn more about YTWO Formative here

About CG Gruppe AG

The CG Gruppe is a German project developer with its own construction competences. The company, which operates throughout Germany, has been developing, implementing and marketing residential and commercial properties for over 20 years. The company’s core business is the turnkey production of residential buildings and its placement to institutional investors. In this segment, CG Gruppe AG is the market leader in Germany. The declared goal of the company with its 350 employees is the creation of favorable and sustainable living space in large-scale district developments using process and technology innovations.

The company's performance horizon has been set at a total volume of around EUR 4.7 billion for the next five years. At present, projects in the amount of EUR 2.7 billion are being prepared for structural implementation. For projects currently under construction, the CG Gruppe processes a volume of EUR 750 million. Further projects totalling EUR 500 million have already been purchased by institutional investors and will be under construction soon.

Visit CG Gruppe's website

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RIB Group 2016 revenues at a record high

RIB Group 2016 revenues at a record high

RIB Group increased preliminary operating EBITDA by 57.9% to approx EUR 33.0 million in 2016 and generated the highest revenues in the company's history.
 
RIB Software, the world’s leading provider of 5D BIM Big Data technology, announces its preliminary and unaudited financial figures for the fiscal year 2016.

  • Preliminary revenues of RIB Group rose significantly by 19.1% to EUR 97.8 million (2015: EUR 82.1 million).
  • Preliminary operating earnings before interest, taxes, depreciation and amortization (EBITDA) - adjusted by currency effects and one-off / special effects - increased in the fiscal year by 57.9% to EUR 33.0 million (2015: EUR 20.9 million).
  • The operating EBITDA margin thus reached 33.7% (2015: 25.5%).
  • Preliminary EBITDA rose by 31.6% to around EUR 32.9 million (2015: EUR 25.0 million).

RIB Software AG will publish its final figures for the fiscal year 2016 as well as the guidance for the fiscal year 2017 on Friday, 31st March 2017.

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BIG signs a contract with RIB

BIG signs a contract with RIB

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BIG is one of two architects who won the competition to build the new 12,350 sqm prestigious culture centre in Bordeaux - MÉCA - Maison de l’Économie Créative et de la Culture en Aquitaine. The new culture centre is located on the historic riverfront at the Garonne river in Bordeaux.


BIG has signed a contract with RIB to use RIB Capture, a digital solution that will be used for all on-site inspections at MÉCA. The contract also covers Professional Services and RIBs consultants will manage the setup and training of all users, ensuring that all project parties across countries will profit optimally from the use of RIB Capture.

We are delighted that BIG has chosen RIB Capture as their digital platform for all inspections at MÉCA. We are looking forward to collaborate with BIG and to contribute to the efficiency and documentation of all inspection processes.
— Morten Abildgaard, Senior Business Consultant at RIB

RIB Capture is a valuable tool for quality assurance to all parties who perform controls and document the quality of performed work. With RIB Capture, registrations, photo documentation, floor plan placement and descriptions are connected into one workflow. 


About MÉCA

MÉCA will unite three cultural institutions into one single building; the existing centre of modern art FRAC, the performance centre OARA and the archive of literature and film ECLA. 150 architects were invited to the competition. The Danish architect BIG won the competition in collaboration with FREAKS freearchitects. The client is Region Nouvelle-Aquitaine and the project is elaborated in collaboration with dUCKS scéno, Khephren Ingénierie, VPEAS, ALTO Ingénierie, Vincent Hedont, PBNL, Mryk & Moriceau, Ph.A.

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RIB’s Spanish subsidiary signs first iTWO 5D contract with the Spanish Secin Group

RIB’s Spanish subsidiary signs first iTWO 5D contract with the Spanish Secin Group

RIB is happy to announce the conclusion of a contract with the Secin Group for RIB’s VDC software iTWO 5D.  Spanish Secin Group, with its strong focus on innovation and more than 40 years of experience in the construction industry, has decided to implement iTWO 5D-technology, an end-to-end innovative solution for digital management in construction companies.

The contract between the Secin Group and RIB Spain constitutes the first partnership forged by RIB Spain since launching the iTWO technology in the Spanish market.

Javier Gómez-Cornejo Gilpérez, CEO of Secin Group, comments: “iTWO fits with our innovative vision and also allows us to bring together all of the company's processes into one system. We will now be able to optimize resources, be more cost-effective, reduce contingencies and handle orders more efficiently.”

“Secin group is the first Spanish company to use iTWO, which will provide the company with an important competitive advantage within an industry that is on the way to becoming one of the most advanced industries in the world”, says Fernando Valderrama, CEO of RIB Spain.

About Secin Group

The Secin group is dedicated to the engineering of projects and systems as well as to the construction in Civil Works and Building fields. With forty years of experience, Secin is guaranteed to be a reference company in an industry in constant change and innovation. Project, build and develop are the raison d'être of Secin group, a company committed to people, environment, sustainability, research and above all, responsibility to its clients, Secin group offers turnkey solutions and ensures price, time and quality in every project. For more information, visit www.secingroup.com.

 

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Tenders - Dealing with Externally received Bids

Tenders - Dealing with Externally received Bids

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Happy 2017 to all our users!

With the January release of iTWOcx you will be able to manage Tender Bids that you may receive outside of the iTWOcx system.

These bids could be an email or an attachment you have received from one or more of your bidders.

As the bid has been sent outside of the iTWOcx Tenders system, previously the information was disconnected and was not processed by the Tenders module, which meant neither the Tender Dashboard nor the Tender Package was updated with the relevant bid details

With this update to iTWOcx Tenders, capturing this information will be is easy and the bid information can be imported into your package to keep all your Package/Bidder details in one place. 

Here is how you do it.

Open the relevant package

  1. Go to the Tenders Dashboard
  2. Click Summary next to the package you wish to upload the bid to

 

 

  1. On the Package Progress Tab select the bidders you wish to submit an external bid for
  2. From the Bidder Tools drop down, select Submit an External Bid

 

The External Bid submission wizard will launch and display the bidder's company and contact for those that you have selected.

 

You are now ready to upload the External bid(s)

 

Upload Documents

  1. Click the Upload button against the relevant Bidder and upload your external bid documents
  2. Click Next
Externalblog4.png

 

Notify Bidders of Submission

After you click next you will be taken to the Notify tab of the External bid submission Wizard

On this tab, you are able to select whether you would like to Notify the Bidders about you submitting a bid on their behalf.

  1. To Notify - Select Yes. Don't Notify - Select No.
  2. Review all your changes, Click Upload Bids

 

Package is updated in real time

Once the bids have been submitted, your Package is immediately updated with all the relevant information. iTWOcx Tenders shows these updates in several places

  • The Tender Dashboard is updated with the new bid details
  • Package history is updated (as shown below)
  • Package Progress is updated

 

We hope you enjoy this update to iTWOcx Tenders.

iTWOcx Product Team signing off!

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The largest construction company in Belgium implements iTWO 4.0

The largest construction company in Belgium implements iTWO 4.0

RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, announced at the end of December the conclusion of a large deal with the BESIX Group, Belgium’s biggest construction company.

With iTWO 4.0, BESIX aims to implement a web-based end-to-end enterprise solution across the Group that provides highly efficient integrated project and enterprise management on a single model-based Big Data platform. In addition, a technology partnership has been agreed for the areas of logistics and warehousing, from which both companies will generate added value.

Michael Sauer, CFO of RIB: "We are very proud that another leading construction company in Europe has chosen iTWO 4.0 technology. Our goal is to accompany the BESIX Group as a technology partner on the way to becoming one of the most advanced companies in the construction industry. With the consistent integration of virtual and physical building processes, BESIX has chosen a way to prepare the company for the digital challenges of construction companies in the 21st century."

Michel Moser, CFO of BESIX: "We have chosen RIB because the business processes depicted in iTWO 4.0, especially the 5D approach and web-based technology, offer great potential to further optimize our business processes when planning and managing our projects. We are looking forward to a successful collaboration with RIB and will also contribute our know-how to future developments of the iTWO 4.0 platform as part of the technology partnership."

About BESIX Group

BESIX Group operates in the construction, concessions and property development sectors. It profiles itself as a multi-services Group catering for multi-size projects. The Group was founded in 1909, since when it has grown steadily and impressively. NV BESIX SA, its biggest subsidiary, is active in practically every field of construction. In addition to the activities of BESIX and its other subsidiaries Cobelba, Jacques Delens, Socogetra, Vanhout, Wust, Franki Foundations, BESIX Park, BESIX RED, Lux TP, West Construct in the Benelux and in France, the Group is present in Eastern Europe, North and Central Africa and the Middle East, via Six Construct, in Central Asia and Australia. In 2015, the Group achieved revenues of EUR 2.2 billion. BESIX has about 15,000 employees active in 21 countries on 5 continents.

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