Enhancing the integration of 2D CAD files in iTWO 5D – RIB acquires 25% of Exactal

Enhancing the integration of 2D CAD files in iTWO 5D – RIB acquires 25% of Exactal

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RIB Group, the world’s leading provider of 5D BIM Big Data technology to the construction industry, acquires 25% of the shares of Exactal Group Limited, a Hong Kong-based software producer to the construction industry.

The cooperation between the two software companies allows the enhanced integration of 2D CAD files into the calculation process in iTWO, besides model-based 3D work.

Helmut Schmid, CTO of RIB Software AG, highlights the benefits of the partnership: "With Exactal technology, we will be able to simplify the transition for our iTWO community to model-based workflows by using the add-on of the 2D quantity determination. We are very pleased to have found a partner with Exactal, who, like RIB, has a high level of competence in the construction industry. By investing in Exactal, we will maximize the synergy effects and create opportunities that will benefit both companies."

Mark Kefford, Executive Chairman & Founder of Exactal adds: “We are pleased to welcome RIB into the Exactal group as both a strategic investor and an important customer. The RIB investment in Exactal is further confirmation of our world leading solution for quantity takeoff from 2D Data and we look forward to working closely with them in the future in this expanding marketplace."

About Exactal Group Limited

Established in Brisbane, Australia in 2003 to develop software specifically for the quantity surveying and estimating market, Exactal has continued to expand its worldwide presence. It now has offices in Brisbane & Melbourne in Australia, London & Manchester in the UK, Auckland in New Zealand, Austin in the USA, Kuala Lumpur in Malaysia, and Singapore and Hong Kong. The company also has sales and channel partner support across much of the globe. The main product CostX® provides an integrated BIM and 2D on-screen measurement solution with a unique integration between the cost estimates and the elements on the drawing files that the estimate represents. This approach keeps estimates up to date and allows drawing revisions to be easily evaluated to eliminate traditional scope creep in construction projects.

 

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Flex and RIB Software join forces to transform the building industry – new joint venture “YTWO Formative” combines world leading 5D BIM software and supply chain solutions

Flex and RIB Software join forces to transform the building industry – new joint venture “YTWO Formative” combines world leading 5D BIM software and supply chain solutions

Flex, the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world, and RIB Group, the world’s leading provider of 5D Building Information Modeling (BIM) Big Data technology for the construction industry, have formed a joint venture (JV) that will transform the $9 trillion building and housing industry.

The joint venture will operate under the name YTWO Formative and provide an open platform, cloud-based software solution that combines the strength of RIB’s iTWO 5D BIM software capabilities with Flex’s manufacturing, supply chain management and logistics expertise. By combining the strengths of the two companies, YTWO Formative offers a fully integrated enterprise software platform that will take a project all the way from full virtualization, which includes time, cost, materials and a complete 3D model, to supply chain execution and production completion.

YTWO Formative is an integrated, intelligent platform that eliminates the need for investment in expensive IT systems and software licenses and allows customers to create accurate, detailed construction project plans, facilitated by a catalog of home and modular construction products, providing critical intelligence on pricing and lead times. The JV aims to modernize practices in the fields of architecture, engineering and construction.

“RIB provides the best enterprise solution available for construction planning and management in this $9 trillion *) and growing industry, and Flex is the leader in global supply chain solutions.  By combining our expertise in YTWO Formative, we are building a smarter, more connected system, using modern software architecture and real-time information, which will reduce costs by up to 50 percent, shorten cycle times, improve efficiency and help complete projects on schedule,” said Mike McNamara, CEO at Flex. “YTWO Formative fits perfectly with our strategy of creating Sketch-to-Scale solutions by leveraging our expansive platform. This industry represents a massive opportunity as we open up a completely new market for Flex.”

Thomas Wolf, CEO at RIB, 30-year veteran of the construction industry and a pioneer in BIM software said, “Over 60 percent of major projects are over budget or behind schedule **), underscoring the need for improved efficiencies. Together with Flex, we are delivering a fully integrated solution on a single platform that addresses this need with state-of-the-art technology, design-to-project-completion solutions, synchronized supply chain planning with direct access, and more.”

Flex and RIB have each contributed approximately $60 million for a non-controlling interest in the joint venture, which has received regulatory clearance. 

For more information on YTWO Formative, visit: http://www.ytwoformative.com

About Flex
Flex Ltd. is the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit www.flextronics.com or follow us on Twitter @Flextronics. Flex – Live Smarter™

*) Source: Oxford Economics, Global Construction 2030, November 2015
**) Source: Construction Industry Institute (CII) 2015 Performance Assessment

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Digitalize and Industrialize NOW - RIB Wraps Up the 4th iTWO World Conference in Guangzhou, China

Digitalize and Industrialize NOW - RIB Wraps Up the 4th iTWO World Conference in Guangzhou, China

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The RIB Group has successfully held its 4th world conference, iTWO World 2016, from November 16th to 18th.

At the conference, the worldwide iTWO community shared knowledge and ideas with regards to Construction 4.0, highlighting topics such as the Internet of Things (IoT), construction digitalization with iTWO 5D BIM, Supply Chain Management for construction, iTWO global education as well as enterprise management in innovation transformation. The world’s first cloud-based 5D BIM IoT Enterprise Solution iTWO 4.0 was unveiled and is expected to drive digital enterprise management in the construction industry towards a new horizon.

As the first iTWO World conference ever held in mainland China, iTWO World 2016 invited over 300 visionaries from 21 countries. Top executives from RIB, Flex, McKinsey, Autodesk and a total of 24 world leading companies shared their success stories and provided in-depth insights on iTWO 5D BIM end-to-end enterprise management and its integration with advanced 3D BIM design and supply chain management

Three prestigious universities from Germany, the USA and Hong Kong presented their cooperation with RIB and their achievements in developing next-gen BIM talents.

RIB, which is the leading provider of 5D BIM Big Data technology to the construction industry, and Flex, the Sketch-to-Scale™ solutions provider that designs and builds intelligent products for a connected world, have combined their expertise and formed a groundbreaking joint venture named YTWO Formative, providing an open platform, cloud-based software solution that fully integrates end-to-end project lifecycle management with the physical supply chain and delivers “Made to Design” solutions to modernize the AEC business.

The podium discussion sessions were stimulating, with the audience participating actively in lively discussions on the digitalization of the global building industry, modular construction, 5D-BIM approach in education etc.

The iTWO Manifesto was signed by iTWO visionaries to show their commitment to unite, inspire and empower Smart Building and Smart Future.

The first two days of the conference were followed by a night cruise on Pearl River, where the guests immersed themselves in the breathtaking Guangzhou city and enjoyed face-to-face communication with global visionaries.

The conference also featured an exciting hands-on session in the iTWO 5D Lab, where participants experienced iTWO’s 5D-BIM end-to-end management system as well as iTWO 4.0 and gained first-hand knowledge of how big data and disruptive technology can transform enterprise management and bring real value to the industry.

Integrating data, people and machines, state-of-art information technology is continuously advancing the building and construction industry. “Technology has changed over the last few decades in the automotive industry, the entertainment industry, as well as people’s daily lives. Now the same thing is happening in the building and construction industry. Internet of Things technologies, Big Data, Cloud, 5D, and Virtual Reality technologies are entering and revolutionizing the industry. Digitalization and industrialization is an unstoppable process. Innovation transformation management is necessary to adapt to change and take advantage of technological development. RIB would like to be the preferred partner, running together with iTWO community members to achieve this transformation“, said Thomas Wolf, CEO of RIB Group.

“Partnering with RIB to create a smarter, more connected world – this is the best idea that we can find today”, said Mr. Mike McNamara, Chief Executive Officer of Flex. “We are pushing the boundaries of construction by harnessing the power of technology to advance Construction 4.0. Running together with the iTWO community, we build the future for the next generation.”

Watch a brief review video here: https://youtu.be/PpA1iFi0nII?list=PLPLbVbkajU-LAawm1WLLGLj3Gi5wrTlff

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RIB Software signs large contract with the City of Miami Beach

RIB Software signs large contract with the City of Miami Beach

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RIB Software announced on November 18, 2016 the conclusion of a deal between RIB U.S. Cost and the City of Miami Beach that will provide the City of Miami with Value Engineering based on iTWO-technology in the context of the renovation of the Miami Beach Convention Center.

RIB U.S. Cost will utilize their expertise to reconcile and negotiate GMP on behalf of the city. This task order will entail preparing construction estimates to evaluate and reconcile estimates and proposals submitted by the Construction Manager on the project. RIB U.S. Cost’s services will support overall cost and risk control of the project for the City of Miami Beach.

On the opportunity to support the City of Miami Beach on this highly visible and important project, Glenn Wilcox, Senior Vice President of RIB U.S. Cost, states: “RIB U.S. Cost is excited to have the opportunity to support the City of Miami Beach on a project that will have such an important regional economic impact. Our plan is to utilize our local knowledge and resources, and RIB technology to develop estimates and related analysis and negotiate GMP on behalf of the city.”

The City of Miami Beach is executing a complete renovation to its convention centre to bring it up to – and beyond – the standards of a regular city convention centre.

 

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RIB Software signs large contract with the CG Gruppe AG, the market leader in the field of storey rental housing construction for institutional capital management companies

RIB Software signs large contract with the CG Gruppe AG, the market leader in the field of storey rental housing construction for institutional capital management companies

RIB Software, the world’s leading provider of 5D BIM Big Data technology for the construction industry, announces the conclusion of a large deal with CG Gruppe AG, the German market leader in the field of storey rental housing construction for institutional capital management companies.

Erik von Stebut, Managing Director of RIB Deutschland GmbH, comments: "We are very pleased that the CG Gruppe, one of the leading project developers in Germany, will rely on the integrated iTWO 4.0 enterprise solution from RIB. In all planning and execution phases, the CG Gruppe will therefore benefit from transparent budgeting and full cost control."

The next step is to network iTWO 4.0's complete model-based approach with purchasing, production and logistics processes. This will create the most innovative solution on the market in the coming months, covering all project phases from planning to operation.

"Together with RIB, we are implementing a solution that digitizes all processes in the property's value chain from initial idea to completion and rental. This creates systems and products that have not yet existed on the German market. In the CG Group, information technology is no longer just a support function but a core competency," explains Christoph Gröner, CEO of CG Gruppe AG. "For the practical implementation in construction, this solution provides tremendous acceleration and accurate cost forecasting and cost tracking," reaffirms Gröner.

About CG Gruppe AG

The CG Gruppe is a real estate developer with its own construction expertise. For more than twenty years, the company has handled all development, construction and sale of its residential and commercial properties nationwide. Investments are focused on major German cities such as Berlin, Leipzig, Dresden, Frankfurt/Main, Cologne, and Düsseldorf. More than 250 staff members provide for frequent high quality and sustainability of all real estate products in terms of acquisition, development, and construction. The company’s core business is the construction of rental buildings and their placement with institutional investors. In this segment, the CG Gruppe holds the market-leading position in Germany. The CG Group AG is currently preparing projects worth EUR 1.8 billion. The company’s performance horizon invested within the coming five to seven years totals approximately EUR 3.9 billion.

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RIB Software signs contract  with the largest municipality in Denmark

RIB Software signs contract with the largest municipality in Denmark

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Copenhagen, Denmark, 10 November 2016. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of a large deal with the municipality of Copenhagen in Denmark. RIB Software has been announced as the winner of this competitive EU tendering process based on quality of solution, costs as well as service and implementation.

The client is the largest municipality in Denmark and RIB’s product suite will be applied across all three building departments, covering new build, infrastructure projects as well as the servicing and operation of the municipality’s existing assets.

Copenhagen Municipality has used RIB software on its projects with great success for several years. In fact, based on the municipality’s experience with RIB, they are using digital project management tools on all projects larger than $ 97,000 AUD, even though they are only required by law to use ICT tools on projects larger than $ 3.9 million AUD.

"New Thinking, New Technology and New Working Methods are rapidly changing the construction industry in the Nordic region. I am proud to see how RIB's technology and the specific skills and competences from our team has supported the client in the last years, leading into a further extension of a great relationship. We believe in having the strongest technologies in the market, but also our people and their capabilities are of tremendous importance in unlocking the potential and they have done a great job together with the client", explains Mads Bording, CEO of RIB Nordics.

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RIB Group and Autodesk form breakthrough partnership

RIB Group and Autodesk form breakthrough partnership

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RIB, the world’s leading provider of 5D BIM Big Data technology for the construction industry, and Autodesk Inc., a world leading 3D architecture, engineering and construction software company, are pleased to announce a new joint-effort to deliver the best of the best in the fully integrated and interoperable iTWO 5D BIM Enterprise Solution for the architecture, engineering, and construction (AEC) industries. The collaborative effort will upgrade the 3D BIM engine of RIB’s 5D technology and reduce project risk while increasing industry profitability and productivity in an accessible and affordable way.

This joint solution will further improve the real-time integration of 3D construction modeling and schedule (4D) and project cost-related information (5D) in both virtual and physical construction processes on RIB’s iTWO platform. A 5D BIM solution provides all of the necessary design from Autodesk’s Revit software, schedule and cost information in a single environment to become the single source of truth for construction project teams. Dynamic changes to cost and schedule based on changes in geometry and object properties can be checked in real time. The project supply chain can be also engaged to rapidly integrate structural, MEP and architectural models into 5D processes. It enables firms and investors across the Building, Civil Infrastructure, and Industrial sectors to more confidently understand the critical business drivers of a project and predict outcomes through the entire project lifecycle.

Under this agreement, RIB will invest in an international iTWO 5D BIM research, development and support team. Autodesk will provide support for the integration of the Revit BIM technology into iTWO. The iTWO BIM 5D user interface and 3D functions will reach a higher level of integration with Autodesk’s building information modeling technology.

“Working with RIB creates an extraordinary opportunity for the construction industry to visualize all aspects of a project in a single 5D environment in a highly integrated offering,” explains Amar Hanspal, senior vice president, Autodesk. “Together we will deliver a 5D model enabling project stakeholders to put all their individual cards on the table to make more informed business decisions. We expect this will result in reduced project risk and increased productivity for the construction industry. This is BIM at its very best.”

“Autodesk is a global BIM and AEC industry leader and our chosen development partner for iTWO 3D to reach the best integration with Autodesk Revit and other Autodesk products,” says Thomas Wolf, RIB CEO. “We believe there is a great potential that our users will switch their projects to the new iTWO 3D technology because of the valuable information it brings.”

About Autodesk

Autodesk is an American multinational software corporation that provides software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. Founded in 1982, Autodesk has been running together with global leading partners and delivering excellent solutions that help people imagine, design and create a better world for the next generation. Autodesk develops a broad range of software for design, engineering, and entertainment, empowering people to build a more digital and innovative future. Everyone—from design professionals, engineers and architects to digital artists, students and hobbyists—uses Autodesk software to inspire new thinking, unlock their creativity and solve important challenges. For more information visit autodesk.com

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RIB forms joint venture with Silicon Valley based Flex (prev. Flextronics)

RIB forms joint venture with Silicon Valley based Flex (prev. Flextronics)

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The RIB Group is partnering up with Flex (previously known as Flextronics International Ltd. or Flextronics) to form a joint venture for an international web-based platform for construction project management, linking design to supply and execution.

Flex, a leading global electronics manufacturing services and supply chain solutions company, counts amongst its clients renowned Fortune 500 companies of the consumer electronics, sports apparel, medical and software industries.

Its unparalleled global footprint spans 13 industries, each of which contributes to Flex’ revenues in excess of 1 billion USD, 16,000 suppliers in over 100 locations and 30 countries worldwide. Annually, it produces 10,000 new products, employing more than 8,000 supply chain management professionals who manage a material volume of 22 billion USD. It is uniquely positioned in its industry by offering sketch-to-scale solutions.

By entering the joint venture with RIB, Flex now offers its design, engineering, manufacturing and supply chain services and solutions to building and housing companies.

Both companies invest 60m USD in the joint venture for an equal share of the newly founded company.

https://www.youtube.com/watch?v=aU0EDFrS7P0

 

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