InEight unveils quarterly platform innovations
InEight has launched the first in a series of quarterly platform innovations designed to enable deeper project insights.
These innovations will include a full range of enhancements to its extensive portfolio of integrated construction project management solutions, which aim to improve productivity and strengthen collaboration for users, resulting in better project outcomes.
“From day one, InEight’s vision has been centered on how technology can enable all construction project stakeholders to get better with every project,” said Brad Barth, Chief Product Officer, InEight. “That means having better insights and better visibility to risks, which leads to better planning, and that leads to better execution and more predictable outcomes on large capital projects.”
The first innovations focus on short-interval planning (SIP) and subcontractor management. With the addition of SIP, InEight fills an industry gap with a digital approach to daily and weekly planning that traditionally has been the domain of the grease board in the jobsite trailer.
Now, users can benefit from a more dynamic, real-time approach that integrates project planning at every level, from CPM schedules to engineering and construction work packages, and from short interval/look-ahead plans to daily crew plans.
With InEight’s SIP solution, planning teams – including contractors and subcontractors – can collaborate frequently and from anywhere, ensuring everyone is on the same page to mitigate risk and drive greater project certainty.
Additional innovations improve how users manage subcontractors by providing full visibility throughout the life of the project. Users can more accurately track when contractual obligations are met and scope changes are made, enabling real-time progress updates and workflow approvals, as well as facilitate more timely payment processing, subcontractor scheduling and document sharing.
The latest platform enhancements also include:
- Streamlined change order management and approvals
- Real-time insights into the impact of changing financials
- Real-time views of current budgets to improve forecast accuracy
- Additional mobile functionality that provides full, real-time visibility into progress and issues of workflows while on-the-go, making it easier to collaborate, share and provide feedback
“Digital transformation is quickly becoming a business imperative and a key differentiator when it comes to competitiveness. An integrated solution, such as that offered by InEight, offers the industry the smoothest path to adoption, while unlocking a suite of benefits that brings about a new era in project certainty,” added Tad Bungener, EVP Marketing & GTM, InEight.
1build raises $19.5 million
1build, positioned as a real-time data platform for building construction estimating, recently raised $19.5 million, including the closing of a $14 million Series A led by Greycroft Capital.
"1build is operating at a core leverage point in the construction space, driving materials cost transparency on a localised basis and enabling regional commodity economies to improve market efficiency," said Brentt Baltimore at Greycroft.
"By revolutionising access to real-time materials data for everyone from smaller contractors to large commercial builders, 1build's platform is bringing stability to a market that directly impacts which materials manufacturers should orient their supply chains around, where landlords may purchase their next asset, how much consumers ultimately pay for this housing, and much more."
iOFFICE + SpaceIQ have announced a strategic investment by Autodesk, following the recent combination of iOFFICE + SpaceIQ, which will provide integrated solutions that give businesses "unequalled ability to analyse all aspects of their real estate and mission-critical assets". Terms of the investment were not disclosed.
