Procore expands preconstruction capabilities with acquisition of Esticomadmin
This acquisition will add estimating performance to the Procore platform, complementing Procore’s preconstruction providing by enabling higher accuracy in value estimates, serving to normal contractors and specialty contractors win extra bids, rising productiveness, and decreasing danger all through the lifecycle of a mission.
Throughout preconstruction, mission planning takes place to outline the mission particulars, establish potential points, finalize designs and drawings, outline mission price range, scope and schedule. Esticom helps the development business streamline the historically cumbersome means of takeoff and estimation. It allows contractors to shortly decide the portions of supplies wanted on a job utilizing mission drawings and specs, after which calculate labour and materials value estimates utilizing a in-built catalogue of supplies and assemblies.
“We welcome the Esticom staff to Procore,” mentioned Tooey Courtemanche, Procore Founder and CEO. “Procore is investing in the way forward for preconstruction, an more and more vital and impactful a part of the development course of. Collectively, Procore and Esticom will ship a single, complete preconstruction resolution on the Procore platform, with information connectivity that helps clients monitor prices and precisely predict estimates.”
With the acquisition of Esticom, Procore extends its product functionality into earlier phases of the development lifecycle connecting house owners, normal contractors and speciality contractors on a single platform.
“Contractors who use Esticom usually see a three-fold improve within the variety of development tasks they’ll estimate, and a five-fold improve in takeoff pace. Esticom is modernizing preconstruction by changing paper plans and spreadsheets, and delivering extra correct estimates. We look ahead to additional advancing preconstruction as a part of the Procore platform,” mentioned Chris Lee, cofounder of Esticom.