RIB Software SE (RIB) signs a Phase-II-contract (No. 28 / 2017) with Leading EPCI Firm

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RIB Software SE (RIB) signs a Phase-II-contract (No. 28 / 2017) with Leading EPCI Firm

Memphis, Tennessee, USA, 20 October 2017. RIB Software SE, the world’s leading provider of 5D BIM Big Data technology, today announced the conclusion of a Phase-II-contract with a leading engineering, procurement, construction, and installation (EPCI) firm headquartered in the United States.

“We are very excited about delivering RIB’s iTWO technology to a leader in the EPCI industry and adding a strong partner to the RIB family”, comments Mickey Carr, CTO of RIB Americas. “This new client has a vision to utilize innovation and technology to be the leader of the global offshore engineering and construction market which we believe aligns perfectly with RIB’s approach of using New Thinking, New Working Methods and New Technology to industrialize engineering and construction.”

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO³ – new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 750 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

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RIB Software SE signs a Phase-II-contract with Procter & Gamble

RIB Software SE signs a Phase-II-contract with Procter & Gamble

RIB Software SE signs a Phase-II-contract (No. 21 / 2017) with US based consumer goods manufacturer Procter & Gamble

 

Memphis, Tennessee, 20 July 2017. RIB Software SE, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract with consumer goods manufacturer Procter & Gamble (P&G), headquartered in Cincinnati, Ohio. P&G continues to focus on improving its productivity, cost structures, and supply chain management with an emphasis on innovation. To support these initiatives, P&G will be deploying the iTWO 5D technology globally to support capital cost planning and management.

P&G, founded in 1837 by William Procter and James Gamble, primarily specializes in a wide range of cleaning agents, personal care, baby care and health care products. With over 65 billion USD in sales in 2016 and a market cap over 228 billion USD, Procter and Gamble is ranked in the top 50 of Forbes Global 2000. 

"We are very excited about adding a technology partner in the manufacturing sector that is based in the United States and is a major participant in the global community", says RIB Americas CTO Mickey A. Carr. "P&G has established itself as an innovative leader globally and shares our vision of leveraging the iTWO New Thinking, New Working Methods and New Technology to truly industrialize the construction industry using the principles of Industry 4.0."   

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO³ – new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 750 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

Flex and RIB Join Forces to Transform the Building and Housing Industry

Flex and RIB Join Forces to Transform the Building and Housing Industry

 

Flex, a solutions provider that designs and builds intelligent products for a connected world, and RIB have formed a joint venture that will transform the $9 trillion building and housing industry.

The joint venture will operate under the name YTWO Formative, providing 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 two companies' strengths, 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 projection 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 trillion1 and growing industry, and Flex is the leader in global supply chain solutions.  With our combined 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 schedule2, 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™

 

Autodesk and RIB Collaborate to Deliver the Most Dynamic 5D Enterprise Solution

Autodesk and RIB Collaborate to Deliver the Most Dynamic 5D Enterprise Solution

RIB is excited to announce our joint effort with Autodesk to deliver the fully integrated and interoperable iTWO 5D BIM Enterprise Solution for the architecture, engineering and construction industries. The collaborative effort will upgrade the 3D BIM engine of RIB’s 5D technology and minimize project risk while increasing profitability and productivity through virtual end-to-end construction.

This joint solution will further improve the real-time integration of 3D construction modeling and scheduling (4D) and project cost-related information (5D) in both virtual and physical construction processes on the iTWO platform - a 5D BIM solution that provides all of the necessary design from Autodesk’s Revit software, schedule and cost information in a single platform 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 also be 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 life cycle.

RIB and Autodesk are running together to create the next generation of living.

 

The First iTWO Enabled Course Has Successfully Been Completed at Georgia Institute of Technology

The First iTWO Enabled Course Has Successfully Been Completed at Georgia Institute of Technology

Atlanta, Georgia, 11 January 2016. The first class of young iTWO talents has successfully completed the iTWO Enabled Course at Georgia Institute of Technology (Georgia Tech).

This iTWO Enabled Course was set up by RIB Software AG, the world’s leading provider of iTWO Big Data 5D BIM technologies for the construction and infrastructure industry, together with Georgia Tech on 17th August, 2015. The goal of the iTWO Enabled Course is to deliver advanced iTWO new thinking, new working method and new technology which enables undergraduate and graduate students to become the engines to drive the construction industry.

At the end of the semester, an iTWO final project competition was conducted to enable a better understanding and learning of how to work on a real construction project as an IPD team although the students are from different majors, and how to use an IPD method with the utilization of the iTWO 5D BIM Platform. The most exciting and interesting part of the course, 31 multidisciplinary students were divided into 8 teams to work on a construction project - a Dining and Classroom Facility for 2,500 students. At the end, the teams had to present their project including their approach, project cost, schedule, 5D simulation, a life cycle cost analysis and a change order method.

Finally, the winning team was selected and announced by Prof. Pardis (Dr Pardis Pishdad-Bozorgi), the instructor of iTWO course and RIB professionals. The winning team members are Hwayeong Choi, Jeffrey Chermely, Emily Doherty, Xiaoli Zhang. Prof Pardis commented that “the Final project presentations by students are very good. It is great to see that students can flexibly apply their new knowledge into practice. The winning team has provided an excellent presentation and exceeded all the evaluation criteria. They showed us in real time using iTWO the cost estimate, schedule and 5D simulation and change order analysis. They performed additional LCCA analysis for green roof and triple pane window.”

Mr. Thomas Wolf, CEO of RIB Group said that “As reward for winning the competition, we will offer the winners an internship opportunity to work with us on the iTWO city master or iTWO 4.0 generation or to work with leading clients.”

After the competition, all the students received their iTWO course certificate of completion which is issued by Georgia Tech and RIB Group. With the good foundation of iTWO knowledge and skills, this first class of young iTWO talents will become a strong power to transform the construction industry. In 2016, RIB will collaborate with more top universities worldwide to cultivate more iTWO talents.

About Georgia Institute of Technology

Located in Atlanta, Georgia, the Georgia Institute of Technology is a leading research university committed to improving the human condition through advanced science and technology.

Ranked as the #7 best public university, Georgia Tech provides a focused, technologically based education to more than 21,500 undergraduate and graduate students.

Georgia Tech has many nationally recognized programs, all top-ranked by peers and publications alike, and is ranked in the nation’s top 10 public universities by U.S. News and World Report. Degrees are offered through the colleges of Architecture, Computing, Engineering, Sciences, the Scheller College of Business, and the Ivan Allen College of Liberal Arts.

The strong academic work ethic at Tech is balanced by a collegiate atmosphere incorporating both intercollegiate and intramural sports, campus traditions, and some 400 student organizations.

RIB Signs iTWO Phase II Contract with the Largest Medium-sized Construction Company in the State of Hesse, Germany

RIB Signs iTWO Phase II Contract with the Largest Medium-sized Construction Company in the State of Hesse, Germany

Stuttgart, Germany, 16 November 2015. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the award of the 20th Phase II Deal in the current financial year 2015 (2014: 14 Phase II deals). The Contract was signed with the largest medium-sized construction company in the state of Hesse, Germany, Bickhardt Bau, which decided on iTWO 5D to focus on consistent and future-oriented processes.

Bickhardt Bau Aktiengesellschaft has been successfully involved in activities in the field of traffic route engineering for four decades and thus belongs to one of the top suppliers in this sector in Germany. Besides traffic route engineering Bickhardt Bau is also specializing on project development of industrial, commercial- and corporate buildings as well as public buildings. The company has successfully employed RIB solutions for many years and is now focusing on the aim to increase the value added of the planning- and project management processes by implementing model-based working methods.

Dr. Hans-Peter Sanio, executive board member of RIB Group comments: “We are really looking forward to be able to equip our longstanding business partner Bickhardt Bau with our iTWO 5D enterprise solution. We attached great importance to industrialize the construction industry with our technology and we will now cooperate closely with Bickhardt Bau to comply with this mission.”

RIB Signs Phase II Contract for an US Airport Improvement Plan

RIB Signs Phase II Contract for an US Airport Improvement Plan

Atlanta, Georgia, 30 October 2015. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the award of a three-year phase II contract with a volume of USD 2.6 million. It is the 19th of a planned 25 in the current financial year 2015 (financial year 2014: 14).     

The iTWO Experts from RIB will provide Estimating, Cost Management and Scheduling Services based on the iTWO 5D Technology for a major US airport’s terminal improvement program as well as for other development projects currently anticipated. The program is designed to extensively improve the airport travel experience with changes to terminals and parking garages that will enhance concessions, expand security check-points, reconfigure ticket counters and improve parking. The airport’s Board will rely on our experts to generate timely and accurate estimates to provide budget planning support and to evaluate, validate, and negotiate contractor claims.  

Regarding this Phase II deal to provide services for the airport’s construction projects, Suzanne Moltzen, CEO of the RIB North America Region commented “RIB has been providing unparalleled professional services to airports across the nation since 1989. We are pleased that this airport recognized the value our team brings to projects of this nature with both our software and our skilled experts.”  

RIB Continues Growth in the First 9 Months of 2015

RIB Continues Growth in the First 9 Months of 2015

Total revenue increases by 35.8% to € 57.3 million
iTWO Software & Cloud’s revenues reach € 23.8 million (+81.7%)

 

Stuttgart, Germany, 30 October 2015. The RIB Group continued its positive business performance of the first half of 2015 in the third quarter and again realised high revenue growth rates. In the current financial year, 18 out of a total of 25 planned phase II / III deals have already been concluded to date. In the first nine months Group revenues went up 35.8% to € 57.3 million. The share of Group revenues realised abroad increased to 49.0% in the reporting period.

The iTWO 5D technology gained a lot of momentum in 2015 and the enterprises are now step by step realizing the massive investment needs to perform the innovation transformation process within their organizations. More and more governments, developers and investors are demanding the usage of 5D technology from their supply chain. Due to this development iTWO Software and Cloud revenues saw an increase of 81.7% to € 23.8 million. It was very pleasing to see that the demand for iTWO 5D increased by 50.0% to €6.6 million in the small and medium-sized companies segment (mass market).

The operating profit before interest, tax, depreciation and amortisation on tangible and intangible assets (operating EBITDA*) increased by 23.1% to € 14.4 million year-over-year. Despite the significant increase in the write-downs from the purchase price allocation (PPA) to a value of € 2.2 million (previous year: € 1.1 million), operating profit before tax (operating EBT*) went up 10.8% to € 8.2 million in the first nine months.

With the acquisition of 75% of SAA Software Engineering, Vienna, RIB is now standing on the brink of a fourth industrial revolution. In connection with iTWO 4.0, the first web-based industrial solution, characterised through a strong individualisation of products under the conditions of a highly flexible small series production – in the future there will be construction factories running “smart” fabrication of intelligent building elements through industrial robots receiving their production specifications directly from 5D Models.

By intelligently combining project and production processes, companies and entire value-creating networks can be controlled and optimised in real time in iTWO 4.0. This includes the intelligent management of procurement processes to deliver "just in time" construction products on the building site. To this end, we will launch the first independent B2B marketplace for Construction "xTWO market" in the first quarter 2016. Our goal is to expand xTWO market to the worldwide leading eCommerce platform for construction products.

RIB Signs iTWO Phase II Contract with Large American Government Agency

RIB Signs iTWO Phase II Contract with Large American Government Agency

Atlanta, Georgia, 29 October 2015. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of the 18th phase II contract of a planned 25 in the current financial year 2015 (financial year 2014: 14). The contract has a volume of around USD 3.8 million and runs over six years. It was signed with a large government agency in North America to provide 3rd Party estimate and schedule reviews during the final construction phase for laboratory facilities.    

RIB’s experts will use the iTWO software solution to generate both cost and schedule within the same platform to ensure the team seamlessly captures the impact of changes to one on the other. The results will then be compared against the contractor’s submissions and used to negotiate where needed.

Regarding this Phase II deal for the construction of this facility, Suzanne Moltzen, CEO of the RIB North America Region says “RIB is very excited that this agency will rely on our iTWO cost and scheduling expertise to advise the government with respect to its budgetary and time sensitive interests in the construction of this very unique project.”

iTWO World Conference 2015

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iTWO World Conference 2015

iTWO World Conference is the greatest annual event for global construction industry — it brings together iTWO top users and partners, contractors, developers, design institution...

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RIB Tenders Copenhagen Hospital Expansion

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RIB Tenders Copenhagen Hospital Expansion

New Hospital Herlev, which is a 64-65,000 m2 expansion of one of the biggest emergency hospitals in Greater Copenhagen, has elected to tender the project in 17 contracts. The entire tender process is conducted digitally using RIB Tender.

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