Procore Technologies Inc. (5PT)

Overview

Procore Technologies, Inc. is a renowned entity in the field of construction management, offering a cloud-based platform and various software solutions both within the United States and internationally. The company is dedicated to facilitating enhanced collaboration amongst a diverse set of construction project stakeholders—owners, general and specialty contractors, architects, and engineers. With its headquarters in Carpinteria, California, and establishment dating back to 2002, Procore has cemented its position in aiding the commercial, residential, industrial, and infrastructure sectors of the construction industry to operate more efficiently and effectively. Through its innovative technology, users from job sites to back offices are provided with tools that not only foster improved communication and collaboration but also support in regulation compliance, workforce management, and financial tracking, thereby advancing the overall construction management process.

Products and Services

• Preconstruction - This solution streamlines collaboration among internal and external stakeholders throughout the crucial initial phases of a construction project such as planning, budgeting, estimating, bidding, and partner selection. By fostering early-stage communication and coordination, projects are better positioned for success from the start.
• Project Execution - Designed to enhance real-time collaboration and information accessibility, this service ensures that all team members can work together seamlessly. It supports storage of critical project information, design collaboration, BIM model clash detection, and helps ensure compliance with various regulations, thus keeping projects on track and aligned with goals.
• Workforce Management - With features focused on labor scheduling, productivity tracking, and time management, this tool aids contractors in optimizing their workforce. It enhances communication with the workforce and aids in managing profitability on construction projects by offering detailed insights into labor productivity and forecasting.
• Financial Management - This offering provides unparalleled visibility into the financial health of construction projects and portfolios. It links field operations with office management in real-time, offering access to financial data that is crucial for making informed decisions and ensuring project profitability.
• Construction Intelligence - Leveraging data capture, management, and learning, this service enables customers to perform in-depth project and portfolio reporting, analytics, and apply artificial intelligence-guided workflows. It assists in monitoring projects and drives informed decision-making, thereby supporting strategic business needs.