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RIB Software AG (RIB) signs a Phase-II-contract (No. 30 / 2016) with the City of Miami Beach

Back18.11.2016

DGAP-News: RIB Software AG / Key word(s): Agreement

2016-11-18 / 08:45
The issuer is solely responsible for the content of this announcement.


18-November-2016

RIB Software AG (RIB) signs a Phase-II-contract (No. 30 / 2016) with the City of Miami Beach

Atlanta, Georgia, USA, 18 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 Phase-II-deal between RIB U.S. Cost and the City of Miami Beach in order to provide the City of Miami with Value Engineering based on the iTWO-technology in the context of the renovation of the Miami Beach Convention Center.

RIB U.S.COST will utilize its 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.

Regarding the opportunity of supporting 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. RIB U.S.COST will provide these services through their current contract with the City of Miami Beach."

The City of Miami Beach is executing a complete renovation to their convention center to bring it up to - and beyond - the standards of a regular city convention center.

About RIB Group
RIB Software AG 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 AG 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 700 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.



2016-11-18 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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