RIB Software AG: RIB Group signs a Phase II contract (No. 18 / 2015) with a large American government agency


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

2015-10-29 / 11:16


RIB Group signs a Phase II contract (No. 18 / 2015) with a 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."

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.

2015-10-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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