RIB signed first P8 deal with a core branch of China State Construction Engineering Corporation (CSCEC), the No.1 Contractor of the world by total revenue (80th in Fortune 500)

December 31, 2013 - Corporate News
Guangzhou, China, 31 December 2013.  RIB Group signed its first global P8 deal with China Construction Forth Engineering Division Corp. Ltd, a core branch of China State Construction Engineering Corporation (CSCEC). From 2014, RIB will offer a global mass-market product for contractors and developers. P8 stands for a combination of iTWO software and iTWO Lab services.

The P8 product includes 8 concurrent user licenses, which can be used to run a BIM based 5D project or to run a BIM based 5D DOI (Developer, Owner, Investor) department. The P8 license can be used to run an iTWO lab or to execute an IT POC. The total cost for P8 based on a 100 Million USD project revenue is around 0,1%  and includes the software license, the development of an iTWO pre-construction strategy, the configuration of the ITWO solution for the project or the company, the set-up of the iTWO controlling and the control tower, the iTWO user training and certification. The services will be delivered within 2 full week well prepared iTWO 5D LAB sessions. P8 license includes also 6 months free maintenance, on-site consulting man-days and back-office support.

Thomas Wolf, CEO of RIB Group, commented: “In Germany, RIB has today over 50,000 Mass Market users. With the P8 product & services, we will enter now next to the Germany into the international mass market in China, USA, India, South East Asia, Middle East and Australia/New Zealand. If 5 channel partners can sign over 20 P8 deals per year in each of our 6 international regions (USA, China, India, Middle East, South East Asia and Australia ANZ) per year with a net margin of 20,000 USD per deal in the future we can increase our 2013 profitability by over 100%.

In the last 3 years, RIB Group has focused only on the international top 1,000 AEC contractors and investor as key account clients. We will now focus on the top 1000 (Key Account iTWO Phase I, II and III deals) plus on the top 100,000 international projects and building departments (Mass-market P8 deals). We will start in 2014 to build the iTWO P8 channels for sales and consulting and will inform about P8 deals and about channel partner signing.”

About China State Construction Engineering Corporation and China Construction Forth Engineering Division Corp. Ltd

Established in 1982, as China central government’s core state-owned company, China State Construction Engineering Corporation is China’s largest construction and real estate conglomerate and biggest contractor of building works. It is the largest transnational construction company in the developing countries and the top building construction contractor in the world, taking the long lead of China’s international contracting business. China State Construction Engineering Corporation made its debut in Fortune Global 500 in 2007, ranking No. 100 in 2012 and No.80 in 2013 by total revenue. China State Construction Engineering Corporation also ranks in No.3 in 2013 ENR Top 250 global contractors by only total contracting revenue.

About China Construction Forth Engineering Division Corp. Ltd

China Construction Forth Engineering Division Corp. Ltd is one of 8 core branches of China State Construction Engineering Corporation. It is China market leader in super high rise building, and top town and highway construction contractor in China. It is China’s famous pioneer in Construction by High Tech & Green Building. Its current Chairman Mr. Ye Haowen is China’s famous construction high tech driven leader as a top construction company’s chairman with winning national technology innovation and improvement award.

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

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.

© 2017 RIB Software SE