Stuttgart, Germany, 24 December 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract.
The Phase-II-order was negotiated finally in 2017, started in 2018 and will generate high monthly consulting revenue from 2019. The service includes but is not limited to support the owner/investor in running a mega project with cost analysis, value engineering, cost estimation, decision making, forecasting, change order management and contingency management. The RIB team is using leading methodologies and technology to generate board level requested information and schedule. RIB will also provide market intelligence about trends and other important market influencers to the client.
RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution for construction companies, industrial companies, developers and project owners, etc. 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 more than 900 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.