RIB signs a Phase-II-contract for the delivery of the CostX solution

June 28, 2018 - Corporate News

Stuttgart, Germany, 28 June 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 the eleventh Phase-II-contract of the current fiscal year through its subsidiary, Exactal Group Limited. The customer, a leading global Design & Consultancy firm for natural and built assets, has its headquarters in Europe.

They awarded the contract to Exactal based upon CostX’s innovative technology, after an extensive analysis to find the right fit for their team. This is the second Phase II deal for Exactal in this fiscal year.

Exactal CEO Murray Freeman noted “We are very pleased to welcome an additional large customer on board, with yet another Phase II Deal signed with Exactal this year. This is due to not only our advanced product features, but also our world-class international support team. The innovative aspects of CostX such as the BIM and revisioning functionality as well as an intuitive User Interface and supportive workflow were the key features that the customer found compelling. Many of the Top 20 global Quantity Surveying firms are now Exactal customers and are achieving significant improvements in their operations with the backing of our software.”

About Exactal

Established in Brisbane, Australia in 2003 to develop software specifically for the quantity surveying and estimating market, Exactal has continued to expand its worldwide presence. It now has offices in Brisbane & Sydney in Australia, London in the UK, Auckland in New Zealand, Austin in the USA, Kuala Lumpur in Malaysia, Dubai in the UAE and Singapore and Hong Kong. The company also has sales and channel partner support across much of the globe. The main product CostX® provides an integrated BIM and 2D on-screen measurement solution with a unique integration between the cost estimates and the elements on the drawing files that the estimate represents. This approach keeps estimates up to date and allows drawing revisions to be easily evaluated to eliminate traditional scope creep in construction projects. Exactal is an RIB Software Company.

About RIB

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.

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