Autodesk to Acquire Cloud Based Estimating Company ProEst
New addition turns drawings, specifications and models into material, labour and equipment costs.
Autodesk is acquiring ProEst, a cloud-based estimating solution that enables construction teams to create estimates, perform digital takeoffs, generate detailed reports and proposals, and manage bid-day processes.
The company plans to integrate ProEst with Autodesk Construction Cloud, a comprehensive construction management platform connecting teams, data and workflows across the entire building lifecycle.
ProEst is engineered to translate project scope, turning drawings, specifications and models into material, labour and equipment costs. Being cloud-based, customers can access estimating information from anywhere, at any time, as well as import third-party cost databases to streamline estimation workflows.
The acquisition will complement Autodesk Construction Cloud’s cost management capabilities and allow teams to track costs against estimates and provide greater visibility to increase the probability of project success.
“We pride ourselves on delivering quality projects safely, within budget and in a timely manner,” said Luis Berumen, vice-president of innovation and technology, Bartlett Cocke General Contractors. “Autodesk Construction Cloud helps us manage our projects by enhancing collaboration across various phases and workflows and adding ProEst’s cloud-based estimating capabilities to the mix will further our ability to deliver quality projects efficiently.”
“Estimation significantly impacts downstream construction workflows, but is often a disconnected and manual process, which creates room for errors that can lead to cost and schedule issues later in a project lifecycle,” said Jim Lynch, senior vice-president and general manager of Autodesk Construction Solutions. “Our acquisition of ProEst will allow construction teams to connect accurate estimates with the rest of their project data to minimize the risk of cost and schedule overruns and drive successful project outcomes.”
The transaction is expected to close during Autodesk’s fourth quarter of fiscal 2022, ending January 31, 2022.