San Francisco, California (May 15, 2019)—Rhumbix, a mobile platform designed for smarter construction sites, has announced their integration into the cost management module as part of the Autodesk BIM 360platform.
Autodesk users will be able to see details such as hours, times, equipment costs and expenditures for time and materials (T&M) tags in the potential change-order (PCO) module of the BIM 360 cost-management tool. This allows for an instant and clearer understanding of what the true costs of a PCO are.Only approved cost item numbers will be passed to Rhumbix, ensuring that all tags are categorized correctly with the proper supporting documentation.
“Our technology is proven, and we continue to work with those in the field to fine tune our digital tools to address and eliminate the problems associated with paper tags,” said Rhumbix CEO and co-founder Zach Scheel.
According to Transparency Market Research, the global building modeling market was $2.7 billion in 2014 and is expected to reach a valuation of $11.5 billion by 2022. While many countries are moving to mandate BIM, the U.S. has been slower to adapt. However, as more come in to the fold the trend is expected to soon become the norm given the benefits it provides.
“The days of analog time clocks and paper-based daily logs for managing time and materials are nearing an end in the rapidly digitizing construction industry,” said Allison Scott, head of integrated marketing for Autodesk Construction Solutions.
“Automating the error-prone T&M process using the new Rhumbix integration with the Autodesk BIM 360 construction management platform is expected to reduce the risk of mistakes, save time and allow our shared customers to be more competitive. Our hope is this will ease the burden of disconnected T&M methods and help general contractors and subcontractors take advantage of real-time data to drive efficiency and productivity."
Moving to digital tools and single-database platforms can be daunting for those who have only known paper, but the benefits are clear. “We come from the field and developed our tools to speak directly to the needs of those on the jobsite to make the transition as easy as possible,” said Rhumbix Chief Executive Officer and co-founder Drew DeWalt.
In 2018, Rhumbix was the recipient of an $8 million round of funding by the Autodesk Forge Fund. This effort is investing up to $100 million for innovators, at any investment stage, who are addressing complex problems facing the future of design and creation while fundamentally changing how things are designed, made or used.